Accession Number : AD0703925

Title :   STATIC MODELS OF BANK CREDIT EXPANSION,

Corporate Author : CENTER FOR NAVAL ANALYSES ARLINGTON VA

Personal Author(s) : Brown,George F. , Jr. ; Lloyd,Richmond M.

Report Date : 23 SEP 1969

Pagination or Media Count : 32

Abstract : The purpose of the paper has been to further examine a theory of stochastic reserve losses and expansion of bank credit in the light of errors and omissions in the presentation. Due to these, interesting relationships between the certainty and uncertainty solutions to the problem of bank credit expansion in response to a change in reserves have not been examined. Of major policy interest are the various results relating optimal expansion to the magnitudes of the different parameters. (Author)

Descriptors :   (*BANKING, MATHEMATICAL MODELS), (*MANAGEMENT PLANNING AND CONTROL, OPTIMIZATION), DECISION MAKING, PARTIAL DIFFERENTIAL EQUATIONS, ECONOMICS, TRANSFORMATIONS, COSTS

Subject Categories : Administration and Management
      Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE