【ppt精品課件】貨幣金融學7版英文課件--ch22-大學課(編輯修改稿)
2025-01-21 13:29 本頁面
【文章內容簡介】 If keep all ine in cash 1. Yearly ine = $12,000 2. Average money balances = $1000/2 3. Velocity = $12,000/$500 = 24 Keep only 1/2 payment in cash 1. Yearly ine = $12,000 2. Average money balances = $500/2 = $250 3. Velocity = $12,000/$250 = 48 Tradeoff of keeping less cash 1. Ine gain = i ??$500/2 2. Increased transactions costs Conclusion: Higher is i and ine gain from holding bonds, less likely to hold cash: Therefore i ?, Md ??7 169。 2023 Pearson Education Canada Inc. Cash Balance in BaumolTobin Model 8 169。 2023 Pearson Education Canada Inc. Precautionary and Speculative Md Precautionary Demand Similar tradeoff to BaumolTobin framework 1. Benefits of precautionary balances 2. Opportunity cost of interest foregone Conclusion: i ?, opportunity cost ?, hold less precautionary balances,
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