STATIC MODELS OF BANK CREDIT EXPANSION,

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)

Document Details

Document Type
Technical Report
Publication Date
Sep 23, 1969
Accession Number
AD0703925

Entities

People

  • George F. Brown Jr.
  • Richmond M. Lloyd

Organizations

  • Center for Naval Analyses

Tags

Readers

  • Adaptive Control and Estimation with Uncertainty in Dynamic Systems.
  • Military Mobilization and Reserve Forces Studies.
  • Systems Analysis and Design