Optimal Bank Behavior under Uncertain Inflation

YORAM LANDSKRONER; DAVID RUTHENBERG

doi:10.1111/j.1540-6261.1985.tb02369.x

Optimal Bank Behavior under Uncertain Inflation

YORAM LANDSKRONER^*
, DAVID RUTHENBERG

^*Corresponding author for this work

BA Business Department

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

In this paper, we derive a model of the individual banking firm facing stochastic inflation. The bank is considered as a depository financial intermediary operating in the primary market as a multiproduct price discriminating firm. A secondary market is also considered where liquidity surpluses and deficits are traded. Two types of assets and liabilities are assumed: deposits and loans linked to a general price level and nonlinked instruments. Effects of changes in the parameters such as inflation rate and variability, reserve requirements are analyzed. 1985 The American Finance Association

Original language	English
Pages (from-to)	1159-1171
Number of pages	13
Journal	Journal of Finance
Volume	40
Issue number	4
DOIs	https://doi.org/10.1111/j.1540-6261.1985.tb02369.x
State	Published - Sep 1985

Access to Document

10.1111/j.1540-6261.1985.tb02369.x

Cite this

@article{c4180bb3b2e14c359dc4faf00c9104ed,

title = "Optimal Bank Behavior under Uncertain Inflation",

abstract = "In this paper, we derive a model of the individual banking firm facing stochastic inflation. The bank is considered as a depository financial intermediary operating in the primary market as a multiproduct price discriminating firm. A secondary market is also considered where liquidity surpluses and deficits are traded. Two types of assets and liabilities are assumed: deposits and loans linked to a general price level and nonlinked instruments. Effects of changes in the parameters such as inflation rate and variability, reserve requirements are analyzed. 1985 The American Finance Association",

author = "YORAM LANDSKRONER and DAVID RUTHENBERG",

year = "1985",

month = sep,

doi = "10.1111/j.1540-6261.1985.tb02369.x",

language = "אנגלית",

volume = "40",

pages = "1159--1171",

journal = "Journal of Finance",

issn = "0022-1082",

publisher = "Wiley-Blackwell Publishing Ltd",

number = "4",

}

TY - JOUR

T1 - Optimal Bank Behavior under Uncertain Inflation

AU - LANDSKRONER, YORAM

AU - RUTHENBERG, DAVID

PY - 1985/9

Y1 - 1985/9

N2 - In this paper, we derive a model of the individual banking firm facing stochastic inflation. The bank is considered as a depository financial intermediary operating in the primary market as a multiproduct price discriminating firm. A secondary market is also considered where liquidity surpluses and deficits are traded. Two types of assets and liabilities are assumed: deposits and loans linked to a general price level and nonlinked instruments. Effects of changes in the parameters such as inflation rate and variability, reserve requirements are analyzed. 1985 The American Finance Association

AB - In this paper, we derive a model of the individual banking firm facing stochastic inflation. The bank is considered as a depository financial intermediary operating in the primary market as a multiproduct price discriminating firm. A secondary market is also considered where liquidity surpluses and deficits are traded. Two types of assets and liabilities are assumed: deposits and loans linked to a general price level and nonlinked instruments. Effects of changes in the parameters such as inflation rate and variability, reserve requirements are analyzed. 1985 The American Finance Association

UR - https://www.scopus.com/pages/publications/48249107150

U2 - 10.1111/j.1540-6261.1985.tb02369.x

DO - 10.1111/j.1540-6261.1985.tb02369.x

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:48249107150

SN - 0022-1082

VL - 40

SP - 1159

EP - 1171

JO - Journal of Finance

JF - Journal of Finance

IS - 4

ER -

Optimal Bank Behavior under Uncertain Inflation

Abstract

Access to Document

Other files and links

Fingerprint

Cite this