The Financial Firm: Production with Monetary and Nonmonetary Goods
The Financial Firm: Production with Monetary and Nonmonetary Goods
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金融公司：货币和非货币商品的生产
DOI：
10.1086/261339
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发表时间：
1985
影响因子：
8.2
通讯作者：
D. Hancock
中科院分区：
文献类型：
--
作者：
D. Hancock
金融企业的宏观经济理论是发展，是经验检验。金融公司是吸收存款的中介机构，发行自己的债务，银行就是例子。用户成本是从活期和定期存款等货币产品中得出的。从可变利润函数，需求和供应的货币和非货币商品的推导。纽约和新泽西银行的样本表明，生产中的规则性条件得到满足。金融技术对货币性商品的灵活性相对较低，但对非货币性商品的灵活性较低。
A macroeconomic theory of the financial firm is developed that is empirically testable. Financial firms are deposit-taking intermediaries issuing their own liabilities, exemplified by banks. User costs are derived for monetary goods such as demand and time deposits. From the variable profit function, demands for and supplies of monetary and nonmonetary goods are derived. A sample of New York and New Jersey banks indicates that regularity conditions in production are satisfied. The financial technology is relatively inflexible for monetary goods, but less so for nonmonetary goods.