Driven by fast evolution in the money market during the past two decades, financial and
technological innovations, increasing competition, and internationalizing of businesses …

Cross-sectional data from four Surveys of Small Business Finance demonstrate that
economies of scale in money holding exist, that these economies appear to be increasing …

2.1. El campo de la gestión de tesorería en la empresa. 2.2. La gestión de tesorería en el
marco de la economía financiera y su interrelación con el resto de decisiones financieras …

This study examines the impact of cash flow instability on the firm demand for liquid assets.
The instability arises from foreign sources in the form of exchange rate variability and the …

This paper examines, using flow-of-funds data, the household and business demands for
money. Questions explored include whether the demand for money should be expressed in …

Despite the continued interest among macroeconomists in Keynes' finance motive for
holding liquid assets, very little empirical work has been done to support its existence. Since …

Using a translog cost function and Brazilian firm level data, this article examines the degree
of substitution between inputs. The two most important results of this analysis are that liquid …

The critical nature of the demand for cash balances by firms has generated a considerable
amount of theoretical and empirical research, although much controversy remains. The …

A simple money demand model for firms is chosen since there are many alternative
specifications in the empirical literature and the focus of this research is not model …