The Transactions Demand for Cash: An Inventory Theoretic Approach

TLDR

The paper introduces the transaction demand for cash. The authors present a simple inventory‑theoretic model of cash demand. The model yields insights into cash demand and its alignment with empirical observations. Additional metadata is available in the full text.

Abstract

Introduction, 545. — I. A simple model, 545. — II. Some consequences of the analysis, 549. — III. The simple model and reality, 552.