Melo, Marcos; Bilich, Feruccio - In: Journal of Economics and Finance 37 (2013) 2, pp. 240-252
Economic agents try to find out the composition of different forms of assets, and the amount of each, that maximizes total wealth. The money demanded by firms is a function of the benefits and costs of holding it considering other forms of assets. The money held in cash can be remunerated by...