LAUSR

Corporate Money Demand

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0 Published in 2020 at "Review of Financial Studies"

DOI: 10.1093/rfs/hhaa083

Abstract: We document a hump-shaped relation between corporate cash and both real and nominal interest rates in both aggregate and firm-level data. We rationalize this result in a model where firms finance investment with cash and… read more here.

Keywords: corporate money; money demand; cash; interest rates ... See more keywords