Article
Stochastic Reserve Losses
Economics
Document Type
Article
Publication Date
1-1-1967
Publisher
Omicron Delta Epsilon
Disciplines
Abstract
In an article in the September, 1961, issue of the A.merican Economic Review, Daniel Orr and W. G. Mellon introduced the notion of uncertainty into the well-known comparative static analysis of bank credit expansion. (1) This paper discusses their findings, the nature of their assumptions, and some possible extensions of their results.
Comments
Copyright © 1967 Omicron Delta Epsilon. All rights reserved.
Citation Information
Birch, Eleanor M., and John Heineke. "Stochastic Reserve Losses." The American Economist 11.1 (1967): 20-28.