Title:

Proceedings of the 3rd Italian-Polish conference on applications of systems theory to economy, management and technology: Białowieża, Poland, May 26-31, 1976 * Systems theory of economic * Influence of inflation on international commercial banking

Subtitle:

Książka = Book ; KS/1/1977/R02P05

Creator:

Mazzoleni, P.

Publisher:

Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences

Place of publishing:

Warszawa

Date issued/created:

1977

Description:

[4], 219-232 pages ; 21 cm ; Bibliography p. 232

Type of object:

Book/Chapter

Abstract:

In this paper the dynamie capital asset pricing inodel is extended to the bank management. There were introduced transaction costs, different interest rates on borrowing and leading, which are considered as random entities. The utility function depends not only a These new conditions allows to derive a mutual fund theorem for a noninflationery market which separates doinestic and foreign management decisions according to their degree of correlation. . . . . A model of an international banking activities are considenal in the paper. The model takes into account transaction costs, ciifferent interest rates on borrowing and lending, which are considered as random entities. The utility function depend not only on domestic consumption levels but also on capital investments.

Relation:

Książka = Book

Resource type:

Text

Detailed Resource Type:

Book

Source:

KS-1977-01-R02P05

Language:

eng

Language of abstract:

eng

Rights:

Creative Commons Attribution BY 4.0 license

Terms of use:

Copyright-protected material. [CC BY 4.0] May be used within the scope specified in Creative Commons Attribution BY 4.0 license, full text available at: ; -

Digitizing institution:

Systems Research Institute of the Polish Academy of Sciences

Original in:

Library of Systems Research Institute PAS

Projects co-financed by:

Operational Program Digital Poland, 2014-2020, Measure 2.3: Digital accessibility and usefulness of public sector information; funds from the European Regional Development Fund and national co-financing from the state budget.

Access:

Open