Książka = Book ; KS/1/1977/R02P05
Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences
[4], 219-232 stron ; 21 cm ; Bibliografia s. 232
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.
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Instytut Badań Systemowych Polskiej Akademii Nauk
Biblioteka Instytutu Badań Systemowych PAN
15 paź 2021
19 lip 2021
27
https://rcin.org.pl/publication/234566