Stochastic Reserve Losses: A Rejoinder

Authors

John Heineke, Santa Clara UniversityFollow
Eleanor M. Birch

Document Type

Article

Publication Date

1967

Publisher

Omicron Delta Epsilon

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.

Recommended Citation

Birch, Eleanor M., and John Heineke. "Stochastic Reserve Losses: A Rejoinder." The American Economist 11.2 (1967): 60-61.