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Static Models of Bank Credit Expansion

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  • Brown, George F.
  • Lloyd, Richmond M.

Abstract

The problem considered in this paper is the optimal expansion or contraction of credit by a single bank in response to a change in its reserve account. Such a change is usually not of an exogenous nature when the entire operations of the bank are considered. Quite often, the change in the reserve position comes as a result of the bank's decision to engage in securities transactions, thereby changing its mix of reserves and securities without affecting the total asset position of the bank. We do not consider the overall portfolio selection problem faced by the bank; we assume that changes in the reserve account from such decisions are exogenous to our models.

Suggested Citation

  • Brown, George F. & Lloyd, Richmond M., 1971. "Static Models of Bank Credit Expansion," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 6(3), pages 995-1014, June.
    • Handle: RePEc:cup:jfinqa:v:6:y:1971:i:03:p:995-1014_02
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