Buffer stock money and pecking order financing: Results from an interview study among Dutch firms
作者： Leo de Haan , Kees G. Koedijk , J. Erik J. de Vrijer
DOI: 10.1007/BF01431974
关键词: Demand curve 、 Central bank 、 Demand deposit 、 Interview study 、 Buffer stock scheme 、 Economics 、 Finance 、 Pecking order 、 Public finance
摘要: In the eighties The Netherlands has recorded a marked increase in quantity of money. This development was notably attended by rise money balances nonfinancial firms. an attempt to trace causes this development, Dutch central bank conducted large-scale survey 1991. results corroborate previous econometric research on disaggregate demand functions which identifies buffering profits as main cause increased holdings contribution is that it reveals pecking order financing behaviour firms important microeconomic reason for buffer stock mechanism firms' holdings.
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