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TRANSFER PRICING IN A DEPOSIROTY FINANCIAL INTERMEDIARY: PROOF OF A CONJECTURE FOR THE CASE OF NORMALLY‐DISTRIBUTED CASH WITHDRAWALS *
Author(s) -
Schnabel J. A.
Publication year - 1981
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/j.1467-629x.1981.tb00123.x
Subject(s) - cash , conjecture , cash management , business , economics , finance , monetary economics , mathematics , pure mathematics
In an earlier paper, a source of gains from the centralization of a financial intermediary's management of its cash reserves was conjectured. This note presents a mathematical proof of the conjecture for the special case of normally‐distributed cash withdrawals.