Behaviors and Cash Inventories - The Example of Hungarian Post Offices

15 Pages Posted: 30 Apr 2008

See all articles by Dániel Havran

Dániel Havran

Corvinus University of Budapest - Institute of Finance

Date Written: April 26, 2008

Abstract

The paper shows a behavior driven cash management system. In Hungary, the Post Offices pays pensions in cash to retired people. Post Offices decide individually on their inventory strategy which affects the aggregate corporate cash needs and liquidity. The survey describes the inventory task and explores endogeous risks of behavior changes.

Keywords: Liquidity Management, Dynamic Programming, Postal Services

JEL Classification: G32, C61, L87

Suggested Citation

havran, daniel, Behaviors and Cash Inventories - The Example of Hungarian Post Offices (April 26, 2008). Available at SSRN: https://ssrn.com/abstract=1125902 or http://dx.doi.org/10.2139/ssrn.1125902

Daniel Havran (Contact Author)

Corvinus University of Budapest - Institute of Finance ( email )

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