Cross Fertilizations and Controversies in the Origins and Evolution of Portfolio Selection Models
AbstractThis paper describes the main cross fertilizations between monetary theory and portfolio theory, which characterized the origins and evolution of the latter. In addition, we explore the critics and controversies arising from the seminal works of Markowitz and Tobin, as well as the new generation of optimal portfolio models that emerged from these discussions.
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Bibliographic InfoArticle provided by Central Bank of Argentina, Economic Research Department in its journal Ensayos Económicos.
Volume (Year): 1 (2013)
Issue (Month): 68 (June)
Harry Markowitz; higher-order moments approach to portfolio selection; James Tobin; liquidity preference; mean-variance approach; money demand; monetary theory; portfolio theory;
Find related papers by JEL classification:
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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