Wealth and cash asset proportions
AbstractWhile the paper lacks an abstract, it argues that the proportion of a portfolio devoted to cash decreases as wealth grows. This is consistent with decreasing relative risk aversion and with a money demand that is normal, but not superior.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 19912.
Date of creation: Nov 1976
Date of revision:
Money demand; cash proportions; velocity of money; portfolio analysis;
Other versions of this item:
- E0 - Macroeconomics and Monetary Economics - - General
- A1 - General Economics and Teaching - - General Economics
- E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
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.:
- Milton Friedman, 1959.
"The Demand for Money: Some Theoretical and Empirical Results,"
National Bureau of Economic Research, Inc, number frie59-1, December.
- Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," Journal of Political Economy, University of Chicago Press, vol. 67, pages 327.
- Milton Friedman, 1959. "The Demand for Money: Some Theoretical and Empirical Results," NBER Chapters, in: The Demand for Money: Some Theoretical and Empirical Results, pages 1-29 National Bureau of Economic Research, Inc.
- Graves, Philip E, 1980.
"The Velocity of Money: Evidence for the U.K., 1911-1966,"
Western Economic Association International, vol. 18(4), pages 631-39, October.
- Graves, Philip E., 1980. "The velocity of money: evidence for the U.K. 1911-1966," MPRA Paper 19900, University Library of Munich, Germany.
- Graves, Philip E., 1979.
"Relative Risk Aversion: Increasing or Decreasing?,"
Journal of Financial and Quantitative Analysis,
Cambridge University Press, vol. 14(02), pages 205-214, June.
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