Cross Fertilizations and Controversies in the Origins and Evolution of Portfolio Selection Models

This 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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Year of publication:	2013
Authors:	Corso, Eduardo Ariel
Published in:	Ensayos Económicos. - Banco Central de la República Argentina, ISSN 0325-3937. - Vol. 1.2013, 68, p. 43-74
Publisher:	Banco Central de la República Argentina
Subject:	Harry Markowitz \| higher-order moments approach to portfolio selection \| James Tobin \| liquidity preference \| mean-variance approach \| money demand \| monetary theory \| portfolio theory

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Extent:	application/pdf
Type of publication:	Article
Classification:	E41 - Demand for Money ; G11 - Portfolio Choice
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010704422