Carcano, Nicola (contributor) - 2004 - [Elektronische Ressource]
hypothesis admit arbitrage, whereas McCulloch (1993),
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2.1.2. The liquidity preference hypothesis
The liquidity preference … the spirit of Markowitz (1959) and Sharpe (1964) could
support the liquidity preference hypothesis if the undiversifiable … them for leaving their preferred investment
horizon. Additionally, all justifications of the liquidity preference …