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

Eduardo Corso ()

Ensayos Económicos, 2013, vol. 1, issue 68, 43-74

Abstract: 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.

Keywords: Harry Markowitz; higher-order moments approach to portfolio selection; James Tobin; liquidity preference; mean-variance approach; money demand; monetary theory; portfolio theory (search for similar items in EconPapers)
JEL-codes: E41 G11 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:bcr:ensayo:v:1:y:2013:i:68:p:43-74

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