Wealth and cash asset proportions

Philip Graves ()

MPRA Paper from University Library of Munich, Germany

Abstract: While 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.

Keywords: Money demand; cash proportions; velocity of money; portfolio analysis (search for similar items in EconPapers)
JEL-codes: A1 E0 E4 E41 (search for similar items in EconPapers)
Date: 1976-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://mpra.ub.uni-muenchen.de/19912/1/MPRA_paper_19912.pdf original version (application/pdf)

Related works:
Journal Article: Wealth and Cash Asset Proportions (1976)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19912

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