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

Authors

  • Eduardo Corso Central Bank of Argentina; University of Buenos Aires, Argentina

Keywords:

Harry Markowitz, Higher-Order Moments Approach To Portfolio Selection, James Tobin, Liquidity Preference, Mean-Variance Approach, Money Demand, Monetary Theory, Portfolio Theory

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.

JEL classification: E41 ; G11

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Published

2013-06-01

How to Cite

Corso, E. (2013) “Cross fertilizations and Controversies in the Origins and Evolution of Portfolio Selection Models”, Ensayos Económicos, (68), pp. 43–74. available at: https://investigacionesconomicas.bcra.gob.ar/ensayos_economicos_bcra/article/view/169 (accessed: 30 April 2025).

Issue

No. 68 (2013): Ensayos Económicos

Section

Articles