Abstract
Theories of the demand for money that emphasize the role of money as a store of value are called asset or portfolio theories. These theories stress that people hold money as part of their portfolio of assets and predict that the demand for money depends on the return and risk offered by money and by other assets that people can hold instead of money.
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© 2001 Springer Science+Business Media New York
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Serletis, A. (2001). Portfolio Theories of Money Demand. In: The Demand for Money. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3320-4_7
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DOI: https://doi.org/10.1007/978-1-4757-3320-4_7
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4757-3322-8
Online ISBN: 978-1-4757-3320-4
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