Skip to main content
SpringerLink
Log in

The Optimal Sharing Money-Bond in the Portfolio: The Random Characteristics Approach

  • Conference paper
Monetary Theory and Policy

Part of the book series: Studies in Contemporary Economics ((CONTEMPORARY))

Abstract

When CLOVER (1967) establishes the existence of the double constraints in the consumer objective he recalled the double function which is fulfilled by money as medium of exchange (income constraint) and as store of value (expenditure constraint).

I am very indebted to the Professor De Boissieu and P. Artus for their encouragements to carry on my investigations in this subject. Many thanks also to Professor C. Crampes for his helpful comments.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Similar content being viewed by others

References

  • Aftalon, F. & Viallet, C. (1977) — Théorie du portefeuille. Analyse du risque et de la rentabilité. Paris, P.U.F.

    Google Scholar 

  • Artus, P. & Rousseau, J.M. (1987) — “Valorisation des caractéristiques qualitatives des obligations” Communication au Colloque de l’A.E.A. sur les modèles monétaires et financiers. Genève. 23 et 24 janvier.

    Google Scholar 

  • Bourguinat, H. (1987) — Les vertiges de la finance internationale. Paris, Economica.

    Google Scholar 

  • Clower, R. (1967) — “A Reconsideration of the Microfoundations of Monetary Theory”, Western Economic Journal, December; réimprimé in CLOWER Ed. — Monetary Theory, Hardmonds worth, Penguin (1969).

    Google Scholar 

  • Davidson, P. (1973) — Money and the Real World, London MacMillan.

    Google Scholar 

  • Fisher, D. (1978) — Monetary Theory and the Demand for Money. London, Martin Robertson & Co.Ltd.

    Google Scholar 

  • Laffont, I.J. (1985) — Cours de théorie microéconomique: 2 -Economie de l’incertitude et de l’information. Paris, Economica.

    Google Scholar 

  • Lancaster, K. (1966) — “A New Approach to Consumer Theory”, Journal of Political Economy. Avril.

    Google Scholar 

  • Rousseau, J.M. (1984) -“Services monétaires et choix de portefeuille: le cas de deux actifs.” Document de travail, Université de Bordeaux I, multigraphié, 40 p.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Université de Bretagne Occidentale, 12, rue de Kergoat, B.P 331, 29273, Brest Cedex, France

    Jean-Marie Rousseau

Authors
  1. Jean-Marie Rousseau
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Faculty of Economics, University of Aix-Marseille II, 13621, Aix en Provence, Cedex, France

    Didier Laussel (Professor of Economics) & Antoine Soubeyran (Professor of Economics) (Professor of Economics) &  (Professor of Economics)

  2. Faculty of Economics, University of Orleans, BP 6749, 45067, Orleans, Cedex 2, France

    William Marois (Professor of Economics) (Professor of Economics)

Rights and permissions

Reprints and permissions

Copyright information

© 1988 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Rousseau, JM. (1988). The Optimal Sharing Money-Bond in the Portfolio: The Random Characteristics Approach. In: Laussel, D., Marois, W., Soubeyran, A. (eds) Monetary Theory and Policy. Studies in Contemporary Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-74104-3_5

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-74104-3_5

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-50322-4

  • Online ISBN: 978-3-642-74104-3

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation