| Titre | Les choix de portefeuille des ménages quel partage de la liquidité ? | |
|---|---|---|
| Auteur | Jean-Marie Rousseau, Eric Bleuze | |
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Revue | Economie et prévision |
| Numéro | no 90, 1989/4 Patrimoins, dettes, taux d'intérêt | |
| Rubrique / Thématique | Patrimoines, Dettes, Taux d'intérêt |
|
| Page | 45-56 | |
| Résumé anglais |
The Households' Portfolio Choices: the Distribution of Liquidities (1970-1987),
by Eric Bleuze, Jean-Marie Rousseau.
This article discusses the results of the theoretical model of portfolio choice with adjustment costs in case of uncertain prospects; then the model is applied to French data (Terf) for the 1970-1987 period, in order to explain how households' liquid financial wealth is distributed. The article arises the following questions: which influence do returns play on the choice of liquid assets held by households; how do households perceive the adjustment costs: are they the same for the different kinds of liquid assets considered? Which is the weight of institutional variables, especially those related with regulated products such as saving accounts offering tax benefits or time deposits? Does the substitution effect between assets result in lumping together certain liquid assets which could be similar in nature, or do households think they are very different from one another? Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1989_num_90_4_5122 |
