Skip to main content

Investment choice and asset allocation of Italian households: the discrete-continuous approach

Buy Article:

$53.17 plus tax (Refund Policy)

Abstract:

Financial and monetary policies are considered to be effective depending on the reaction of financial markets which are increasingly populated by households. In this article, from intertemporal settings, I derive a Financial Almost Ideal (FAI) Demand System and I estimate it by highlighting the determinants of both limited participation to financial markets and asset substitutability/complementarity in the allocating stage. Finally, the wealth elasticities provide some further insights on the low diffusion of the newer and more complex financial instruments across Italian households.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840802599800

Affiliations: Department of Economic and Institutions, University of Rome 'Tor Vergata', Rome, 00133 Italy

Publication date: March 1, 2011

More about this publication?
routledg/raef/2011/00000043/00000006/art00002
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more