The portfolio selection approach and short-run econometric-models of capital flows and the foreign-exchange market - a theoretical-analysis

McGregor, P.G. (1981) The portfolio selection approach and short-run econometric-models of capital flows and the foreign-exchange market - a theoretical-analysis. Journal of Economic Studies, 8 (2). pp. 3-24. ISSN 0144-3585 (http://dx.doi.org/10.1108/eb002524)

Full text not available in this repository.Request a copy

Abstract

This study attempts to provide a systematic theoretical analysis of the portfolio selection approach to the determination of inter-regional and international capital flows, and to identify the implications of this analysis for the appropriate specification of short-run econometric models of the foreign exchange market.