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)

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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.

ORCID iDs

McGregor, P.G. ORCID logoORCID: https://orcid.org/0000-0003-1221-7963;