Corpus ID: 14250056

Determinants of Capital Flows: A Cross-Country Analysis

@inproceedings{Ralhan2006DeterminantsOC,
  title={Determinants of Capital Flows: A Cross-Country Analysis},
  author={Mukesh Ralhan},
  year={2006}
}
There are two basic approaches to identifying the determinants of capital flows, viz. the traditional and the portfolio (or modern) approach. Although most econometric models have by now forsaken the traditional capital flow equations in favour of modelling financial linkages via arbitrage type interest rate parity relations, the importance of fundamentals in explaining particular capital flow developments cannot be denied (International Monetary Fund, 1992). This paper identifies the… Expand

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