Dynamic portfolio adjustment and capital controls: a Euler equation approach.

A multiasset dynamic portfolio balance model is developed based on the maximization of an intertemporal utility function in consumption when investors perform under uncertainty, quadratic adjustment costs, and capital market regulations. Portfolio data of the German private sector for the period 19...

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Detalles Bibliográficos

Publicado en:	Southern Economic Journal Vol. 64; no. 4; pp. 902 - 922
Autores principales:	Broer, D. Peter, Jansen, W. Jos
Formato:	Artículo
Publicado:	Southern Economic Association April 1998
Materias:	Euler theorem Portfolio management (Investments) Moments method (Statistics) Foreign investments Securities Germany (West)
Acceso en línea:	Ver este registro en EBSCOhost