101. ALTERNATIVE THEORIES AND TEST OF U.S. SHORT-TERM FOREIGN INVESTMENT.
- Author
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MILLER, NORMAN C. and WHITMAN, MARINA V. N.
- Subjects
FOREIGN investments ,MONETARY policy ,SHORT-term business financing ,FISCAL policy ,UNITED States economic policy - Abstract
The article focuses on alternative theories and tests of the U.S. short-term foreign investment. The article is based on a comparative analysis of estimates of the overflow of short-term capital from the United States based on alternative formulations of the explanatory model and on several different estimation techniques. It was found in the article's study that a restrictive monetary policy by the U.S. may not lessen the overflow of the U.S. short-term capital, even if foreign countries do not respond with tighter monetary policies of their own.
- Published
- 1973
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