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http://hdl.handle.net/10419/41094
  
Title:Foreign direct investment and exchange rate regimes PDF Logo
Authors:Busse, Matthias
Hefeker, Carsten
Nelgen, Signe
Issue Date:2010
Series/Report no.:Volkswirtschaftliche Diskussionsbeiträge // Universität Siegen, Fachbereich Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht 141
Abstract:The paper uses a comprehensive data set with bilateral direct investment flows and establishes the influence of the de-facto exchange rate regime for FDI flows. We find a strong and significant effect from fixed rates on bilateral FDI flows in developed economies, but no significant effect for developing countries. There is thus no general and uniform impact of stable exchange rates on FDI. We provide several possible explanations for this difference.
Subjects:Foreign Direct Investment
multinational enterprises
exchanges rate regimes
JEL:F21
F23
O24
Document Type:Working Paper
Appears in Collections:Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen

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