Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/60590
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dc.contributor.authorGoldberg, Lindaen_US
dc.date.accessioned2012-08-17T14:25:57Z-
dc.date.available2012-08-17T14:25:57Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/60590-
dc.description.abstractMany of the lessons from foreign direct investment (FDI) research on manufacturing and extractive resource industries are applicable to FDI research on the financial sector. This paper summarizes the main findings and policy themes of FDI research, with a primary focus on the implications of FDI for host countries, especially emerging market economies. I review evidence of technology transfers, productivity spillovers, wage effects, macroeconomic growth, and fiscal and tax concerns. Throughout this paper, I stress that parallel findings often arise from studies of general FDI and studies of financial-sector FDI. I also emphasize important differences between the effects of FDI in these sectors, especially with regard to local institution building and business cycles. These differences - more so than the similarities - should be the focus of research efforts.en_US
dc.language.isoengen_US
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen_US
dc.relation.ispartofseries|aStaff Report, Federal Reserve Bank of New York |x183en_US
dc.subject.jelF3en_US
dc.subject.jelF4en_US
dc.subject.ddc330en_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwKritiken_US
dc.titleFinancial-sector foreign direct investment and host countries: New and old lessonsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn389502995en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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