Foreign direct investment and exchange rate regimes

Matthias Busse, Carsten Hefeker, and Signe Nelgen

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. -- Foreign Direct Investment ; Multinational Enterprises ; Exchanges Rate Regimes

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Year of publication:	2010
Authors:	Busse, Matthias ; Hefeker, Carsten ; Nelgen, Signe
Publisher:	Marburg : Univ., Dep. of Business Administration & Economics
Subject:	Auslandsinvestition \| Foreign investment \| Wechselkurssystem \| Exchange rate regime \| Internationale Wirtschaftsbeziehungen \| International economic relations \| Schätzung \| Estimation \| Vergleich \| Comparison \| Industrieländer \| Industrialized countries \| Entwicklungsländer \| Developing countries

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Extent:	Online-Ressource (28 S.)
Series:	Joint discussion paper series in economics : publ. by the Universities of Aachen, Gießen, Göttingen, Kassel, Marburg, Siegen. - Marburg : Philipps University Marburg, Department of Business Administration & Economics, ISSN 1867-3678, ZDB-ID 2499212-4. - Vol. 15-2010
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen : Acrobat Reader
Other identifiers:	hdl:10419/56560 [Handle]
Classification:	F21 - International Investment; Long-Term Capital Movements ; F23 - Multinational Firms; International Business ; O24 - Trade Policy; Factor Movement Policy; Foreign Exchange Policy
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003962968