Arbeitspapier
Financial Globalization and Foreign Direct Investment
This chapter provides a broad overview of the upward trends in financial globalization and foreign direct investment and asks whether and how financial globalization is linked with the foreign direct investment decisions of non-financial multinational enterprises. Several potential links and their empirical support in the recent literature are discussed: the elements of foreign direct investment that require (global) financial services; the role of trade credit; and the question whether banks follow their customers abroad. Finally, the effect of the recent financial crisis is discussed. It finds that financial globalization provides a reduction in broadly defined transaction costs which can boost both trade and foreign direct investment, at the costs of more exposure of the real economy to financial shocks.
- Sprache
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Englisch
- Erschienen in
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Series: Tinbergen Institute Discussion Paper ; No. 16-098/VIII
- Klassifikation
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Wirtschaft
Multinational Firms; International Business
Financial Aspects of Economic Integration
Economic Growth of Open Economies
Economic Growth and Aggregate Productivity: General
- Thema
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foreign direct investment
financial globalization
banks
- Ereignis
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Geistige Schöpfung
- (wer)
-
Poelhekke, Steven
- Ereignis
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Veröffentlichung
- (wer)
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Tinbergen Institute
- (wo)
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Amsterdam and Rotterdam
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Poelhekke, Steven
- Tinbergen Institute
Entstanden
- 2016