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
Englisch

Erschienen in
Series: Tinbergen Institute Discussion Paper ; No. 16-098/VIII

Klassifikation
Wirtschaft
Multinational Firms; International Business
Financial Aspects of Economic Integration
Economic Growth of Open Economies
Economic Growth and Aggregate Productivity: General
Thema
foreign direct investment
financial globalization
banks

Ereignis
Geistige Schöpfung
(wer)
Poelhekke, Steven
Ereignis
Veröffentlichung
(wer)
Tinbergen Institute
(wo)
Amsterdam and Rotterdam
(wann)
2016

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Poelhekke, Steven
  • Tinbergen Institute

Entstanden

  • 2016

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