Arbeitspapier
Exchange rates and outward foreign direct investment: US FDI in emerging economies
The paper investigates the impact of exchange rates on US foreign direct investment (FDI) flows to a sample of 16 emerging market countries using annual panel data for the period 1990-2002. Three separate exchange rate effects are considered: the value of the local currency (a cheaper currency attracts FDI); expected changes in the exchange rate (expected devaluation implies FDI is postponed); and exchange rate volatility (discourages FDI). The results reveal a negative relationship between FDI and more expensive local currency, the expectation of local currency depreciation, and volatile exchange rates. Stable exchange rate management can be important in attracting FDI.
- ISBN
-
|a978-92-9230-158-3
- Sprache
-
Englisch
- Erschienen in
-
Series: WIDER Research Paper ; No. 2008/102
- Klassifikation
-
Wirtschaft
Investment; Capital; Intangible Capital; Capacity
Foreign Exchange
- Thema
-
exchange rate
FDI
foreign exchange
Direktinvestition
Amerikanisch
Wechselkurs
USA
Schwellenländer
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Udomkerdmongkol, Manop
Morrissey, Oliver
Görg, Holger
- Ereignis
-
Veröffentlichung
- (wer)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (wo)
-
Helsinki
- (wann)
-
2008
- 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Udomkerdmongkol, Manop
- Morrissey, Oliver
- Görg, Holger
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2008
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