Ahn, Young Seok; Adji, Slamet Seno; Willett, Thomas - In: International Economic Journal 12 (1998) 1, pp. 95-104
This study focuses on the effects of inflation and exchange rate policy on direct investment flows to developing countries. We find that inflation does have a substantial negative effect on capital inflows. Our estimates indicate that this effect can be significantly reduced, but not eliminated,...