Poelhekke, Steven - CESifo - 2011
countries, rather than for its international clients, and on the literature on foreign direct investment (FDI), which emphasizes … significant costs of investment. Using a new detailed data set of non-stationary sector-level outward FDI, this paper finds that … the volume of FDI by home market banks boosts FDI by non-financial firms from the same home market. Domestic and third …