Kim, Jung Sik; Oh, Yonghyup - East Asian Bureau of Economic Research (EABER) - 2007
exchange rate arrangement that would reduce regional exchange volatility by half would increase intra-FDI inflows by around 10 … instability, and openness, in determining intra-FDI inflows in the ASEAN countries, China, Japan, and Korea. Our empirical results … show that openness, exchange rates, exchange rate volatility, per capita GDP, and foreign reserve accumulation are …