Udomkerdmongkol, Manop; Morrissey, Oliver; Gorg, Holger - World Institute for Development Economic Research … - 2008
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...