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Exchange Rate as a Determinant of Foreign Direct Investment: Does it Really Matter? Theoretical Aspects, Literature Review and Applied Proposal
Ruiz, Isabel Cristina - In: REVISTA ECOS DE ECONOMÍA (2005)
Resumen:This paper re-examines the role of exchange rates as determinant of FDI. It extends the analysis to include the issue of how exchange rates determine the decision of invest in one country depending on whether the firm is deciding to invest on the country to service the local market or to...
Persistent link: https://www.econbiz.de/10011147576
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Analysis of an unannounced foreign exchange regime change
Khemraj, Tarron; Pasha, Sukrishnalall - Volkswirtschaftliche Fakultät, … - 2011
Starting in 2004 the Guyanese foreign exchange rate has been remarkably stable relative to earlier periods. This paper explores the reasons for the stability of the rate. First, the degree of concentration in the foreign exchange market has increased, thus making the task of moral suasion...
Persistent link: https://www.econbiz.de/10011110737
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Sustainability of current account deficit with high oil prices: Evidence from Turkey
Özata, Erkan - In: International Journal of Economic Sciences 2014 (2014) 2, pp. 71-88
dependence of Turkish production and exports on imported intermediate goods. Another factor affecting the current account deficit …
Persistent link: https://www.econbiz.de/10011195075
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Exchange Rate as a Determinant of Foreign Direct Investment: Does it Really Matter? Theorical Aspects, Literature Review and Applied Proposal
Ruiz, Isabel Cristina - UNIVERSIDAD EAFIT - 2005
This paper re-examines the role of exchange rates as determinantof FDI. It extends the analysis to include the issue of how exchange rates determinethe decision of invest in one country depending on whether the firm is deciding toinvest on the country to service the local market or to invest on...
Persistent link: https://www.econbiz.de/10010762836
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Home Bias in Open Economy Financial Macroeconomics
Rey, Helene; Coeurdacier, Nicolas - National Bureau of Economic Research (NBER) - 2011
Home bias is a perennial feature of international capital markets. We review various explanations of this puzzling phenomenon highlighting recent developments in macroeconomic modelling that incorporate international portfolio choices in standard two-country general equilibrium models. We refer...
Persistent link: https://www.econbiz.de/10009395459
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Is Home Bias in Assets Related to Home Bias in Goods?
van Wincoop, Eric; Warnock, Francis E. - National Bureau of Economic Research (NBER) - 2006
Obstfeld and Rogoff (2000) have reinvigorated an old literature on the link between home bias in the goods market and … home bias in the asset market by arguing that trade costs in the goods market can account for the observed portfolio home … the implied home bias are close to zero, casting significant doubt on a meaningful link between home bias in the goods and …
Persistent link: https://www.econbiz.de/10005710854
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Is Real Exchange Rate Hedging Motive Still Important in Determining Equity Home Bias?
Stewen, Iryna - Verein für Socialpolitik - VfS - 2014
The majority of general equilibrium models of international portfolio holdings differ substantially in their modeling procedures but typically feature a term that captures the relationship between real exchange rate changes and relative, i.e. home vs. foreign, equity market returns. However,...
Persistent link: https://www.econbiz.de/10011163971
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A Portfolio Approach to a Cross-sectoral and Cross-National Investment Strategy in Transition Economies
Buiter, Willem H.; Lago, Ricardo; Rey, Hélène - C.E.P.R. Discussion Papers - 1997
international terms of trade, shocks to the relative price of traded and non-traded goods, domestic and foreign interest rates … provisioning rules from the perspective of portfolio theory. …
Persistent link: https://www.econbiz.de/10005661678
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SECURITIES MARKETS AND SOCIAL CAPITAL INTEGRATION IN AFRICA: RISKS AND POLICY OPTIONS
NWAOBI, GODWIN - EconWPA - 2005
The need to develop securities market has, following the recent international financial crises, increasingly attracted …
Persistent link: https://www.econbiz.de/10005561601
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Uncertainty About the Fundamentals and the Occurrence of Sudden Stops of Capital Flows : Theory and Empirics
Köhler-Geib, Friederike (Fritzi) N. - 2009
We analyse the effect of the uncertainty about the fundamentals on the probability of sudden stops of capital flows from a theoretical and empirical perspective. Our model predicts that the probability of crises increases with the uncertainty, ie. the dispersion of private signals about the true...
Persistent link: https://www.econbiz.de/10012721410