and the volatility of the main capital flows - foreign direct investment (FDI), portfolio investment, and foreign bank …

Economic theory provides two main explanations why changes in exchange rates can affect foreign direct investment (FDI …). According to a first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and … explanation, FDI reacts to exchange rate changes if output and factor markets are segmented, and if firm-specific assets are …

Does more FDI make the world a riskier place for workers? We analyze whether an increase in multinational firms …

the period 1989-2002. We find that German outward FDI increases in response to positive cyclical developments abroad and …

spillovers from multinationals to domestic firms justify pro- FDI policies. For the first time, we use firm-to-firm transaction … increase of about 8% three or more years after the event. Sales to other buyers, trade and customer quality also increase …

within and outside the province of entry, as well as production and trade costs. The results indicate that market and … transport infrastructure and informal trade barriers …

Markusen et al. (1996) model. When countries differ in relative factor endowments and trade costs are low, investment … liberalisation stimulates exports, whereas when countries are similar in terms of relative factor endowments and size, and trade …

within and outside the province of entry, as well as production and trade costs. The results indicate that market and … transport infrastructure and informal trade barriers …

spillovers from multinationals to domestic firms justify pro-FDI policies. For the first time, we use firm-to-firm transaction … increase of about 8% three or more years after the event. Sales to other buyers, trade and customer quality also increase …

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant … candidates actual values are still far below expected ones in most cases. Consequently, we anticipate rising capital and trade …