Grossmann, Axel; Simpson, Marc W.; Brown, Cynthia J. - In: The Quarterly Review of Economics and Finance 49 (2009) 2, pp. 521-550
Analyzing inbound and outbound foreign direct investment (FDI) between the U.S. and seven developed countries over the period from 1994 to 2004, this study provides strong evidence for a positive relationship between aggregate FDI flows and a strengthening of a home currency. Further, taking...
