Jeanneret, Alexandre - Institut für Schweizerisches Bankwesen <Zürich> - 2007
This paper sheds light on the influence of exchange rate volatility on foreign direct investment (FDI), both at the … the period 1982-2002, is to provide evidence of a U-shaped relation between observed FDI flows and exchange rate …-options theory of a multinational, which contemplates FDI to relocate production abroad under a stochastic exchange rate. The model …