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Settlements, Bank for International - 2013

This BIS Paper (No. 68) is a collection of essays focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies. The collection draws on selected presentations made at the BIS-sponsored sessions at the Latin American and...

Persistent link: https://www.econbiz.de/10013088048

Exchange Rate as a Determinant of Foreign Direct Investment : Does It Really Matter? Theoretical Aspects, Literature Review and Applied Proposal

Ruiz, Isabel - 2014

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 invest...

Persistent link: https://www.econbiz.de/10013047115

Does Sovereign Risk in Local and Foreign Currency Differ?

Amstad, Marlene - 2018

Historically, sovereign debt in local currency has been considered safer than debt in foreign currency. Yet the literature offers scant theoretical or empirical guidance as to why such a gap exists, or why it appears to have slowly and steadily diminished for all regions over the past two...

Persistent link: https://www.econbiz.de/10012924033

Uncertainty Shocks, Capital Flows, and International Risk Spillovers

Akinci, Ozge; Kalemli-Ozcan, Sebnem; Queralto, Albert - National Bureau of Economic Research - 2022

Foreign investors' changing appetite for risk-taking have been shown to be a key determinant of the global financial cycle. Such fluctuations in risk sentiment also correlate with the dynamics of UIP premia, capital flows, and exchange rates. To understand how these risk sentiment changes...

Persistent link: https://www.econbiz.de/10013210054

Cross-border currency exposures : new evidence based on an enhanced and updated dataset

Bénétrix, Agustín; Gautam, Deepali; Juvenal, Luciana; … - 2020

This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods....

Persistent link: https://www.econbiz.de/10012224121

The Currency Composition of Asia’s International Investments

Halili, Paulo Rodelio; Mercado, Rogelio - 2023

This paper examines the importance of trade ties, macro-financial volatilities, and US dollar trade invoicing in explaining Asia’s international investment assets and liabilities denominated in world currencies, including the US dollar (USD), euro (EUR), pound sterling (GBP), Japanese yen...

Persistent link: https://www.econbiz.de/10014256782

The effects of export-oriented, FDI-friendly policies on the balance of payments in a developing economy : a general equilibrium investigation

Razmi, Arslan - 2006 - Revised version

Many developing countries have adopted investor-friendly policies in recent years in order to attract export-oriented foreign direct investment (FDI). The effects of these policies on the external accounts have been largely ignored. This paper endogenizes FDI inflows in a structuralist general...

Persistent link: https://www.econbiz.de/10011527415

Does foreign direct investment synchronise business cycles? : results from a panel approach

Fries, Claudia; Kappler, Marcus - 2013

A considerable degree of business cycle synchronization is key to a successful operating currency union. The European Monetary Union as well as many other countries strives to attract foreign direct investment (FDI) because of its reputation as being highly beneficial for the host economy. But...

Persistent link: https://www.econbiz.de/10010432451

Into the allocation puzzle : a sectoral analysis

Reinhardt, Dennis - 2010

productivity growth - is observed for foreign direct investment (FDI) flows, which should be particularly sensitive to productivity …, construction, mining/petroleum/utilities, and tourism sector. By contrast, we show that countries with faster productivity growth … role for financial openness: a country with fast productivity growth draws in more FDI into its service sectors only when …

Persistent link: https://www.econbiz.de/10008758917

Into the allocation puzzle : a sectoral analysis

Reinhardt, Dennis - 2010

productivity growth - is observed for foreign direct investment (FDI) flows, which should be particularly sensitive to productivity …, construction, mining/petroleum/utilities and tourism sector. By contrast, we show that countries with faster productivity growth in … financial openness: a country with fast productivity growth draws in more FDI into its service sectors only when it is …

Persistent link: https://www.econbiz.de/10008759323

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