This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with relatively more entry by multinational affiliates, as well as with higher...

The Jamaican Entrepôt -- Joining the International System -- Institutionalizing International Trade, 1867-1904 -- Colombia and the Emerging Latin American Market, 1904-1910 -- Internationalizing Banking and Insurance, 1886-1939 -- Tropical Oil and the Andian National Corporation, 1918-1945 --...

This paper evaluates the influence of host-country financial development on the global operations of multinational firms. Using detailed U.S. data, we provide evidence that host-country financial development increases entry by multinational affiliates, while also decreasing affiliate sales in...

This paper examines the role that macroeconomic policy management has played in the Malaysian development experience. Given the multiracial nature of Malaysian society, macroeconomic policy has not only been about economic stabilization, but also about addressing income disparities along racial...