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In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI … countries located outside the monetary union increase. Such flows are however not more likely be directed towards euro area …
Persistent link: https://www.econbiz.de/10011999066
the member countries. The initial hypothesis regarding the impact of euro launch in terms of Foreign Direct Investment … theory and empirical research like market size, labor cost, openness, technology, interest rate and introduction of the Euro …
Persistent link: https://www.econbiz.de/10011279846
concludes that the huge wave of FDI that reached the Eurozone after EMU was largely a manifestation of the end …-of-century takeover boom, a global phenomenon of which the euro was only a subsidiary cause. But much of the boom in euro economies' FDI … share of major economies' global FDI flows. However, the euro appears to have given a modest stimulus to inflows from other …
Persistent link: https://www.econbiz.de/10012716397
sample to euro area countries only. …
Persistent link: https://www.econbiz.de/10011647827
This paper studies the effect of the euro introduction on international FDI flows. Using country-pair data on 35 OECD … the euro on capital reallocation. In general, the euro exhibits no significant impact on FDI. However, the effect becomes … membership fosters FDI flows much more than the euro, increasing FDI flows by 55 to 166 percent. Among other FDI determinants …
Persistent link: https://www.econbiz.de/10009234156
last two waves of EU enlargement have had on Russia, as well as the role of the euro in Russia. The analysis suggests that … euro by Russian residents and authorities in international transactions has increased, albeit at an uneven pace. While, in … general, the US dollar remains the major foreign currency used by Russian residents, the euro has gained importance as an …
Persistent link: https://www.econbiz.de/10012750208
considering two main channels: the relative price channel (the euro boosted trade inside the Eurozone since it lowered the … relative price of traded goods coming from the Eurozone), and the newly-trade goods channel (the euro induced firms to export a …The introduction of the euro opens the door to a major advance in our understanding of how a common currency affects …
Persistent link: https://www.econbiz.de/10014216408
of the euro raises inward FDI by 14 to 16 percent within the euro area by 11 to 13 percent from non-member and weakly by … 8 percent to non-member countries. Moreover the geographical effects of the euro are explored. The results show partial … agglomeration tendencies for the euro area. There are also some indications of increased importance of vertical specialization in …
Persistent link: https://www.econbiz.de/10014080573
Over recent years, several euro area countries have registered large and persistent net foreign liabilities. This paper …) programme countries and, to a lesser extent, the euro area countries in central and eastern Europe. The net foreign liabilities … external positions of the euro area debtor countries are relatively low at the current juncture, although the burden could …
Persistent link: https://www.econbiz.de/10011732721
All explorations of the future of the Euro show serious risks for its survival in the present form. The road map of the … Five EU Presidents presented in 2015 is far from sufficient to reduce the risks of the Euro zone falling apart by Brexit … risk of the Euro‐area falling apart in a chaotic way, through further divergence in labor productivity, through new Banking …
Persistent link: https://www.econbiz.de/10011582732