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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
Though China's share of world trade is comparable to that of Japan, little is known about the response of China's trade … are based on proxies for prices from other countries. Second, the estimation sample includes the period of China … empirical model explaining the shares of China's exports and imports in world trade in terms of the real effective value of the …
Persistent link: https://www.econbiz.de/10014057725
China and ASEAN-4 (Indonesia, Malaysia, the Philippines and Thailand). The empirical results generally support the …
Persistent link: https://www.econbiz.de/10012729600
and foreign direct investment (FDI) inflows in China. The justification is that the undertaken topic is preeminent for … devising strategies to promote economic development, thus, a course that carries much at stake not only for China but also for … of China are analyzed. The main empirical results indicate that a change in exchange rates negatively affects FDI inflows …
Persistent link: https://www.econbiz.de/10013246126
and foreign direct investment (FDI) inflows in China. The justification is that the undertaken topic is preeminent for … devising strategies to promote economic development, thus, a course that carries much at stake not only for China but also for … of China are analyzed. The main empirical results indicate that a change in exchange rates negatively affects FDI inflows …
Persistent link: https://www.econbiz.de/10012237231
This paper argues that China's exchange rate policy played a critical role in its FDI boom. Devaluation of the Yuan … (Renminbi) and the policy of pegging the Yuan to the Dollar both improved China's competitiveness in attracting Foreign Direct … Japanese direct investment in China. The devaluation of the Yuan substantially enhanced inflows of direct investment from Japan …
Persistent link: https://www.econbiz.de/10014061589
Persistent link: https://www.econbiz.de/10013550626
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
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
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