Exchange rates have been changed unusually large these days. From 2011 to 2016, the Euro and the Japanese Yen have depreciated against the US Dollar by more than 25 percent. According to a theory, since competitively valued exchange rate helps to boost export growth, we should have observed a...

This paper examines the impact of labor market regulations on FDI and employment and production of the foreign firms using an index on employment protection along with a number of employees and establishments, and production of foreign affiliates provided by the OECD. The empirical results show...

This report analyzes the impact of foreign investment on the exit and sales of domestic firms, using 2006-2013 Korean firm-level data. The results show that the crowding-out and market-stealing effects are more severe for small firms. While foreign firms drive small domestic firms out of the...