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How does exposure to international markets affect returns and cash flow comovements? Foreign bond owners, lenders …
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This paper studies the effect of foreign direct investment (FDI) on the transmission of international business cycles … international business cycles with an essential role for FDI and shocks to multinational activity. In the model, more FDI openness …
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model of international business cycles that generates a positive link between the extent of vertically integrated production …
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