Since World War II six risk-sharing institutions to stimulate foreign investment have been established by the U …

the pricing of default risk. Inalienability implies that it is not as advantageous to expropriate FDI relative to other … flows. These features combine to give a risk sharing advantage to FDI over other capital flows. This risk sharing advantage … and country risk ratings to measure financing constraints, I present new evidence linking FDI and financing constraints …