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Globalization of the world economy : what happened in 1985?
Kleinert, Jörn - 2000
This paper brings forward a three-country model to analyze the internationalization process in the age of globalization …
Persistent link: https://www.econbiz.de/10011476519
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The Search for Yield and the Size Premium in Emerging Market Corporate Debt
Calomiris, Charles W. - 2018
Emerging market corporations have significantly increased their borrowing in international markets after the global financial crisis. We show that this expansion was led by large-denomination bond issuances (bonds with face values exceeding US$300 million, and often exceeding US$500 million)....
Persistent link: https://www.econbiz.de/10012906397
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Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence
Blanchard, Olivier J. - 2018
The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging-market policymakers however believe that inflows lead to credit booms and rising output, and the evidence appears to go their way. To...
Persistent link: https://www.econbiz.de/10012936779
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Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence
Blanchard, Olivier J. - 2016
The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising output, and the evidence appears to go their way. To...
Persistent link: https://www.econbiz.de/10013002152
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World Market Integration Through the Lens of Foreign Direct Investors
Albuquerque, Rui A. - 2014
). We construct a globalization measure that equals the share of explained variation in direct investment attributable to … global factors. We show that our globalization measure has increased steadily for developing and developed countries. For the … full sample of countries, the globalization measure rose by over ten-fold from 1985 to 1999. Furthermore, in recent years …
Persistent link: https://www.econbiz.de/10013039662
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Informal labor regulations, firm boundaries, and global sourcing
Bansal, Renu; Maiti, Dibyendu - 2024
This paper extends the global sourcing model with informal labor, which spawns reputation and legal costs for violating the rules and regulations imposed on foreign firms regarding accessing informal labor under integration. Under these circumstances, foreign firms, facing a higher cost than...
Persistent link: https://www.econbiz.de/10015069611
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The proximity-concentration trade-off in a dynamic framework
Yalçin, Erdal (contributor) - 2007
This paper presents a dynamic framework which implements risk as a continuous variable into the proximity-concentration trade-of concept. Additionally firms have the possibility to postpone their investment decision which gives them the possibility to collect further information about the...
Persistent link: https://www.econbiz.de/10003636467
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FDI and FPI : strategic complements?
Pfeffer, Barbara - 2008
We show in a dynamic investment setting whether firms choose FDI or international portfolio investment (FPI) in the presence of stochastic productivity taking into account differences in flexibility of both investments. Isolated FPI and FDI investments are compared to combined FPI and FDI...
Persistent link: https://www.econbiz.de/10003865729
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Uncertain productivity growth and the choice between FDI and export
Yalcin, Erdal - 2009
The underlying model analyzes the first time foreign market entry decision of a representative investor who can choose between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology and sheds light on the effects of productivity...
Persistent link: https://www.econbiz.de/10003883086
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Mitigation of foreign Direct investment risk and hedging
Wahl, Jack E.; Broll, Udo - 2009
Instruments of risk mitigation play an important role in managing country risk within the foreign direct investment (FDI) decision. Our study assesses country risk by state-dependent preferences and introduces futures contracts as a tool of risk mitigation. We show that country risk assessments...
Persistent link: https://www.econbiz.de/10003941158