This paper studies the heterogeneous response across countries of local currency interest rates to foreign and domestic factors, thus contributing to the discussion on the policy trilemma in international economics. On average, floaters appear to be less affected by the U.S. in the short run (up...

International business research has long acknowledged the importance of regional factors for foreign direct investment (FDIʺ) by multinational corporations (MNCsʺ). However, significant differences when defining these regions obscure the analysis about how and why regions matter. In response,...