theoretically that volatility in fundamental variables such as the nominal interest rate that drive exchange rate volatility can … investment on exchange rate volatility. It is the first paper to provide empirical evidence that interest rate volatility may …

theoretically that volatility in fundamental variables such as the nominal interest rate that drive exchange rate volatility can … investment on exchange rate volatility. It is the first paper to provide empirical evidence that interest rate volatility may …

negative correlations between exchange rate volatility and observed levels of foreign direct investment. Using a simple model … of cross-border mergers and acquisitions, it argues that the source of the volatility is important, as the covariance … of foreign multinational firms differs according to whether interest rate volatility generating exchange rate risk arises …