Feltenstein, Andrew; Rochon, Céline; Shamloo, Maral - In: Journal of Development Economics 91 (2010) 1, pp. 25-36
This paper analyzes certain policies that are typical of a number of rapidly growing East Asian countries in which a fixed exchange rate, combined with a surplus labor market, has made domestic assets relatively inexpensive, generating high rates of FDI as well as domestic capital formation....
