PAIN, NIGEL; WELSUM, DESIRÉE VAN - In: Journal of Common Market Studies 41 (2003) 5, pp. 823-846
Theoretical and empirical studies show that the level and volatility of exchange rates can have significant effects on foreign direct investment (FDI). But the evidence is ambiguous, with the impact of exchange rates being heterogeneous across countries and types of investment, and varying over...