Ibarra, Carlos A. - In: Economía Mexicana NUEVA ÉPOCA XXII (2013) 3, Cierre de época (I), pp. 65-99
exchange rate on Mexico’s private investment from 1988 through 2008, presenting two main results. First, while capital inflows … can potentially increase investment, in practice they may lower it, because, as capital flows in, the peso appreciates …. Second, although both FDI and portfolio inflows can increase investment, the effect from FDI is significantly smaller —in …