Author: Bruce Mitchel KogutPublisher:
ISBN:
Category : Balance of trade
Languages : en
Pages : 23
Book Description
Direct Investment, Hysteresis, and Real Exchange Rate Volatility
Author: Bruce Mitchel KogutPublisher:
ISBN:
Category : Balance of trade
Languages : en
Pages : 23
Book Description
Exchange Rate Flexibility, Volatility, and the Patterns of Domestic and Foreign Direct Investment
Author: Joshua AizenmanPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 46
Book Description
The goal of this paper is to investigate the factors determining the impact of exchange rate regimes on the behavior of domestic investment and foreign direct investment (FDI), and the correlation between exchange rate volatility and investment. We assume that producers may diversify internationally in order to increase the flexibility of production: being a multinational enables producers to reallocate employment and production towards the more efficient or the cheaper plant. We characterize the possible equilibria in a macro model that allows for the presence of a short-run Phillips curve, under a fixed and a flexible exchange rate regime. It is shown that a fixed exchange rate regime is more conducive to FDI relative to a flexible exchange rate, and this conclusion applies for both real and nominal shocks. The correlation between investment and exchange rate volatility under a flexible exchange rate is shown to depend on the nature of the shocks. If the dominant shocks are nominal, we will observe a negative correlation, whereas if the dominant shocks are real, we will observe a positive correlation between exchange rate volatility and the level of investment.
Foreign Direct Investment, Exchange Rate Variability and Demand Uncertainity
Author: Linda S. GoldbergPublisher:
ISBN:
Category : Demand (Economic theory)
Languages : en
Pages : 40
Book Description
Real Exchange Rate and Hysteresis
Author: Michael A. JenkinsPublisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 8
Book Description
Real Exchange Rates and Hysteresis
Author: Michael A. JenkinsPublisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 0
Book Description
Strategic Foreign Investment and Endogenous Market Structure Under Exchange Rate Uncertainty
Author: David NickersonPublisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 28
Book Description
Foreign Direct Investment and Real Exchange Rate Volatility
Author: Bruce KogutForeign Direct Investment, Exchange Rate Variability and Demand Uncertainty
Author: Linda S. GoldbergInternational Finance and Trade
Author: Marshall SarnatPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 264
Book Description
Exchange Rate Economics
Author: Ronald MacDonaldPublisher: Routledge
ISBN: 1134838220
Category : Foreign exchange
Languages : en
Pages : 334
Book Description
''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""