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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3831Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Udomkerdmongkol, Manop | - |
| dc.creator | Görg, Holger | - |
| dc.creator | Morrissey, Oliver | - |
| dc.date | 2006 | - |
| dc.date.accessioned | 2013-10-16T06:55:06Z | - |
| dc.date.available | 2013-10-16T06:55:06Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | Discussion papers in economics School of Economics, Nottingham 2006,05 | - |
| dc.identifier | http://hdl.handle.net/10419/3831 | - |
| dc.identifier | ppn:513783016 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3831 | - |
| dc.description | This paper investigates the impact of exchange rates on US Foreign Direct Investment (FDI) inflows to a sample of 16 emerging market countries using panel data for the period 1990-2002. Three variables are used to capture separate exchange rate effects. The nominal bilateral exchange rate to the $US captures the value of the local currency (a higher value implies a cheaper currency and attracts FDI). Changes in the real effective exchange rate index (REER) proxy for expected changes in the exchange rate: an increasing (decreasing) REER is interpreted as devaluation (appreciation) being expected, so that FDI is postponed (encouraged). The temporary component of bilateral exchange rates is a proxy for volatility of local currency, which discourages FDI. The results support the ‘Chakrabarti and Scholnick’ hypothesis that, ceteris paribus, there is a negative relationship between the expectation of local currency depreciation and FDI inflows. Cheaper local currency (devaluation) attracts FDI while volatile exchange rates discourage FDI. | - |
| dc.language | eng | - |
| dc.publisher | ISchool of Economics, Nottingham | - |
| dc.relation | Discussion papers in economics, School of Economics, Nottingham 2006,05 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | ddc:330 | - |
| dc.title | Foreign direct investment and exchange rates: A case study of US FDI in emerging market countries | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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