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Matthias Busse, Carsten Hefeker and Signe Nelgen
 
''Foreign Direct Investment and Exchange Rate Regimes''
( 2013, Vol. 33 No.1 )
 
 
The paper uses a comprehensive data set with bilateral direct investment flows and establishes the influence of the de-facto exchange rate regime for FDI flows. We find a strong and significant effect from fixed rates on bilateral FDI flows in developed economies, but no significant effect for developing countries. There is thus no general and uniform impact of stable exchange rates on FDI. We provide several possible explanations for this difference.
 
 
Keywords: Foreign Direct Investment, Multinational Enterprises, Exchanges Rate Regimes
JEL: F2 - International Factor Movements and International Business: General
 
Manuscript Received : Nov 01 2012 Manuscript Accepted : Mar 27 2013

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