haku: @indexterm European Monetary System / yhteensä: 608
viite: 11 / 608
| Tekijä: | Schiavo, S. |
| Otsikko: | Common currencies and FDI flows |
| Lehti: | Oxford Economic Papers
2007 : JUL, VOL. 59:3, p. 536-560 |
| Asiasana: | currency EMU European monetary system foreign investment monetary policy OECD |
| Vapaa asiasana: | FDI |
| Kieli: | eng |
| Tiivistelmä: | This article examines how EMU has influenced on foreign direct investment flows. Exchange rate uncertainty has a negative effect on cross-border investment flows; therefore, increase in international investments could be expected from fixing the exchange rates. Using a gravity model on a sample of OECD countries, this hypothesis is confirmed. The currency union boosts FDI. Besides eliminating the exchange rate uncertainty, the same currency seems to have other positive effects as well. |
SCIMA