Sectoral FDI and the Real Exchange Rate: The Role of Financial Development
Increasing FDI inflows into a booming sector resulting in an appreciation of the real exchange rate may entail further capital inflows and greater appreciation pressure on the real exchange rate up to an abrupt reversal of the capital (Botta, 2015). The macroeconomic instability of such boom-and-bus...
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| Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 28-2018) |
|---|---|
| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
2018
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| Subjects: | |
| Online Access: | PDF Full Text |
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MAGKS - Joint Discussion Paper Series in Economics