This paper empirically investigates the various effects that source and destination countries'
financial development (SFD and DFD respectively) have on foreign direct investment (FDI) …

We examine the effects of political uncertainty on cross-border capital flows using election
timing as a source of fluctuations in political uncertainty. FDI flows from US companies to …

The literature on the benefits and costs of financial globalization for developing countries
has exploded in recent years, but along many disparate channels with a variety of …

This paper analyzes the capital structures of foreign affiliates and internal capital markets of
multinational corporations. Ten percent higher local tax rates are associated with 2.8 …

We test whether capital account liberalization led to higher economic growth using de jure
measures of capital account and financial current account openness for 94 nations, from …

This article examines how financial constraints and product market exposures determine the
response of multinational and local firms to sharp depreciations. US multinational affiliates …

To examine the effect of foreign direct investment, this paper compares the post-acquisition
performance changes of foreign-and domestic-acquired firms in China. Unlike previous …

Many prominent critics regard the international financial system as the dark side of
globalization, threatening disadvantaged nations near and far. But in The Next Great …

Policy makers in developing countries have increasingly pinned their hopes on bilateral
investment treaties (BITs) in order to improve their chances in the worldwide competition for …

There is growing support for taxes on short-term capital inflows in emerging markets, such
as the encaje adopted by Chile from 1991 to 1998. This paper assesses whether the …