Credit Conditions and Foreign Direct Investment During the Global Financial Crisis / Desbordes, Rodolphe
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Publisher: Washington, D.C : The World Bank, 2014Description: Online-Ressource (27 p)Additional physical formats: Desbordes, Rodolphe: Credit Conditions and Foreign Direct Investment During the Global Financial Crisis Online resources: Summary: This paper investigates the effect that tight credit conditions had on outward foreign direct investment flows during the 2008-2010 global financial crisis. A difference-in-differences approach is used to isolate a "credit channel" impact of the global financial crisis on foreign direct investment. The global financial crisis had a stronger negative impact on the relative volume of outward foreign direct investment in financially vulnerable sectors in more financially developed countries, especially if these countries also experienced a banking crisis. These results suggest that lack of access to external finance can partly explain the drop in foreign direct investment during the global financial crisisPPN: PPN: 834984482Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBLNo physical items for this record
2014. (World Bank eLibrary) |2014||||||||||