Buch, Claudia M.; Kleinert, Jörn - In: The World Economy 31 (2008) 9, pp. 1185-1207
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading> Changes in exchange rates affect countries through their impact on cross-border activities such as trade and foreign direct investment (FDI). With increasing activities of multinational firms, the FDI channel is likely to gain in importance. Economic theory provides two main...