Aizenman, Joshua; Cheung, Yin-Wong; Qian, Xingwang - National Bureau of Economic Research - 2021
economies (EMEs) on firm investment in the presence of global financial shocks. Using firm level data from 46 EMEs from 2000 to … 2018, we document four findings. First, active IRM positively affects firm investment - the effect strengthens with the … the positive IRM effect on firm investment. Fourth, the policies of capital controls and exchange rate managements are …