Brooks, Robin; Sløk, Torsten; Kumar, Manmohan S.; … - International Monetary Fund (IMF) - 2001
This paper explores the ability of portfolio and foreign direct investment flows to track movements in the euro and the … yen against the dollar. Net portfolio flows from the euro area into U.S. stocks—possibly reflecting differences in … expected productivity growth—track movements in the euro against the dollar closely. Net FDI flows, which capture the recent …