We explore entry into a foreign market with uncertain demand growth. A multinational can serve the foreign demand by two modes, or by a combination thereof: it can export its products, or it can create productive capacity via Foreign Direct Investment. The advantage of FDI is that it allows for...

Introduction. The Greek economy before and during the crisis--and policy options going forward / Costas Meghir, Christopher A. Pissarides, Dimitri Vayanos, and Nikolaos Vettas -- The macroeconomics of the crisis. Greece and the Euro / George-Marios Angeletos and Harris Dellas ; The challenge of...