Sectoral Composition of Foreign Direct Investment and External Vulnerability in Eastern Europe

Sectoral Composition of Foreign Direct Investment and External Vulnerability in Eastern Europe
In the run up to the global crisis, countries in Central Eastern and Southeastern Europe attracted large capital inflows and some of them built up large external imbalances. This paper investigates whether these imbalances are linked to the sectoral composition of FDI. It shows that FDI in the tradable sectors leads to an improvement of the... READ MORE...

Publication date: June 2011
ISBN 9781455263400
$18.00

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