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Does FDI guarantee the stability of international capital flows? Evidence from Malaysia

Bird, G and Rajan, RS (2002) Does FDI guarantee the stability of international capital flows? Evidence from Malaysia Development Policy Review, 20 (2). pp. 191-202.

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Abstract

The conventional wisdom is that crises are largely due to swings in short-term capital. Economies that finance their current account deficits mainly via foreign direct investment (FDI) are therefore seen as being less susceptible to a crisis. The analysis in this article, backed up by some empirical evidence drawn from Malaysia, challenges the casual presumption that the switch towards FDI alone will automatically imply that extreme capital instability will become a thing of the past.

Item Type: Article
Authors :
NameEmailORCID
Bird, Gg.bird@surrey.ac.ukUNSPECIFIED
Rajan, RSUNSPECIFIEDUNSPECIFIED
Date : 1 June 2002
Depositing User : Symplectic Elements
Date Deposited : 16 May 2017 15:08
Last Modified : 17 May 2017 14:32
URI: http://epubs.surrey.ac.uk/id/eprint/817556

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