Does the Single Currency Affect Foreign Direct Investment?

Does the creation of the euro partly explain the sharp increase in European investments? To address this question, we derive a simple gravity-like model for bilateral foreign direct investment (FDI). Using this model, we find that the Economic and Monetary Union (EMU) has increased intra-EMU FDI sto...

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Veröffentlicht in:	The Scandinavian journal of economics 2011-09, Vol.113 (3), p.553-578
Hauptverfasser:	de Sousa, José, Lochard, Julie
Format:	Artikel
Sprache:	eng
Schlagworte:	Bilateralism Economic and Monetary Union Economic models Economic theory Estimators Euro Euro Zone Europe European Monetary Union F15 F21 F33 Financial investments Foreign direct investment Foreign direct investments Foreign investment gravity model Gravity models Gross domestic product Host country Humanities and Social Sciences International monetary economics Investment analysis Investment policy monetary union Multilateralism Studies Transaction costs
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