Name: Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (en Inglés)
Price: 25980.00 CLP
Availability: InStock
Author: Federal Reserve Board
ISBN: 9781503283503

portada Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (en Inglés)

Formato

Libro Físico

Autor

United States Federal Reserve Board

Editorial

Createspace Independent Publishing Platform

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

28.0 x 21.6 x 0.3 cm

Peso

0.14 kg.

ISBN13

9781503283503

Categorías

Macroeconomía

Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (en Inglés)

United States Federal Reserve Board (Autor) · Createspace Independent Publishing Platform · Tapa Blanda

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Origen: Estados Unidos (Costos de importación incluídos en el precio)

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Reseña del libro "Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (en Inglés)"

We examine the effects of government policy uncertainty on cross-border capital flows. FDI flows from US companies to foreign affiliates drop significantly during the period just before an election. The election effect for FDI is larger than election cycles in domestic investment. The electoral patterns in FDI flows are more pronounced in countries with higher propensities for policy reversals and when election outcomes are more uncertain. Our identification strategy compares variation in different types of capital flows into the same country around the timing of national elections. The electoral cycles are present in relatively irreversible FDI flows but not in foreign portfolio investment flows, suggesting a likely causal link from political uncertainty to and capital flows.