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Liquidity, Institutional Quality and the Composition of International Equity Outflows

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NBER2008-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13723
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We examine the choice between Foreign Direct Investment and Foreign Portfolio Investment at the level of the source country. Based on a theoretical model, we predict that (1) source countries with higher probability of aggregate liquidity crises export relatively more FPI than FDI, and (2) this
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2008-01-01
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