An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment
Itay Goldstein; Assaf Razin;
jel: jel:F3 | jel:G3
The paper develops a model of foreign direct investments (FDI) and foreign portfolio investments (FPI).The model describes an information-based trade off between direct investments and portfolio investments. Direct investors are more informed about the fundamentals of t... View more
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