Mối quan hệ giữa tỷ giá và vốn đầu tư nước ngoài - Nghiên cứu trường hợp Việt Nam

Brooks, R., Edison, H., Kumar, M.S., Sløk, T. (2004). Exchange rates and capital flows.

European Financial Management, 10: 511–533.

Broto, C., Diaz-Cassou, J. & Erce-Dominguez, A. (2011). Measuring and explaining the volatility of capitalflows toward emerging countries. Journal of Banking Finance, 35, 1941–1953.

Brzozowski, M. (2006). Exchange rate variability and foreign direct investment: consequences of EMU enlargement. Eastern European Economics, 44(1), 5-24.

Buch, C. M., & Kleinert, J. (2008). Exchange rates and FDI: goods versus capital market frictions. World Economy, 31(9), 1185-1207.

Burakov, D., Intse, M., & Freidin, M. (2018). Energy Consumption, Trade Openness and Exchange Rate Impact on Foreign Direct Investment in Union State of Russia and Belarus. International Journal of Energy Economics and Policy, 8(4), 77-82.

Calvo, G. A., Leiderman, L., & Reinhart, C. M. (1996). Inflows of Capital to Developing Countries in the 1990s. Journal of economic perspectives, 10(2), 123-139.

Campa, J. M. (1993). Entry by foreign firms in the United States under exchange rate uncertainty. The Review of Economics and Statistics, 614-622.

Campa, J., Donnenfeld, S., & Weber, S. (1998). Market structure and foreign direct investment. Review of International Economics, 6(3), 361-380.

Có thể bạn quan tâm!

Xem toàn bộ 162 trang tài liệu này.

Caporale, G. M., Ali, F. M., & Spagnolo, N. (2015). Exchange rate uncertainty and international portfolio flows: A multivariate GARCH-in-mean approach. Journal of International Money and Finance, 54, 70-92.

Caporale, G. M., Ali, F. M., Spagnolo, F., & Spagnolo, N. (2017). International portfolio flows and exchange rate volatility in emerging Asian markets. Journal of International Money and Finance, 76, 1-15.

Carrieri, F., Errunza, V., & Majerbi, B. (2006). Does emerging market exchange risk affect global equity prices? Journal of Financial and Quantitative Analysis, 41(3), 511-540.

Carruth, A., Dickerson, A., & Henley, A. (2000). What do we know about investment under uncertainty? Journal of Economic Surveys, 14(2), 119-154.

Cassel, G. (1920). Further observations on the world's monetary problem. The Economic Journal, 30(117), 39-45.

Chakrabarti, A. (2001). The determinants of foreign direct investments: Sensitivity analyses of cross‐country regressions. Kyklos, 54(1), 89-114.

Chan, M. L., Hou, K., Li, X., & Mountain, D. C. (2014). Foreign direct investment and its determinants: A regional panel causality analysis. The Quarterly Review of Economics and Finance, 54(4), 579-589.

Choi, J. J., & Rajan, M. (1997). A joint test of market segmentation and exchange risk factor in international capital market. Journal of International Business Studies, 28(1), 29-49.

Clare, G. (1992). The impact of exchange rate risk on the foreign direct investment of US multinational manufacturing companies. Open economies review, 3(2), 143-163.

Combes, J. L., Kinda, T., & Plane, P. (2012). Capital flows, exchange rate flexibility, and the real exchange rate. Journal of Macroeconomics, 34(4), 1034-1043.

Connolly, M., & Deveraux, J. (1995). The equilibrium real exchange rate: Theory and evidence for Latin America. Fundamental determinants of exchange rates, 154-81.

Crowley, P., & Lee, J. (2003). Exchange rate volatility and foreign investment: international evidence. The International Trade Journal, 17(3), 227-252.

Cương, H. C., Ngọc, Đ. T. B., Mai, B. T. P., & Linh, Đ. H. (2013). Trade liberalization and foreign direct investment in Vietnam: A gravity model using Hausman-taylor Estimator Approach. Journal of Science & Development, 11(1), 85-96.

Cushman, D. O. (1985). Real exchange rate risk, expectations, and the level of direct investment. The Review of Economics and Statistics, 297-308.

Cushman, D. O. (1988). Exchange-rate uncertainty and foreign direct investment in the United States. Review of World Economics (Weltwirtschaftliches Archiv), 124(2), 322-336.

Darby, J., Hallett, A. H., Ireland, J., & Piscitelli, L. (1999). The impact of exchange rate uncertainty on the level of investment. The Economic Journal, 109(454), 55-67.

De Antoni, E. (2010). Minsky, Keynes, and financial instability: The recent subprime crisis. International Journal of Political Economy, 39(2), 10-25.

Del Negro, M., & Schorfheide, F. (2011). Bayesian macroeconometrics. The Oxford handbook of Bayesian econometrics, 293, 389.

Delaunay, C., & Torrisi, C. R. (2012). FDI in Vietnam: An empirical study of an economy in transition. Journal of Emerging Knowledge on Emerging Markets, 4(1).

Demirhan, E., & Masca, M. (2008). Determinants of foreign direct investment flows to developing countries: a cross-sectional analysis. Prague economic papers, 4(4), 356-369.

Dhakal, D., Nag, R., Pradhan, G., & Upadhyaya, K. P. (2010). Exchange rate volatility and foreign direct investment: Evidence from East Asian countries. The International Business & Economics Research Journal, 9(7), 121.

Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American statistical association, 74(366a), 427-431.

Dixit, A. (1989). Entry and exit decisions under uncertainty. Journal of political Economy, 97(3), 620-638.

Djulius, H. (2017). Energy use, trade openness, and exchange rate impact on foreign direct investment in Indonesia. International Journal of Energy Economics and Policy, 7(5), 166-170.

Dornbusch, R., 1998. Should the IMF Pursue Capital-Account Convertibility? Essays in International Finance, ed. by S. Fischer et al., p. 20-27.

Drine, I., & Rault, C. (2006). Learning about the long-run determinants of real exchange rates for developing countries: A panel data investigation. Contributions to Economic Analysis, 274, 307-325.

Duasa, J., & Kassim, S. H. (2009). Foreign portfolio investment and economic growth in Malaysia. The Pakistan Development Review, 109-123.

Dunning, J. H. (1980). Toward an eclectic theory of international production: Some empirical tests. Journal of international business studies, 11(1), 9-31.

Dunning, J. H., & Rugman, A. M. (1985). The influence of Hymer's dissertation on the theory of foreign direct investment. The American Economic Review, 75(2), 228-232.

Dunning, J. H. (1988). The theory of international production. The International Trade Journal, 3(1), 21-66.

Edgington, D. W., & Hayter, R. (2001). Japanese direct foreign investment and the Asian financial crisis. Geoforum, 32(1), 103-120.

Edwards, S. (1994). Trade and industrial policy reform in Latin America (No. w4772).

National Bureau of Economic Research.

Ellahi, N. (2011). Exchange rate volatility and foreign direct investment (FDI) behavior in Pakistan: A time series analysis with auto regressive distributed lag (ARDL) application. African Journal of Business Management, 5(29), 11656-11661.

Engle, R. F., & Granger, C. W. (1987). Co-integration and error correction: representation, estimation, and testing. Econometrica: journal of the Econometric Society, 251-276.

Erdal, F., & Tatoglu, E. (2002). Locational determinants of foreign direct investment in an emerging market economy: Evidence from Tukey. Multinational business review, 10, 21-27.

Ersoy, I. (2013). The role of private capital inflows and the exchange market pressure on real exchange rate appreciation: The case of Turkey. South African Journal of Economics, 81(1), 35-51.

Eun, C. S., & Resnick, B. G. (1988). Exchange rate uncertainty, forward contracts, and international portfolio selection. The Journal of Finance, 43(1), 197-215.

Fidora, M., Fratzscher, M., & Thimann, C. (2007). Home bias in global bond and equity markets: the role of real exchange rate volatility. Journal of international Money and Finance, 26(4), 631-655.

Fratzscher, M. (2012). Capital flows, push versus pull factors and the global financial crisis. Journal of International Economics, 88(2), 341-356.

Froot, K. A., & Stein, J. C. (1991). Exchange rates and foreign direct investment: an imperfect capital markets approach. The Quarterly Journal of Economics, 106(4), 1191-1217.

Garg, R., & Dua, P. (2014). Foreign portfolio investment flows to India: determinants and analysis. World Development, 59, 16-28.

Georgopoulos, G. J. 2008). Cross-border mergers and acquisitions: does the exchange rate matter? Some evidence for Canada. Canadian Journal of Economics, 41 (2), 450474. Goldberg, L. S. (1993). Exchange rates and investment in United States industry. The

Review of Economics and Statistics, 575-588.

Goldberg, L. S., & Klein, M. W. (1997). Foreign Direct Investment, Trade and Real Exchange Rate Linkages in Developing Countries (No. w6344). National Bureau of Economic Research.

Goldberg, L.S. and Kolstad, C.D. (1995). Foreign direct investment and demand uncertainty. International Economic Review 36, 855–873.

Gopinath, M., Pick, D., & Vasavada, U. (1998). Exchange rate effects on the relationship between FDI and trade in the US food processing industry. American Journal of Agricultural Economics, 80(5), 1073-1079.

Görg, H., & Wakelin, K. (2002). The impact of exchange rate volatility on US direct investment. The Manchester School, 70(3), 380-397.

Gottschalk, S., & Hall, S. (2008). Foreign direct investment and exchange rate uncertainty in South‐East Asia. International Journal of Finance & Economics, 13(4), 349-359. Grossmann, A., Paul, C., & Simpson, M. W. (2017). The impact of exchange rate deviations from relative PPP equilibrium on the US demand for foreign equities. Journal of

International Money and Finance, 77, 57-76.

Grubel, H. G. (1968). Internationally diversified portfolios: welfare gains and capital flows. The American Economic Review, 58(5), 1299-1314.

Gyntelberg, J., Loretan, M., & Subhanij, T. (2018). Private information, capital flows, and exchange rates. Journal of International Money and Finance, 81, 40-55.

Hanh, P. T. H. (2011). Does WTO accession matter for the dynamics of foreign direct investment and trade? Economics of Transition, 19(2), 255-285.

Hau, H., & Rey, H. (2005). Exchange rates, equity prices, and capital flows. The Review of Financial Studies, 19(1), 273-317.

Healy, P. M., & Palepu, K. G. (1993). The effect of firms' financial disclosure strategies on stock prices. Accounting horizons, 7(1), 1.

Hubert, F., & Pain, N. (1999). Innovation and the regional and industrial pattern of German foreign direct investment. Investment, Innovation and the Diffusion of Technology in Europe. Cambridge University Press, Cambridge, 168-194.

Hung, J. H. (1997). The exchange rate's impact on overseas profits of US multinationals. Journal of Economics and Business, 49(5), 439-458.

Hymer, S. H. (1976). The International Operations of National Firms. A Study of Direct Foreign Investment (1960). MIT Monographs in Economics, Cambridge, Massachusetts.

Ibarra, C. A. (2011). Capital flows and real exchange rate appreciation in Mexico. World Development, 39(12), 2080-2090.

Ibicioglu, M. (2012). The Effect of Non-residents’ Portfolio Investment on Exchange Rate: Evidence from Turkey. Procedia-Social and Behavioral Sciences, 62, 580-584.

Ibrahim, Y., & Raji, J. O. (2018). Cross-border merger and acquisition activities in Asia: the role of macroeconomic factors. Studies in Economics and Finance, 35(2), 307-329.

Ifeakachukwu, N. P., & Ditimi, A. (2014). Capital inflows and exchange rate in Nigeria. Mediterranean Journal of Social Sciences, 5(7), 263.

IMF (2005a), Balance of Payments and International Investment Position Manual, 6th edition, paragraph 6.8, p.100. https://www.imf.org/external/pubs/ft/bop/2007/pdf/chap6.pdf

IMF (2005b), Balance of Payments and International Investment Position Manual, 6thedition, paragraph 6.54, p.110. https://www.imf.org/external/pubs/ft/bop/2007/pdf/chap6.pdf

Itagaki, T. (1981). The theory of the multinational firm under exchange rate uncertainty. Canadian Journal of Economics, 276-297.

Jabri, A., Guesmi, K., & Abid, I. (2013). Determinants of foreign direct investment in MENA region: Panel co-integration analysis. The Journal of Applied Business Research, 29(4), 1103-1109.

Jehan, Z., & Hamid, A. (2017). Exchange rate volatility and capital inflows: role of financial development. Portuguese Economic Journal, 16(3), 189-203.

Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica: journal of the Econometric Society, 1551-158.

Jongwanich, J., & Kohpaiboon, A. (2013). Capital flows and real exchange rates in emerging Asian countries. Journal of Asian Economics, 24, 138-146.

Karimpoor, R., Nasiri, P., Moqaddam, Z. K., Ghasemi, S., & Vatani, M. S. (2014). Analyze of the effect of exchange rate fluctuation on foreign direct investment. Advances in Environmental Biology, 206-215.

Khandare, V. B. (2016). Impact of exchange rate on FDI: A comparative study of India and China. IJAR, 2(3), 599-602.

Kili, Z. (2018). The Relationship between Exchange Rate Volatility and Foreign Direct Investment in Turkey: Toda and Yamamoto Causality Analysis. International Journal of Economics and Financial Issues, 8(4), 61.

Kiyota, K., & Urata, S. (2004). Exchange rate, exchange rate volatility and foreign direct investment. World Economy, 27(10), 1501-1536.

Klein, M. W., & Rosengren, E. (1994). The real exchange rate and foreign direct investment in the United States: relative wealth vs. relative wage effects. Journal of international Economics, 36(3-4), 373-389.

Kodongo, O., & Ojah, K. (2013). Real exchange rates, trade balance and capital flows in Africa. Journal of Economics and Business, 66, 22-46.

Kodongo, O., và Ojah, K. (2012). The dynamic relation between foreign exchange rates and international portfolio flows: Evidence from Africa's capital markets. International Review of Economics & Finance, 24, 71-87.

Kogut, B., & Chang, S. J. (1996). Platform investments and volatile exchange rates: Direct investment in the US by Japanese electronic companies. The Review of Economics and Statistics, 221-231.

Kohlhagen, S. W. (1977). Exchange rate changes, profitability, and direct foreign investment. Southern Economic Journal, 43-52.

Komuves, Z., & RAMIREZ, M. D. (2014). FDI, Exchange Rate, and Economic Growth in Hungary, 1995-2012: Causality and Cointegration Analysis. Applied Econometrics and International Development, 14(1), 45-58.

Kosteletou, N., & Liargovas, P. (2000). Foreign direct investment and real exchange rate interlinkages. Open economies review, 11(2), 135-148.

Krugman, P. (1983). New theories of trade among industrial countries. The American Economic Review, 73(2), 343-347.

Kyereboah-Coleman, A., & Agyire-Tettey, K. F. (2008). Effect of exchange-rate volatility on foreign direct investment in Sub-Saharan Africa: The case of Ghana. The Journal of Risk Finance, 9(1), 52-70.

Lanyi, A., & Suss, E. C. (1982). Exchange rate variability: alternative measures and interpretation. Staff Papers, 29(4), 527-560.

Lartey, E. K. (2011). Financial openness and the Dutch disease. Review of Development Economics, 15(3), 556-568.

Lartey, E. K. (2017). FDI, Sectoral Output and Real Exchange Rate Dynamics under Financial Openness. Bulletin of Economic Research, 69(4), 384-394.

Lee, J. W. (2015). Dynamic Relationships between exchange rates and foreign direct investment: Empirical evidence from Korea. Asian Economic Journal, 29(1), 73-90.

Leitão, N. C. (2015). Energy consumption and foreign direct investment: a panel data analysis for Portugal. International Journal of Energy Economics and Policy, 5(1), 138-147.

Lexicon, F. T. (2014). Definition of foreign direct investment. Online source: http://lexicon. ft. com/Term.

Lipsey, R. E., Feenstra, R. C., Hahn, C. H., & Hatsopoulos, G. N. (1999). The role of foreign direct investment in international capital flows. In International capital flows (pp. 307-362). University of Chicago Press.

Madura, J. & Fox R. (2011) International Financial Management.2nd Edition. Cengage Learning EMEA.

Markowitz, Harry. 1952. “Portfolio Selection”. Journal of Finance. 7:1, pp. 77–99.

McKenzie, M. D. (1999). The impact of exchange rate volatility on international trade flows. Journal of economic Surveys, 13(1), 71-106.

Ménil, G. D. (1999). Real capital market integration in the EU: How far has it gone? What will the effect of the euro be?. Economic Policy, 14(28), 166-201.

Mensah, L., Bokpin, G. A., & Dei Fosu-Hene, E. (2017). Foreign exchange rate moments and FDI in Ghana. Journal of Economics and Finance, 41(1), 136-152.

Minsky, H. P. (1992). The financial instability hypothesis. The Jerome Levy Economics Institute Working Paper, (74).

Mishkin, F. S. & Eakins S. (2009) Financial Markets and Institutions 6th Edition. Pearson Prentice Hall. 349-350

Mishkin, F. S. (2018). The economics of money, banking, and financial markets (12th Edition). Pearson education. 434-435

Mlambo, C., Maredza, A., & Sibanda, K. (2013). Effects of exchange rate volatility on the stock market: A case study of South Africa. Mediterranean Journal of Social Sciences, 4(14), 561.

Morande, F. G. (1988). Domestic currency appreciation and foreign capital inflows: What comes first? (Chile, 1977–1982). Journal of International Money and Finance, 7, 447-466.

Nucci, F., & Pozzolo, A. F. (2001). Investment and the exchange rate: An analysis with firm-level panel data. European Economic Review, 45(2), 259-283.