G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1592
DP1592 Can Relationship Banking Survive Competition?
Anjan Thakor; Arnoud Boot
发表日期1997-03-27
出版年1997
语种英语
摘要In this paper the two standard forms of international investment in developing countries ? debt and foreign direct investment (FDI) ? are compared from a finance perspective. We show that the sovereign risks associated with debt finance are generally less severe than those accompanying FDI. FDI is chosen only if the foreign investor is more efficient in running the project, if the project is risky and if the foreign investor has a good outside option which deters creeping expropriation. The sovereign risk problem of FDI can be alleviated if the host country and the foreign investor form a joint venture.
主题International Trade and Regional Economics
关键词Foreign direct investment International debt crisis Joint ventures Sovereign risk
URLhttps://cepr.org/publications/dp1592
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530734
推荐引用方式
GB/T 7714
Anjan Thakor,Arnoud Boot. DP1592 Can Relationship Banking Survive Competition?. 1997.
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