Publication
7 Jul 2009
This paper looks at capital volatility in emerging economies during periods of financial instability and crises.The analysis challenges the casual presumption that the switch toward foreign direct investment (FDI) alone will automatically imply that extreme capital instability will become a thing of the past, particularly in view of the fact that a growing share of FDI globally as well as in regional countries like India has been in the form of merger and acquisitions.
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English (PDF, 9 pages, 300 KB) |
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Author | Ramkishen S Rajan |
Series | ISAS Insights |
Issue | 76 |
Publisher | Institute of South Asian Studies (ISAS) |
Copyright | © 2009 National University of Singapore |