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Host-Country Financial Development and Multinational Activity
Credit constraints Ö nancial development multinational activity
2015/7/21
This paper evaluates the ináuence of Önancial development on the global operations of multinational
Örms. Using detailed U.S. data, we provide evidence that host-country Önancial devel...
Global value chains and multinational activity with financial frictions
financial frictions Global value chains
2015/7/21
The increasing fragmentation of production across firm and country boundaries has
transformed international trade over the last few decades. At the same time, cumulating
evidence indicates that fi...