Developing and emerging countries as finance providers; foreign exchange reserves and foreign direct investment to the European Union

Bruno Bonizzi and Jan Toporowski
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Jan Toporowski: SOAS, University of London

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: This paper evaluates the role of emerging and developing economies as providers of finance to the European Union. In particular it explores the evolution of foreign exchange reserves accumulated in Euro, and direct investment to the European Union from emerging and developing countries. It is argued that such financial flows are unlikely to promote substantial economic development in European countries.

Keywords: Foreign direct investment; foreign exchange reserves; European Union; Developing Countries (search for similar items in EconPapers)
JEL-codes: F23 F31 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2016-01-01
New Economics Papers: this item is included in nep-eec, nep-ger and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:fes:wpaper:wpaper129

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