Do Currency Unions Affect Foreign Direct Investment Evidence from US FDI Flows into the European Union

K Aristotelous

Economic Issues Journal Articles, 2005, vol. 10, issue 2, 1-10

Abstract: This paper investigates the effect of EMU on US FDI flows into the European Union using panel data from fifteen EU countries for the period 1966-2003. The empirical findings suggest that EMU had a positive and statistically significant impact on US FDI flows into the twelve countries that adopted the euro as their national currency. The increase in US FDI flows into the EU-12 was not accompanied, however, by a decrease in US FDI flows into the three EU countries that opted out of adopting the euro as their national currency.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:eis:articl:205aristotelous

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