Foreign Direct Investment and the Czech Corporate Sector: Potential Risks to Financial Stability

Adam Gersl and Michal Hlaváček

Chapter Thematic Article 3 in CNB Financial Stability Report 2006, 2007, pp 80-88 from Czech National Bank, Research and Statistics Department

Abstract: This article discusses the potential risks to price stability stemming from the influence of foreign direct investment on the economy. The analysis uses corporate data from a unique Deutsche Bundesbank database containing an almost complete sample of German enterprises that invested in the Czech Republic between 1996 and 2004. Attention was given to two issues: the role of intra-group financing in foreign-owned corporations, including its potential effect on financial intermediation in the economy as a whole, and the life cycle of an investment as an indicator of possible investment outflows in the future.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:cnb:ocpubc:fsr06/3

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