Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • Article
  • Quarterly Journal of Economics

Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach

By: K. A. Froot and Jeremy Stein
  • Format:Print
  • | Pages:27
ShareBar

Keywords

Corporate Finance; Market Imperfections; Foreign Direct Investment; Markets; Financial Instruments; Asset Pricing

Citation

Froot, K. A., and Jeremy Stein. "Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach." Quarterly Journal of Economics 106, no. 4 (November 1991): 1191–1217. (Revised from NBER Working Paper No. 2914, March 1989.)
  • Find it at Harvard

About The Author

Kenneth A. Froot

→More Publications

More from the Authors

    • 2022
    • Faculty Research

    A Quantity-Driven Theory of Term Premia and Exchange Rates

    By: Robin Greenwood, Samuel G. Hanson, Jeremy C. Stein and Adi Sunderam
    • June 2018
    • Journal of Finance

    The Fed, the Bond Market, and Gradualism in Monetary Policy

    By: Jeremy C. Stein and Adi Sunderam
    • July 2017
    • Journal of Financial Economics

    What Do Measures of Real-Time Corporate Sales Tell Us About Earnings Surprises and Post-announcement Returns?

    By: Kenneth A. Froot, Namho Kang, Gideon Ozik and Ronnie Sadka
More from the Authors
  • A Quantity-Driven Theory of Term Premia and Exchange Rates By: Robin Greenwood, Samuel G. Hanson, Jeremy C. Stein and Adi Sunderam
  • The Fed, the Bond Market, and Gradualism in Monetary Policy By: Jeremy C. Stein and Adi Sunderam
  • What Do Measures of Real-Time Corporate Sales Tell Us About Earnings Surprises and Post-announcement Returns? By: Kenneth A. Froot, Namho Kang, Gideon Ozik and Ronnie Sadka
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College