WorldCat Identities

Froot, Kenneth

Overview
Works: 115 works in 715 publications in 1 language and 9,310 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Performer
Classifications: HF1359, 337.1
Publication Timeline
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Most widely held works by Kenneth Froot
Foreign direct investment by Kenneth Froot( Book )

16 editions published between 1993 and 2008 in English and Undetermined and held by 455 WorldCat member libraries worldwide

"Over the past decade, foreign direct investment (FDI) around the world has nearly tripled, and with this surge have come dramatic shifts in FDI flows. The United States, traditionally a major investor abroad, has become the foremost host of FDI from other countries such as England, Japan, and Germany. In Foreign Direct Investment, distinguished economists look at changes in FDI, including historical trends, specific country experiences, developments in the semiconductor industry, and variations in international mergers and acquisitions."--BOOK JACKET. "The first three chapters examine theoretical accounts of FDI patterns, the growth of multinational enterprises, and the influence of exchange rates and trade barriers on FDI. Chapter 1 suggests that multinational enterprises (MNEs) might be growing because of increasing integration of world markets, growing similarity of national markets, improved communications technology, and developing symmetry in international technological capabilities."--BOOK JACKET. "Chapter 2 considers the influence of exchange rates and trade barriers on FDI, proposing that when exchange rates fluctuate widely, MNEs have an advantage over domestic firms because of their ability to shift marginal production and sales in response to changing exchange rates. This chapter suggests that domestic firms are better suited than MNEs to take advantage of trade barriers through domestic investment. Chapter 3 explores changes in MNEs over the last 40 years and forecasts that MNEs will grow in importance in future world trade."--BOOK JACKET. "The second group of essays consists of country studies. Chapter 4 looks at FDI in Japan and argues that Japan's inbound FDI is low because of barriers to entry, not because of low foreign demand. The next essay focuses on the FDI experience of the United States over the past three decades, charting the growth of foreign ownership in the United States, particularly the increase in Japanese ownership. Chapter 6 considers the role of "mobil exporters" companies from relatively high-income developing countries, such as Indonesia, that seek low-cost installations to access third-country markets. Chapter 7 investigates FDI in semiconductors and compares the developments in a specific industry with those on a country and worldwide basis."--BOOK JACKET. "The last two chapters cover changes in international mergers and acquisitions (M&A). Chapter 8 looks at M&A among eleven major industrialized countries between 1985 and 1990 and finds that regulations of intercorporate investment reduce cross-border flows. The final chapter examines foreign M&A in the United States from 1974 to 1990. This study finds that foreign investors tend to purchase U.S. firms with higher growth potential than domestics do."--BOOK JACKET. "This volume presents a valuable overview of the impact of FDI in the past decade in the United States and abroad, and it will interest economists, government officials, and business people concerned with FDI today."--BOOK JACKET
The financing of catastrophe risk by Kenneth Froot( Book )

15 editions published between 1999 and 2007 in English and held by 360 WorldCat member libraries worldwide

"Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States. Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms, policy holders, and investors under stress." "The Financing of Catastrophe Risk assembles an impressive roster of experts from academia and industry to explore the important issue of how catastrophe risk should be distributed and financed."--Jacket
International economic cooperation by Martin S Feldstein( Book )

4 editions published between 1987 and 1988 in English and held by 142 WorldCat member libraries worldwide

"A readable, balanced, and provocative view of the prospects for fruitful international economic cooperation. The papers are realistic: each discusses the difficulties involved in reaching cooperative solutions or procedures as well as the benefits of doing so. The discussion among the conference participants is lively, interesting, and insightful."--William H. Branson, Princeton University
Interest allocation rules, financing patterns, and the operations of U.S. multinationals by Kenneth Froot( Book )

14 editions published between 1994 and 1995 in English and held by 78 WorldCat member libraries worldwide

This paper examines the impact of the 1986 change in U.S. interest allocation rules on the investment and financing decisions of American multinationals. The 1986 change reduced the tax deductibility of the interest expenses of firms with excess foreign tax credits. The resulting increase in the cost of debt gives firms incentives to substitute away from using debt finance. Furthermore, to the extent that perfect financing substitutes are not available, the overall cost of capital rises as well. The empirical tests indicate that the loss of tax deductibility of parent-company interest expenses appears to reduce significantly borrowing and investing by firms with excess foreign tax credits. The same firms tend to undertake new lease commitments, which may reflect the use of leases as alternatives to capital ownership. In addition, firms affected by the tax change tend to scale back the scope of their foreign and total operations. These results are consistent with the hypothesis that firms substitute away from debt when debt becomes more expensive, and also with the hypothesis that the loss of interest tax shields increases a firm's cost of capital
Perspectives on PPP and long-run real exchange rates by Kenneth Froot( Book )

13 editions published between 1994 and 1996 in English and held by 66 WorldCat member libraries worldwide

This paper reviews the large and growing literature which tests PPP and other models of the long-run real exchange rate. We distinguish three different stages of PPP testing and focus on what has been learned from each. The most important overall lesson has been that the real exchange rate appears stationary over sufficiently long horizons. Simple, univariate random walk specifications can be rejected in favor of stationary alternatives. However, we argue that multivariate tests, which ask whether any linear combination of prices and exchange rates are stationary, have not necessarily provided meaningful rejections of nonstationarity. We also review a number of other theories of the long run real exchange rate -- including the Balassa-Samuelson hypothesis -- as well as the evidence supporting them. We argue that the persistence of real exchange rate movements can be generated by a number of sensible models and that Balassa- Samuelson effects seem important, but mainly for countries with widely disparate levels of income of growth. Finally, this paper presents new evidence testing the law of one price on 200 years of historical commodity price data for England and France, and uses a century of data from Argentina to test the possibility of sample-selection bias in tests of long-run PPP
Exchange rate forecasting techniques, survey data, and implications for the foreign exchange market by Jeffrey A Frankel( Book )

14 editions published between 1990 and 1991 in English and held by 58 WorldCat member libraries worldwide

This paper examines the dynamics of the foreign exchange market. The first half addresses a number of key questions regarding the forecasts of future exchange rates made by market participants, by means of updated estimates using survey data. Here we follow most of the theoretical and empirical literature in acting as if all market participants share the same expectation. The second half then addresses the possibility of heterogeneous expectations, particularly the distinction between "chartists" and "fundamentalists," and the implications for trading in the foreign exchange market and for the formation of speculative bubbles
Short-term and long-term expectations of the yen/dollar exchange rate : evidence from survey data by Jeffrey A Frankel( Book )

14 editions published between 1986 and 1988 in English and held by 41 WorldCat member libraries worldwide

Abstract: Three surveys of exchange rate expectations allow us to measure directly the expected rates of return on yen versus dollars. Expectations of yen appreciation against the dollar have been (1) consistently large, (2) variable, and (3) greater than the forward premium, implying that investors were willing to accept a lower expected return on dollar assets. At short-term horizons expectations exhibit bandwagon effects, while at longer-term horizons they show the reverse. A 10 percent yen appreciation generates the expectation of a further appreciation of 2.4 percent over the following week, for example, but a depreciation of 3.4 percent over the following year. At any horizon, investors would do better to reduce the absolute magnitude of expected depreciation. The true spot rate process behaves more like a random walk
The transition in Eastern Europe by Olivier Blanchard( Book )

14 editions published between 1994 and 2008 in English and held by 27 WorldCat member libraries worldwide

When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe
 
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Audience level: 0.31 (from 0.05 for The financ ... to 0.73 for Interest a ...)

Foreign direct investment
Alternative Names
Froot, K. A. 1957-

Froot, Kenneth A.

Froot, Kenneth A. 1957-

Languages
English (103)

Covers
The financing of catastrophe riskThe transition in Eastern Europe