WorldCat Identities

Foley, C. Fritz

Works: 48 works in 299 publications in 1 language and 2,096 library holdings
Roles: Author
Classifications: HB1, 330.072
Publication Timeline
Most widely held works by C. Fritz Foley
Capital controls, liberalizations, and foreign direct investment by Mihir A Desai( Book )

11 editions published between 2004 and 2005 in English and held by 40 WorldCat member libraries worldwide

Affiliate-level evidence indicates that American multinational firms circumvent capital controls by adjusting their reported intrafirm trade, affiliate profitability, and dividend repatriations. As a result, the reported profit impact of local capital controls is comparable to the effect of 24 percent higher corporate tax rates, and affiliates located in countries imposing capital controls are 9.8 percent more likely than other affiliates to remit dividends to parent companies. Multinational affiliates located in countries with capital controls face 5.4 percent higher interest rates on local borrowing than do affiliates of the same parent borrowing locally in countries without capital controls. Together, the costliness of avoidance and higher interest rates raise the cost of capital, significantly reducing the level of foreign direct investment. American affiliates are 13-16 percent smaller in countries with capital controls than they are in comparable countries without capital controls. These effects are reversed when countries liberalize their capital account restrictions
Audience Level
Audience Level
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Audience level: 0.71 (from 0.71 for Capital co ... to 0.71 for Capital co ...)

Alternative Names
Foley, Fritz

English (11)