Multinational Affiliates and Local Financial Markets /

We use data on the sources of debt finance of U.S. majority-owned foreign affiliates in 53 countries over the period 1983 to 2001 to examine the role of financial market development, and exposure to host country-specific risk on the financing choices of these affiliates. We find that total balance s...

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Bibliographic Details
Main Author: Sayek, Selin
Other Authors: Kang, Hyoung, Lehmann, Alexander
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/107
Online Access:Full text available on IMF