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Conference Paper
Implications of the U.S. net capital inflow
Journal Article
Direct investment activity of foreign firms
Journal Article
Is America being sold out?
Journal Article
Foreign bank credit to U.S. corporations: the implications of offshore loans
International financial transactions have grown in recent years far faster than has our ability to understand their significance for national economies. This article seeks to explain the rise in bank loans from banks outside the United States to U.S. businesses. The article looks at the implications of the rapid growth of such loans for issues ranging from the corporate debt buildup in the United States in the late 1980s to the loss of market share in U.S. commercial lending by U.S.-owned banks.
Journal Article
New England's links to the world economy
"Openness" to international trade and investment encourages technology transfer and productivity growth. It may also provide a degree of stability in the face of national and regional business cycles. To assess New Englands relative openness, this article surveys New Englands links with the world economy: its trade in goods and services, its banking ties, its inbound and (to the extent possible) its outbound foreign direct investments. ; The author finds evidence that New Englands 1987-89 export growth has been slow, and that inbound foreign investment recently has played a below-average ...