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Foreign Direct Investment and the Czech Corporate Sector: Potential Risks to Financial Stability

In: CNB Financial Stability Report 2006

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  • Adam Gersl
  • Michal Hlavacek

Abstract

This article discusses the potential risks to price stability stemming from the influence of foreign direct investment on the economy. The analysis uses corporate data from a unique Deutsche Bundesbank database containing an almost complete sample of German enterprises that invested in the Czech Republic between 1996 and 2004. Attention was given to two issues: the role of intra-group financing in foreign-owned corporations, including its potential effect on financial intermediation in the economy as a whole, and the life cycle of an investment as an indicator of possible investment outflows in the future.

Suggested Citation

  • Adam Gersl & Michal Hlavacek, 2007. "Foreign Direct Investment and the Czech Corporate Sector: Potential Risks to Financial Stability," Occasional Publications - Chapters in Edited Volumes,in: CNB Financial Stability Report 2006, chapter 0, pages 80-88 Czech National Bank, Research Department.
  • Handle: RePEc:cnb:ocpubc:fsr06/3
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