4  Claudia M Buch, Alexander Lipponer, FDI versus cross-border financial services: The globalisation of German banks, Deutsche Bundesbank, Discussion paper, Series 1: Studies of the Economic Research Centre, No 05/2004 and Claudia M Buch, Alexander Lipponer, Clustering or competition? The foreign investment behaviour of German banks, Deutsche Bundesbank, Discussion paper, Series 1: Studies of the Economic Research Centre, No 06/2004.
BIS Review 56/2004  1  In my view, an assessment of the locational quality and competitiveness of a country requires very differentiated approaches.5 FDI can certainly play a role. However, it is only one indicator among many. Above all, one must keep in mind what the statistical term “foreign direct investment” actually means.