International Financial Integration / Philip Lane, Gian Milesi-Ferretti.

Format:

Book

Government document

Author/Creator:

Lane, Philip.

Contributor:

Milesi-Ferretti, Gian.

Series:

IMF Working Papers; Working Paper ; No. 2003/086

IMF Working Papers

Language:

English

Subjects (All):

International finance.

Capital movements.

Physical Description:

1 online resource (45 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2003.

Language Note:

English

Summary:

In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to international debt stocks. This paper describes the broad trends in international financial integration for a sample of industrial countries and seeks to explain the cross-country and time-series variation in the size of international balance sheets. It also examines the behavior of the rates of return on foreign assets and liabilities, relating them to "market" returns.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. DATA ISSUES AND BROAD TRENDS""; ""A. Data Issues""; ""B. Broad Trends""; ""III. ANALYSIS OF INTERNATIONAL INVESTMENT POSITIONS""; ""A. Conceptual Issues""; ""B. The Empirical Specification""; ""C. Results""; ""IV. ANALYSIS OF RATES OF RETURN""; ""A. Conceptual Issues""; ""B. Data Issues on Rates of Return""; ""C. Empirical Specification""; ""D. Results""; ""V. CONCLUSIONS""; ""REFERENCES""; ""DATA SOURCES""

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed September 18, 2015).

ISBN:

9786613783509

9781462355013

1462355013

9781452783550

1452783551

9781281602817

1281602817

9781451896978

1451896972