UID:
edoccha_9958124468502883
Format:
1 online resource (50 p.)
Edition:
1st ed.
ISBN:
1-4623-5183-2
,
1-4527-3905-6
,
1-283-51752-3
,
9786613829979
,
1-4519-0865-2
Series Statement:
IMF working paper ; WP/06/69
Content:
We construct estimates of external assets and liabilities for 145 countries for the period 1970-2004. We describe our estimation methods and present key features of the data at the country and the global level. We focus on trends in net and gross external positions, and the composition of international portfolios, distinguishing between foreign direct investment, portfolio equity investment, official reserves, and external debt. We document the increasing importance of equity financing and the improvement in the external position for emerging markets, and the differing pace of financial integration between advanced and developing economies. We also show the existence of a global discrepancy between estimated foreign assets and liabilities, and identify the asset categories that account for this discrepancy.
Note:
"March 2006."
,
""Contents""; ""I. INTRODUCTION""; ""II. METHODOLOGY""; ""III. THE DATASET: A GLOBAL OVERVIEW""; ""IV. SELECTED EMPIRICAL FINDINGS""; ""V. CONCLUDING REMARKS""; ""Appendix""; ""References""
,
English
Additional Edition:
ISBN 1-4518-6329-2
Language:
English
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