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Record Nr. |
UNINA9910788403503321 |
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Autore |
Lane Philip |
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Titolo |
The External Wealth of Nations Mark II : : Revised and Extended Estimates of Foreign Assets and Liabilities, 1970–2004 / / Philip Lane, Gian Milesi-Ferretti |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-5183-2 |
1-4527-3905-6 |
1-283-51752-3 |
9786613829979 |
1-4519-0865-2 |
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Descrizione fisica |
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1 online resource (50 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Balance of trade |
Debts, External |
Foreign exchange |
Exports and Imports |
Finance: General |
Investments: Stocks |
International Investment |
Long-term Capital Movements |
Pension Funds |
Non-bank Financial Institutions |
Financial Instruments |
Institutional Investors |
General Financial Markets: General (includes Measurement and Data) |
Current Account Adjustment |
Short-term Capital Movements |
International economics |
Investment & securities |
Finance |
Foreign assets |
Stocks |
Emerging and frontier financial markets |
Current account |
External position |
Investments, Foreign |
Financial services industry |
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Balance of payments |
International finance |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. METHODOLOGY""; ""III. THE DATASET: A GLOBAL OVERVIEW""; ""IV. SELECTED EMPIRICAL FINDINGS""; ""V. CONCLUDING REMARKS""; ""Appendix""; ""References"" |
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Sommario/riassunto |
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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. |
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