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Record Nr. |
UNINA9910808876703321 |
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Autore |
Lane Philip R. <1969-> |
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Titolo |
The external wealth of nations mark II : revised and extended estimates of foreign assets and liabilities, 1970-2004 / / Philip R. Lane and Gian Maria Milesi-Ferretti |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, Research Dept., c2006 |
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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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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (50 p.) |
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Collana |
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IMF working paper ; ; WP/06/69 |
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Altri autori (Persone) |
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Milesi-FerrettiGian Maria |
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Soggetti |
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Alien property |
Balance of trade |
Debts, External |
Foreign exchange |
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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 |
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