1.

Record Nr.

UNINA9910960964503321

Autore

Kester Anne Y

Titolo

Following the money : U.S. finance in the world economy / / Anne Y. Kester and Panel on International Capital Transactions, Committee on National Statistics, Commission on Behavioral and Social Sciences and Education, National Research Council

Pubbl/distr/stampa

Washington, D.C., : National Academy Press, 1995

ISBN

9786612081064

9780309176903

0309176905

9781282081062

1282081063

9780309521635

0309521637

9780585149301

0585149305

Edizione

[1st ed.]

Descrizione fisica

1 online resource (224 pages)

Disciplina

332.1/0973

Soggetti

Financial services industry - United States

Capital movements - Data processing

Automatic data collection systems

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references (p. 186-198) and index.

Nota di contenuto

""Front Matter""; ""Contents""; ""Preface""; ""1 Summary""; ""2 Globalization of Financial Markets""; ""3 Current U.S. Data Systems""; ""4 Capital Account Data:  Gaps and Needs""; ""5 Financial Derivatives: Data Gaps and Needs""; ""6 Alternative Data Sources and Collection Methods""; ""Appendix A Monitoring Capital Transactions in the United Kingdom, Germany, and Japan""; ""Appendix B Views of Data Compilers, Filers, and Users""; ""References and Bibliography""; ""Biographical Sketches of Panel Members and Staff""; ""Index""

Sommario/riassunto

Many questions have been raised about America's status in the increasingly interconnected global economy. Yet key facts--such as the



amount of foreign assets abroad owned by U.S. citizens--are not known. The crucial data needed to assess the U.S. position are unavailable. This volume explores significant shortcomings in U.S. data on international capital transactions and their implications for policymakers. The volume offers clearcut recommendations for U.S. agencies to bring data collection and analyses of the global economy into the twenty-first century. The volume explores  How factors emerging since the early 1980s have shaped world financial markets and revealed shortcomings in data collection and analysis. How the existing U.S. data system works and where it fails how measurements of international financial transactions are recorded; and how swaps, options, and futures present special reporting problems. How alternative methods, such as collecting data, from sources such as global custodians and international clearinghouses, might improve coverage and accuracy.