04912oam 22011894 450 991078840350332120230828235814.01-4623-5183-21-4527-3905-61-283-51752-397866138299791-4519-0865-2(CKB)3360000000443923(EBL)3014443(SSID)ssj0000939890(PQKBManifestationID)11571930(PQKBTitleCode)TC0000939890(PQKBWorkID)10946527(PQKB)11451548(OCoLC)694141097(MiAaPQ)EBC3014443(IMF)WPIEE2006069(EXLCZ)99336000000044392320020129d2006 uf 0engur|n|---|||||txtccrThe External Wealth of Nations Mark II : Revised and Extended Estimates of Foreign Assets and Liabilities, 1970–2004 /Philip Lane, Gian Milesi-FerrettiWashington, D.C. :International Monetary Fund,2006.1 online resource (50 p.)IMF Working Papers"March 2006."1-4518-6329-2 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. METHODOLOGY""; ""III. THE DATASET: A GLOBAL OVERVIEW""; ""IV. SELECTED EMPIRICAL FINDINGS""; ""V. CONCLUDING REMARKS""; ""Appendix""; ""References""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.IMF Working Papers; Working Paper ;No. 2006/069Balance of tradeDebts, ExternalForeign exchangeExports and ImportsimfFinance: GeneralimfInvestments: StocksimfInternational InvestmentimfLong-term Capital MovementsimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfGeneral Financial Markets: General (includes Measurement and Data)imfCurrent Account AdjustmentimfShort-term Capital MovementsimfInternational economicsimfInvestment & securitiesimfFinanceimfForeign assetsimfStocksimfEmerging and frontier financial marketsimfCurrent accountimfExternal positionimfInvestments, ForeignimfFinancial services industryimfBalance of paymentsimfInternational financeimfUnited StatesimfBalance of trade.Debts, External.Foreign exchange.Exports and ImportsFinance: GeneralInvestments: StocksInternational InvestmentLong-term Capital MovementsPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsGeneral Financial Markets: General (includes Measurement and Data)Current Account AdjustmentShort-term Capital MovementsInternational economicsInvestment & securitiesFinanceForeign assetsStocksEmerging and frontier financial marketsCurrent accountExternal positionInvestments, ForeignFinancial services industryBalance of paymentsInternational financeLane Philip1462147Milesi-Ferretti Gian1462146International Monetary Fund.Research Dept.DcWaIMFBOOK9910788403503321The External Wealth of Nations Mark II3850006UNINA