LEADER 04912oam 22011894 450 001 9910788403503321 005 20230828235814.0 010 $a1-4623-5183-2 010 $a1-4527-3905-6 010 $a1-283-51752-3 010 $a9786613829979 010 $a1-4519-0865-2 035 $a(CKB)3360000000443923 035 $a(EBL)3014443 035 $a(SSID)ssj0000939890 035 $a(PQKBManifestationID)11571930 035 $a(PQKBTitleCode)TC0000939890 035 $a(PQKBWorkID)10946527 035 $a(PQKB)11451548 035 $a(OCoLC)694141097 035 $a(MiAaPQ)EBC3014443 035 $a(IMF)WPIEE2006069 035 $a(EXLCZ)993360000000443923 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe External Wealth of Nations Mark II : $eRevised and Extended Estimates of Foreign Assets and Liabilities, 1970?2004 /$fPhilip Lane, Gian Milesi-Ferretti 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (50 p.) 225 1 $aIMF Working Papers 300 $a"March 2006." 311 $a1-4518-6329-2 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. METHODOLOGY""; ""III. THE DATASET: A GLOBAL OVERVIEW""; ""IV. SELECTED EMPIRICAL FINDINGS""; ""V. CONCLUDING REMARKS""; ""Appendix""; ""References"" 330 3 $aWe construct estimates of external assets and liabilities for 145 countries for the period 1970-2004. We describe our estimation methods and present key features of the data at the country and the global level. We focus on trends in net and gross external positions, and the composition of international portfolios, distinguishing between foreign direct investment, portfolio equity investment, official reserves, and external debt. We document the increasing importance of equity financing and the improvement in the external position for emerging markets, and the differing pace of financial integration between advanced and developing economies. We also show the existence of a global discrepancy between estimated foreign assets and liabilities, and identify the asset categories that account for this discrepancy. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/069 606 $aBalance of trade 606 $aDebts, External 606 $aForeign exchange 606 $aExports and Imports$2imf 606 $aFinance: General$2imf 606 $aInvestments: Stocks$2imf 606 $aInternational Investment$2imf 606 $aLong-term Capital Movements$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aCurrent Account Adjustment$2imf 606 $aShort-term Capital Movements$2imf 606 $aInternational economics$2imf 606 $aInvestment & securities$2imf 606 $aFinance$2imf 606 $aForeign assets$2imf 606 $aStocks$2imf 606 $aEmerging and frontier financial markets$2imf 606 $aCurrent account$2imf 606 $aExternal position$2imf 606 $aInvestments, Foreign$2imf 606 $aFinancial services industry$2imf 606 $aBalance of payments$2imf 606 $aInternational finance$2imf 607 $aUnited States$2imf 615 0$aBalance of trade. 615 0$aDebts, External. 615 0$aForeign exchange. 615 7$aExports and Imports 615 7$aFinance: General 615 7$aInvestments: Stocks 615 7$aInternational Investment 615 7$aLong-term Capital Movements 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aCurrent Account Adjustment 615 7$aShort-term Capital Movements 615 7$aInternational economics 615 7$aInvestment & securities 615 7$aFinance 615 7$aForeign assets 615 7$aStocks 615 7$aEmerging and frontier financial markets 615 7$aCurrent account 615 7$aExternal position 615 7$aInvestments, Foreign 615 7$aFinancial services industry 615 7$aBalance of payments 615 7$aInternational finance 700 $aLane$b Philip$01462147 701 $aMilesi-Ferretti$b Gian$01462146 712 02$aInternational Monetary Fund.$bResearch Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788403503321 996 $aThe External Wealth of Nations Mark II$93850006 997 $aUNINA