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

• Autore: Lane Philip R. <1969->
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, Research Dept., c2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (50 p.)
• Soggetto topico: Alien property; Balance of trade; Debts, External; Foreign exchange
• Altri autori: Milesi-FerrettiGian Maria
• Note generali: "March 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. METHODOLOGY""; ""III. THE DATASET: A GLOBAL OVERVIEW""; ""IV. SELECTED EMPIRICAL FINDINGS""; ""V. CONCLUDING REMARKS""; ""Appendix""; ""References""
• Sommario/riassunto: 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.
• Titolo autorizzato: The external wealth of nations mark II
• ISBN: 1-4623-5183-2; 1-4527-3905-6; 1-283-51752-3; 9786613829979; 1-4519-0865-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910808876703321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/69.