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International Financial Integration

In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to interna...

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Bibliographic Details
Main Author: Lane, Philip
Other Authors: Milesi-Ferretti, Gian
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2003
Series:IMF Working Papers
Subjects:
Institutional Investors
Stock Exchanges
Investments, Foreign
Stocks
Pension Funds
Finance
Short-term Capital Movements
Financial Institutions
Financial Instruments
Current Account Adjustment
Long-term Capital Movements
External Position
Currency
Exports And Imports
General Financial Markets: General (includes Measurement And Data)
International Economics
Foreign Assets
Non-bank Financial Institutions
Foreign Exchange
Financial Markets
Foreign Liabilities
Stock Markets
Investments: Stocks
Real Exchange Rates
Investment & Securities
Finance: General
International Investment
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to international debt stocks. This paper describes the broad trends in international financial integration for a sample of industrial countries and seeks to explain the cross-country and time-series variation in the size of international balance sheets. It also examines the behavior of the rates of return on foreign assets and liabilities, relating them to "market" returns
Physical Description:45 pages
ISBN:9781451850901

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