Bertaut, Carol C.; Tabova, Alexandra M.; Wong, Vivian - Federal Reserve Board (Board of Governors of the … - 2014
from security-level data on U.S. portfolio holdings of foreign securities, we show that since the crisis, it is mostly the … debt securities. We also find a strong negative correlation between the foreign share of the U.S. financial bond portfolio … foreign financial markets for "safe" assets, we show that the type of foreign financial debt that fills this portfolio niche …