Warnock, Francis E.; Cleaver, Chad - Federal Reserve Board (Board of Governors of the … - 2002
' holdings of debt and equities in over 40 countries and, for the same countries, foreign investors' holdings of U.S. debt and … designed to measure cross-border transactions with foreign counterparties who are often intermediaries, the majority of the … portray net inflows into U.S. equities and net outflows into foreign bonds. However, the data substantially overcount net …