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A Global Perspectiveon External Positions

Milesi-Ferretti, Gian-Maria - 2005

the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …

Persistent link: https://www.econbiz.de/10014404202

Bilateral Financial Linkages and Global Imbalances : A Viewon the Eve of the Financial Crisis

Milesi-Ferretti, Gian-Maria - 2010

We present a novel and comprehensive dataset of bilateral gross and net external positions in various financial instruments for the main advanced and emerging economies and regions, designed to improve our understanding of cross-border financial linkages. The data show no strong correspondence...

Persistent link: https://www.econbiz.de/10014402655

Financial Globalization and Exchange Rates

Milesi-Ferretti, Gian-Maria - 2005

a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the … rapid pace of financial globalization during recent years poses new challenges for the international monetary system. In … explores some of the interconnections between financial globalization and exchange rate adjustment and discusses the policy …

Persistent link: https://www.econbiz.de/10014400701

Keeping capital flowing: the role of the IMF

Bordo, Michael D.; Mody, Ashoka; Oomes, Nienke - 2004

Persistent link: https://www.econbiz.de/10002506220

International Investment Patterns

Lane, Philip R. - 2004

The paper provides a systematic analysis of bilateral, source and host factors driving portfolio equity investment across countries, using newly-released data on international equity holdings at the end of 2001. It develops a model that links bilateral equity holdings to bilateral trade in goods...

Persistent link: https://www.econbiz.de/10014400933

The External Wealth of Nations Mark II : Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004

Lane, Philip R. - 2006

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...

Persistent link: https://www.econbiz.de/10014402401

The Cross-Country Incidence of the Global Crisis

Milesi-Ferretti, Gian-Maria - 2010

We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis level of development, increases in the ratio of private credit to GDP, current account deficits,...

Persistent link: https://www.econbiz.de/10014402672

International Financial Integration

Lane, Philip R. - 2003

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...

Persistent link: https://www.econbiz.de/10014403839

Keeping Capital Flowing : The Role of the IMF

Bordo, Michael D. - 2004

In this paper, we examine the IMF''s role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF-supported program, although they may initially...

Persistent link: https://www.econbiz.de/10014404030

Cross-Border Investment in Small International Financial Centers

Lane, Philip R. - 2010

This note documents and assesses the role of small financial centers in the international financial system using a newly-assembled dataset. It presents estimates of the foreign asset and liability positions for a number of the most important small financial centers, and places these into context...

Persistent link: https://www.econbiz.de/10014404336