restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …

international capital flows, and the resulting production has increased as a share of world output, but it was still only about 8 … world, accounting for about half of the world's stock in 1960. Since then, other countries have become major direct … investors. The U.S. share is now less than a quarter of the world total and the United States has become a major recipient of …

-led victory of market forces over longstanding government efforts to wall out foreign financial competition …

's combined banking and deposit-insurance system cannot cover the claims of bank depositors without being supplemented by … foreign-bank presence and activities are expanded. Offshore banks put the supervisory systems and safety-net guarantees of … their homelands into competition with those of host countries. Intensified offshore banking competition provides substitutes …