Alfredo Pistelli M.; Jorge Selaive C.; Rodrigo Valdés P. - In: Journal Economía Chilena (The Chilean Economy) 10 (2007) 3, pp. 19-44
During the last few years, large holdings of foreign assets and liabilities along with an increasing relevance of the valuation effects—capital gains or losses—have characterized global financial integration. This paper presents an empirical assessment of the implications of stocks, flows...
