La extensa literatura macroeconómica que pretende explicar el ampliamente observado equity home bias ignora a las empresas internacionalmente activas. En un modelo DSGE que presenta la elección endógena de las empresas de ser activas internacionalmente —ya sea a través de las exportaciones...

Artículo de revista ; According to the balance of payments statistics, Spain’s net lending stood at 2.3% as a percentage of GDP in 2019, slightly down on the prior year, against a backdrop of continued, albeit slowing, economic growth. Developments in net lending are explained by the...

La integración en la Unión Europea (UE) ha impulsado la inversión extranjera directa (IED) hacia el Reino Unido, que mantiene un stock relativamente importante de entradas en forma de IED. Este ha aumentado notablemente desde 2005, alcanzando el 61% de su producto interior bruto (PIB) en...

Artículo de revista ; The economic, political and institutional ties between Latin America and China have become closer as the Chinese economy has grown. Indeed, as a result of its rapid economic growth, China now plays a systemic role in the world economy. However, since the global financial...

En esta nota estadística se presenta la metodología aplicada en la compilación de las estadísticas complementarias de inversión exterior directa (IED) en España por última economía inversora, según el principio direccional y con datos coherentes con la balanza de pagos/posición de...

Artículo de revista ; On balance of payments statistics, in 2021 Spain’s net lending amounted to 1.8% of GDP (1.2% in 2020). This increase mainly reflected the partial recovery in the travel surplus, thanks to the improvement in the epidemiological situation prompted by the headway in...

Artículo de revista ; In 2020, the Spanish economy recorded net lending of 1.1% of GDP, significantly below the previous year’s level of 2.5%. This decline essentially reflects the impact of the health crisis on travel credits, which contracted sharply, owing to the restrictions on...

Rationale The balance of payments and international investment position provide insight into Spain’s economic relations with the rest of the world, which have important implications for the domestic economy. Analysis of these statistics takes on added significance against a backdrop of global...