domestic and global factors. I estimate six VECM models, one for each Latin American country plus the Euro Area, Japan, and USA …-run relations linking net foreign assets (NFA) to the other variables of the model. The results show that in the long-run external … American NFA. Although all previous studies focus on North-American economic influence, one striking result of this paper is …

explaining foreign subsidiary performance. This study draws upon the literatures on liability of foreignness and density … effects on market experience and strategic conformity. We find that local density is negatively related to foreign subsidiary …

evidence among investors. -- competitiveness ; foreign direct investment ; international integration …

reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan's income balance with peer … countries highlights: (i) relatively high yields on FDI assets, and (ii) very low FDI liabilities in Japan. Panel estimation is …

, showing relatively strong home bias. We then examine trends over time in foreign holdings of debt securities and find that … and that foreign holdings of debt securities have been increasing in advanced as well as developing Asia but for different … the Global Financial Crisis, foreign holdings of debt securities have declined (i.e., that home bias has strengthened) in …

This paper explores a natural connection between fiscal multipliers and foreign holdings of public debt. Although … likely to be weaker when governments have access to foreign markets to place their debt, increasing the size of multipliers … present. To do so, we assemble a novel database of public debt holdings by domestic and foreign creditors for a large set of …

Why does aggregate foreign direct investment (FDI) fall with distance? We conjecture that high trade costs adversely … affect FDI entry decisions in a dynamic setting, even when controlling for previous export experience in foreign markets. We … decreases with distance. We conclude that trade costs limit a firm’s ability to assess foreign market uncertainty. As a result …