This paper highlights the increased dispersion in net external positions in recent years, particularly among industrial … countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets … and liabilities (such as trade imbalances, investment income flows, and capital gains) for major external creditors and …

economic growth, in practice its effects are less clear-cut. This paper envisages a gradual and orderly sequencing of external …

We document external investment positions among European Union countries at the start of the financial crisis through … the creation of a new database comprising bilateral external financial asset and liabilities, excluding reserve assets and …