International Financial Integration /

In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to interna...

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Hlavní autor: Lane, Philip
Další autoři: Milesi-Ferretti, Gian
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2003.
Edice:IMF Working Papers; Working Paper ; No. 2003/086
On-line přístup:Full text available on IMF
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245 1 0 |a International Financial Integration /  |c Philip Lane, Gian Milesi-Ferretti. 
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490 1 |a IMF Working Papers 
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520 3 |a In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to international debt stocks. This paper describes the broad trends in international financial integration for a sample of industrial countries and seeks to explain the cross-country and time-series variation in the size of international balance sheets. It also examines the behavior of the rates of return on foreign assets and liabilities, relating them to "market" returns. 
538 |a Mode of access: Internet 
700 1 |a Milesi-Ferretti, Gian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/086 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/086/001.2003.issue-086-en.xml  |z IMF e-Library