A Global Perspectiveon External Positions /

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...

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Bibliografiska uppgifter
Huvudupphovsman: Milesi-Ferretti, Gian
Övriga upphovsmän: Lane, Philip
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2005.
Serie:IMF Working Papers; Working Paper ; No. 2005/161
Länkar:Full text available on IMF
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100 1 |a Milesi-Ferretti, Gian. 
245 1 2 |a A Global Perspectiveon External Positions /  |c Gian Milesi-Ferretti, Philip Lane. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (44 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 debtors. It also examines the factors driving the foreign asset portfolio of international investors, with a special focus on the weight of U.S. liabilities in the rest of the world's stock of external assets. Finally, it relates the empirical evidence to the current debate about the roles of portfolio balance effects and exchange rate adjustment in shaping the external adjustment process. 
538 |a Mode of access: Internet 
700 1 |a Lane, Philip. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/161 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2005/161/001.2005.issue-161-en.xml  |z IMF e-Library