A Global View of the U.S. Investment Position /

This paper analyzes various indicators of the U.S. international investment position from a portfolio perspective. The 1990s saw a decline in home bias, which, coupled with rapid financial deepening, led to a large increase in gross international investment holdings. The home bias of non-U.S. invest...

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Detalles Bibliográficos
Autor principal: Swiston, Andrew
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2005.
Colección:IMF Working Papers; Working Paper ; No. 2005/181
Acceso en línea:Full text available on IMF
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245 1 2 |a A Global View of the U.S. Investment Position /  |c Andrew Swiston. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper analyzes various indicators of the U.S. international investment position from a portfolio perspective. The 1990s saw a decline in home bias, which, coupled with rapid financial deepening, led to a large increase in gross international investment holdings. The home bias of non-U.S. investors declined more rapidly than that of U.S. investors, allowing the United States to finance a rising stock of net liabilities, even as foreign portfolios remained marketweight or underweight U.S. assets in each investment category. However, a comparison to other countries reveals that the U.S. net international investment position (NIIP) is large given the size of the economy and is deteriorating, especially through a growing negative net debt securities position. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/181 
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