European Parliament Library

International Investment Patterns, Philip Lane, Gian Milesi-Ferretti

Abstract
The paper provides a systematic analysis of bilateral, source and host factors driving portfolio equity investment across countries, using newly-released data on international equity holdings at the end of 2001. It develops a model that links bilateral equity holdings to bilateral trade in goods and services and finds that the data strongly support such a correlation. Larger bilateral positions are also associated with proxies for informational proximity. It further documents that the scale of aggregate foreign equity asset and liability holdings is larger for richer countries and countries with more developed stock markets
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. THEORETICAL FRAMEWORK""; ""III. EMPIRICAL STRATEGY""; ""A. Specification""; ""B. Bilateral Factors""; ""C. Source and Host Country Factors""; ""IV. DATA: DESCRIPTION AND ISSUES""; ""A. Stylized Facts of the 2001 CPIS: Aggregate Investment""; ""B. Stylized Facts of the 2001 CPIS: Bilateral Investment Patterns""; ""V. EMPIRICAL ANALYSIS""; ""A. The Determinants of Bilateral Equity Holdings""; ""B. Aggregate Asset Positions""; ""C. Aggregate Liability Positions""; ""VI. CONCLUDING REMARKS""; ""REFERENCES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (46 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451900828

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