EconPapers    
Economics at your fingertips  
 

The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities,1970–2004

Philip Lane and Gian Maria Milesi-Ferretti ()

The Institute for International Integration Studies Discussion Paper Series from IIIS

Abstract: We construct estimates of external assets and liabilities for over 140 countries over the period 1970-2004. We describe our estimation methods and present some key features of the data, both at the country and at the global level. We focus in particular on trends in net and gross external positions, as well as on the composition of international portfolios, distinguishing between foreign direct investment, portfolio equity investment, foreign exchange reserves, and external debt. We also document the existence of a “world net foreign asset discrepancy” (the stock counterpart to the world current account discrepancy) and identify the asset categories that account for this discrepancy.

Keywords: International financial integration; net foreign assets (search for similar items in EconPapers)
JEL-codes: F32 (search for similar items in EconPapers)
Date: 2006-04-05
New Economics Papers: this item is included in nep-cba, nep-fin and nep-fmk
Note: Length:
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (317)

Downloads: (external link)
https://www.tcd.ie/triss/assets/PDFs/iiis//iiisdp126.pdf (application/pdf)

Related works:
Journal Article: The external wealth of nations mark II: Revised and extended estimates of foreign assets and liabilities, 1970-2004 (2007) Downloads
Working Paper: The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004 (2006) Downloads
Working Paper: The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970–2004 (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iis:dispap:iiisdp126

Access Statistics for this paper

More papers in The Institute for International Integration Studies Discussion Paper Series from IIIS 01. Contact information at EDIRC.
Bibliographic data for series maintained by Maeve ().

 
Page updated 2025-03-23
Handle: RePEc:iis:dispap:iiisdp126