THE EXTERNAL WEALTH OF NATIONS: Measures of Foreign Assets and Liabilities For Industrial and Developing Countries
Philip Lane and
Gian Maria Milesi-Ferretti (gmilesiferretti@brookings.edu)
Economic Papers from Trinity College Dublin, Economics Department
Abstract:
Although capital flows are closely monitored, surprisingly little is known about the accumulated stocks of foreign assets and liabilities held by various countries, especially in the developing world. This paper constructs estimates of foreign assets and liabilities and their equity and debt subcomponents for a sample of 67 industrial and developing countries. It characterizes the stylized facts of international balance sheets and asks whether there are trends in net foreign asset positions and shifts in debt-equity ratios over time. Finally, it explores the sensitivity of estimated stock positions to the treatment of valuation effects not captured in balance of payments data.
JEL-codes: F21 F34 (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (593)
Downloads: (external link)
http://www.tcd.ie/Economics/TEP/2001_papers/tepno4PL21.PDF (application/pdf)
Related works:
Journal Article: The external wealth of nations: measures of foreign assets and liabilities for industrial and developing countries (2001)
Working Paper: THE EXTERNAL WEALTH OF NATIONS: Measures of Foreign Assets and Liabilities For Industrial and Developing Countries (2001)
Working Paper: The External Wealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and Developing Countries (1999)
Working Paper: The External Wealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and Developing Countries (1999)
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:tcd:tcduee:20014
Access Statistics for this paper
More papers in Economic Papers from Trinity College Dublin, Economics Department Contact information at EDIRC.
Bibliographic data for series maintained by Colette Angelov (econres@tcd.ie).