Economics at your fingertips  

Factors driving the recent improvement in the euro area’s international investment position

Michael Fidora () and Martin Schmitz

Economic Bulletin Boxes, 2018, vol. 3

Abstract: The euro area's international investment position (i.i.p.) improved further in 2017. The recent improvement in the euro area's net i.i.p. was mainly driven by net financial transactions – reflecting the euro area’s current account surplus – and developments in asset prices. As regards financial instruments, the improvement in the euro area's net i.i.p. was mainly due to a shift in portfolio debt securities from a net liability to a net asset position. JEL Classification: F21, F32, F42

Keywords: current account balance; international investment position; portfolio debt; PSPP (search for similar items in EconPapers)
Date: 2018-05
Note: 491968
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
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:

Access Statistics for this article

More articles in Economic Bulletin Boxes from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().

Page updated 2020-01-09
Handle: RePEc:ecb:ecbbox:2018:0003:2