Compilation and analysis of international from-whom-to-whom financial stock table for Japan, Korea, the United States, and China

Satoru Hagino () and Jiyoung Kim ()
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Satoru Hagino: Economic and Social Research Institute, Cabinet Office (ESRI)
Jiyoung Kim: Okayama University

Journal of Economic Structures, 2021, vol. 10, issue 1, 1-27

Abstract: Abstract This paper discusses the development of international flow of funds accounts; it compiles and analyzes such accounts with a focus on the global financial crisis. For this purpose, we compile from-whom-to-whom financial stock tables for Japan, Korea, the United States, and China and combine these tables to generate a four-country international from-whom-to-whom financial stock table. Input–output analyses reveal that nonfinancial corporations in the four countries have the largest liability power-of-dispersion and that the Japanese government’s liability power-of-dispersion is large. In contrast, the financial institution sector in Japan has the largest asset power-of-dispersion. In the future, the table could be expanded to include other major Asia–Pacific countries and linked to Euro-area from-whom-to-whom financial stock tables to provide a global from-whom-to-whom financial stock table.

Keywords: Global financial crisis; Input–output analysis; International flow of funds accounts; International from-whom-to-whom financial stock table; Power-of-dispersion (search for similar items in EconPapers)
JEL-codes: F30 R15 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1186/s40008-021-00254-4

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