Geographical Trade Structure and Patterns of International Portfolio Investment-the Case of Australia

Kevin Daly and Anil Mishra ()
Additional contact information
Kevin Daly: United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Chapter 7 in Challenges and Opportunities for Trade and Financial Integration in Asia and the Pacific, 2009, vol. 67, pp 120-133 from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: This chapter analyzes the geography of Australia's international portfolio investment using the International Monetary Fund's coordinated Portfolio Investment Survey dataset. It provides some answers to the following questions: (a) why does the pattern of Australia's capital flows not match that of its trade flows; (b) which bilateral factors are responsible for explaining Australia's portfolio equity investment holdings; and (c) are cultural, informational factors important in explaining Australia's portfolio allocations; and (d) how regulatory and legal variables affect equity portfolio holdings? In general, the paper attempts to identify and quantify those determinants that drive Australia's overseas financial investments. In the aftermath of the recent global financial crisis it would appear that information related to those factors that influence investment decisions is now more urgent than at any time in the history of global funds management. More research into the determinants of a country's international investment position would therefore appear desirable, given that the number of relevant drivers appear to be highly volatile and of a country-specific nature.

Keywords: Australia; capital; portfolio; global financial crisis; IMF (search for similar items in EconPapers)
JEL-codes: F1 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.unescap.org/tid/publication/tipub2563_chap7.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.unescap.org/tid/publication/tipub2563_chap7.pdf [301 Moved Permanently]--> https://www.unescap.org/tid/publication/tipub2563_chap7.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: https://EconPapers.repec.org/RePEc:unt:ecchap:tipub2563_chap7

Access Statistics for this chapter

More chapters in STUDIES IN TRADE AND INVESTMENT from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Contact information at EDIRC.
Bibliographic data for series maintained by Mia Mikic ( this e-mail address is bad, please contact ).