The Dynamics of Asset Ownership

Thomas Kennedy

No 333015, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: As nations trade, invest and sell debt, the ownership of assets like currencies, financial assets and real estate start accumulating in certain countries. Those with positive current accounts create new markets with their foreign currencies. Those with deficits finance their consumption by creating debt instruments, affecting the global bond market. Simflows is a computer model that forecasts the ownership of currencies and debt. It uses national spending and production characteristics to predict new owners of assets. Each year currency accumulations are predicted as well as debt holdings and ownerships of tangible properties. This paper presents graphs showing the dispersion of each country's wealth to other nations and the ownership of foreign assets. Running the program reveals possible crisis points such as global shortages and defaults.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333015

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