Economics at your fingertips  

Returns on foreign assets and liabilities- exorbitant privileges and stabilising adjustments

Zsolt Darvas () and Pia Hüttl

Working Papers from Bruegel

Abstract: Financial globalisation has led to large increases in foreign assets and liabilities in recent decades, increasing the scope for valuation changes that are potentially greater than trade or financial flows. We confirm that the United States enjoys an ‘exorbitant privilege’ on flow income from foreign assets, which is primarily related to foreign direct investment (FDI). The geographical allocation of FDI assets explains only a small part of the US yield...

Date: 2017-11
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... foreign-holdings.pdf (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 paper

More papers in Working Papers from Bruegel Contact information at EDIRC.
Bibliographic data for series maintained by Bruegel ().

Page updated 2020-05-05
Handle: RePEc:bre:wpaper:22975