Estimates of Foreign Assets and Liabilities for Ireland
No 3/RT/19, Research Technical Papers from Central Bank of Ireland
This paper calculates foreign assets and liabilities for Ireland that are more reflective of foreign activities of Irish-resident entities. This is accomplished by stripping from the Irish international investment position the intermediation component that arises from the activities of investment funds and special purpose entities and, to some extent, correcting distortions arising from redomiciled PLCs, intellectual property transfers and aircraft leasing. My estimations not only reduce substantially gross external positions, but also shrink the extent of Irish net foreign indebtedness from 280 to 80 per cent of modified gross national income.
Keywords: Ireland; foreign assets; foreign liabilities; international investments. (search for similar items in EconPapers)
JEL-codes: F21 F34 F39 (search for similar items in EconPapers)
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