External Capital Structure: Theory and Evidence

Gian Maria Milesi-Ferretti () and Philip Lane

No 2583, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts associated with the structure of external liabilities in developing countries, focusing in particular on FDI and equity stocks.

Keywords: Net foreign assets; External debt; Foreign direct investment; Portfolio equity (search for similar items in EconPapers)
JEL-codes: F21 F34 (search for similar items in EconPapers)
Date: 2000-10
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Citations: View citations in EconPapers (38)

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Working Paper: External Capital Structure: Theory and Evidence (2000)
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