EconPapers    
Economics at your fingertips  
 

International Financial Integration*

Gian Maria Milesi-Ferretti () and Philip Lane

The Institute for International Integration Studies Discussion Paper Series from IIIS

Abstract: In recent decades, foreign assets and liabilities in advanced countries have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to international debt stocks. In this paper, we describe the broad trends in international financial integration for a sample of industrial countries, and seek to explain the cross-country and time-series variation in the size of international balance sheets. We also examine the behavior of the rates of return on foreign assets and liabilities, relating them to ‘market’ returns .

Date: 2003-07-01
New Economics Papers: this item is included in nep-fin and nep-ifn
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (217)

Downloads: (external link)
https://www.tcd.ie/triss/assets/PDFs/iiis/iiisdp03.pdf (application/pdf)

Related works:
Working Paper: International Financial Integration (2003) Downloads
Working Paper: International Financial Integration (2003) Downloads
Working Paper: International Financial Integration (2003) Downloads
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:iis:dispap:iiisdp03

Access Statistics for this paper

More papers in The Institute for International Integration Studies Discussion Paper Series from IIIS 01. Contact information at EDIRC.
Bibliographic data for series maintained by Maeve ().

 
Page updated 2025-03-23
Handle: RePEc:iis:dispap:iiisdp03