International Investment Patterns: The Case of German Sectors
Vahagn Galstyan and
Adnan Velic ()
Economic Papers from Trinity College Dublin, Economics Department
In this paper we exploit the newly augmented Coordinated Portfolio Investment Survey data of the IMF to study the cross-border inter-sectoral portfolio asset holdings of Germany. Our analysis reveals a significant degree of heterogeneity in German international asset positions of various holding entities. The findings of our study also suggest differential relations between portfolio holdings and a set of ``gravity-style'' factors across holder-issuer pairings of various sectors. We conclude that aggregate-level patterns in international portfolio holdings may not persist in sectoral data.
Keywords: international portfolios; sectoral holdings; gravity (search for similar items in EconPapers)
JEL-codes: F30 F41 G15 (search for similar items in EconPapers)
Date: 2017-01, Revised 2018-03
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Journal Article: International Investment Patterns: the Case of German Sectors (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:tcd:tcduee:tep0217
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