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International Investment Patterns: The Case of German Sectors

Vahagn Galstyan and Adnan Velic ()

Economic Papers from Trinity College Dublin, Economics Department

Abstract: 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) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:tcd:tcduee:tep0217

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