Hidden Bibliographic Details
Other authors / contributors: | Milesi-Ferretti, Gian Maria, author.
International Monetary Fund. Research Department, issuing body.
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ISBN: | 1282011219 9781282011212 9781451900828 1451900821 9781451855630 145185563X
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Notes: | Includes bibliographical references. Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
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Summary: | The paper provides a systematic analysis of bilateral, source and host factors driving portfolio equity investment across countries, using newly-released data on international equity holdings at the end of 2001. It develops a model that links bilateral equity holdings to bilateral trade in goods and services and finds that the data strongly support such a correlation. Larger bilateral positions are also associated with proxies for informational proximity. It further documents that the scale of aggregate foreign equity asset and liability holdings is larger for richer countries and countries with more developed stock markets.
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Other form: | Print version: Lane, Philip. International investment patterns. [Washington, D.C.] : International Monetary Fund, ©2004
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