International investment patterns /

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Bibliographic Details
Author / Creator:Lane, Philip, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2004.
Description:1 online resource (45 pages)
Language:English
Series:IMF working paper ; no. WP/04/134
IMF working paper ; WP/04/134.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497751
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Other authors / contributors:Milesi-Ferretti, Gian Maria, author.
International Monetary Fund. Research Department, issuing body.
ISBN:1282011219
9781282011212
9781451900828
1451900821
9781451855630
145185563X
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.
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.
Other form:Print version: Lane, Philip. International investment patterns. [Washington, D.C.] : International Monetary Fund, ©2004