Series: IMF Working Papers
Author(s): Gustavo Adler , and Daniel Garcia-Macia
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 06 April 2018
Keywords: net foreign assets, international investment position, valuation changes, return differential.
With the rapid growth of countries' foreign asset and liability positions over the last two decades, financial returns on those positions ('NFA returns') have become material drivers of current accounts and net sto...