Series: IMF Working Papers
Author(s): Philip Lane , and Gian Milesi-Ferretti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2003
Keywords: rates of return, foreign assets, fdi, international financial, international investment, financial integration,
In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover...