Cover IMF Working Papers
External Capital Structure: Theory and Evidence
Author: Mr. Philip R. Lane and Mr. Gian M Milesi-Ferretti
Series:
IMF Working Papers
Volume/Issue:
Volume 2000: Issue 152
Language:
English
Publication Date:
01 Aug 2000
DOI:
https://doi.org/10.5089/9781451857085.001
ISBN:
9781451857085
ISSN:
1018-5941
Pages:
33
Keywords:
WP; portfolio equity flow; FDI liability; FDI flow; FDI investment; log GDP; Net foreign assets; portfolio equity; foreign direct investment; external debt; equity liability; Stocks; Capital flows; Stock markets; Middle East; Asia and Pacific; Africa; Sub-Saharan Africa
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts associated with the structure of external liabilities in developing countries, focusing in particular on FDI and equity stocks.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund