The External Wealth of Nations Mark Ii: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004
Citations
2,015 citations
1,428 citations
1,083 citations
1,027 citations
816 citations
References
666 citations
461 citations
447 citations
430 citations
"The External Wealth of Nations Mark..." refers background in this paper
...…of international balance sheets has been the subject of wide discussion in recent years, with an excessive reliance on debt finance perceived as increasing vulnerability and an equity-based financing promoted as improving international risk sharing (Rogoff, 1999; Lane and Milesi-Ferretti, 2001b)....
[...]
408 citations
"The External Wealth of Nations Mark..." refers background or methods in this paper
...The Scale of International Financial Integration In Lane and Milesi-Ferretti (2003), we constructed a volume-based measure of international financial integration ( ) ,it itit it FA FLIFIGDP GDP + = (2) where FA (FL) denotes the stock of external assets (liabilities)....
[...]
...To explore this issue, we report a second measure of financial integration that focuses exclusively on portfolio equity and FDI holdings (see Lane and Milesi-Ferretti, 2003): ( ) ,it it it itit it PEQA FDIA PEQL FDILGEQGDP GDP + + + = (3) where PEQA (PEQL) denotes the stock of portfolio equity…...
[...]
...Figure 7, which reports the ratio of external debt and official reserves to 22 Trends for industrial countries are discussed more at length in Lane and Milesi-Ferretti (2003)....
[...]
...Among other countries, those in emerging Europe, the Commonwealth of Independent States 1 Lane and Milesi-Ferretti (2001a, 2003, 2005a), Tille (2003)....
[...]