A Global Perspective on External Positions

@inproceedings{Lane2005AGP,
  title={A Global Perspective on External Positions},
  author={Philip R. Lane and Gian Maria Maria Milesi-Ferretti},
  year={2005}
}
The paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets and liabilities (such as trade imbalances, investment income flows, and capital gains) for major external creditors and debtors. It also examines the factors driving the foreign asset portfolio of international investors, with a special focus on the… CONTINUE READING

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