Florez-Orrego, Sergio; Maggiori, Matteo; Schreger, Jesse; … - National Bureau of Economic Research - 2023
We survey the literature on global capital allocation. We begin by reviewing the rise of cross-border investment, the … positions. We then turn to the recent literature that uses micro-data to document patterns in global capital allocations. We … and offshore financial centers play in intermediating global capital. We conclude with directions for future research in …