Search Results - subject:"Net Foreign Assets"

East Asia and global imbalances: Saving, investment, and financial development

Ito, Hiro; Chinn, Menzie - 2007

We investigate the role of budget balances, financial development and openness, in the evolution of global imbalances. Financial development or the lack thereof has received considerable attention as a possible contributing factor to the development of persistent and expanding current account...

Persistent link: https://www.econbiz.de/10010285341

The CFS international capital flow database: A user's guide

Offermanns, Christian J.; Pramor, Marcus - Center for Financial Studies - 2007

This paper documents the methodology underlying the construction of a global database of gross foreign asset and liability positions for 153 countries over the period 1970 to 2004 and illustrates some key data characteristics. The data cover both inflows and outflows of capital and thus allow...

Persistent link: https://www.econbiz.de/10010958492

Europe and Global Imbalances

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2007

Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of external deficits and surpluses. We assess the...

Persistent link: https://www.econbiz.de/10005599397

The CFS International Capital Flow Database: A User’s Guide

Offermanns, Christian; Pramor, Marcus - Center for Financial Studies - 2007

Keywords: Net Foreign Assets; Valuation Adjustment; International Financial Integration 1 Introduction Economic interaction … Balance of Payments Statistics (BOPS) and the Inter- national Investment Position (IIP). For the net foreign assets (NFA … between the current account balance and the change in net foreign assets. Since most of the difference between the flow figure …

Persistent link: https://www.econbiz.de/10005600444

Equilibrium Exchange Rates; Assessment Methodologies

Isard, Peter - International Monetary Fund (IMF) - 2007

The paper describes six different methodologies that have been used to assess the equilibrium values of exchange rates and discusses their limitations. It applies several of the approaches to data for the United States as of 2006, illustrates that different approaches sometimes provide...

Persistent link: https://www.econbiz.de/10005825724

Capturing Common Components in High-Frequency Financial Time Series: A Multivariate Stochastic Multiplicative Error Model

Hautsch, Nikolaus - Center for Financial Studies - 2007

We introduce a multivariate multiplicative error model which is driven by componentspecific observation driven dynamics as well as a common latent autoregressive factor. The model is designed to explicitly account for (information driven) common factor dynamics as well as idiosyncratic effects...

Persistent link: https://www.econbiz.de/10005138850

Precautionary Demand for Foreign Assets in Sudden Stop Economies; An Assessment of the New Merchantilism

Mendoza, Enrique G.; Durdu, Ceyhun Bora; Terrones, Marco - International Monetary Fund (IMF) - 2007

Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops in the 1990s. The surge in foreign reserves since then is viewed as a New Merchantilism in which reserves are a war-chest for defense against Sudden Stops. We conduct a quantitative assessment of this...

Persistent link: https://www.econbiz.de/10005263736

Ukraine; Statistical Appendix

International Monetary Fund (IMF); International … - 2007

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Persistent link: https://www.econbiz.de/10011243206

Vietnam; Statistical Appendix

International Monetary Fund (IMF); International … - 2007

Persistent link: https://www.econbiz.de/10011243401

Bangladesh; 2007 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bangladesh

International Monetary Fund (IMF); International … - 2007

The staff report for the 2007 Article IV Consultation on Bangladesh highlights recent developments and policy discussions. Bangladeshâ€™s growth outlook and external position remain robust, but inflation has picked up. Overall macroeconomic stability has been maintained, but fiscal...

Persistent link: https://www.econbiz.de/10011243595