Christian Offermanns () (Frankfurt University and Deutsche Bundesbank) Marcus Pramor () (Center for Financial Studies)
Abstract
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 for an assessment of the degree of international financial integration. In addition to net foreign asset stocks, we also provide details on the composition of the main asset and liability categories, namely the foreign direct investment, equity investment and debt components. Finally, we report on valuation changes as one of the main sources of discrepancy between transaction-based capital flow data and stock values of investment positions. The dataset is available for download at www.ifk-cfs.de/fileadmin/downloads/data/cfs-icfd.zip.
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Publisher Info
Paper provided by Center for Financial Studies in its series CFS Working Paper Series with number
2007/24.
Length: 26 pages Date of creation: 24 Aug 2007 Date of revision: Handle: RePEc:cfs:cfswop:wp200724
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Find related papers by JEL classification: F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements F34 - International Economics - - International Finance - - - International Lending and Debt Problems F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
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