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The holders and issuers of international portfolio securities

Author

Listed:
  • Galstyan, Vahagn
  • Lane, Philip R.
  • Mehigan, Caroline
  • Mercado, Rogelio

Abstract

Research on the geographical distribution of international portfolios has mainly focused on data aggregated to the country level. We exploit newly-available data that disaggregates the holders and issuers of international securities along sectoral lines. We find that patterns evident in the aggregate data do not uniformly apply across the various holding and issuing sectors, such that a full understanding of cross-border portfolio positions requires granular-level analysis.

Suggested Citation

  • Galstyan, Vahagn & Lane, Philip R. & Mehigan, Caroline & Mercado, Rogelio, 2016. "The holders and issuers of international portfolio securities," Journal of the Japanese and International Economies, Elsevier, vol. 42(C), pages 100-108.
  • Handle: RePEc:eee:jjieco:v:42:y:2016:i:c:p:100-108 DOI: 10.1016/j.jjie.2016.08.001
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Martijn Boermans & Robert Vermeulen, 2016. "International investment positions revisited: Investor heterogeneity and individual security characteristics," DNB Working Papers 531, Netherlands Central Bank, Research Department.
    2. repec:eee:jimfin:v:77:y:2017:i:c:p:164-179 is not listed on IDEAS
    3. Avdjiev, Stefan & Hardy, Bryan & Kalemli-Ozcan, Sebnem & Serv�n, Luis, 2017. "Gross Capital Inflows to Banks, Corporates and Sovereigns," CEPR Discussion Papers 11806, C.E.P.R. Discussion Papers.
    4. Stefan Avdjiev & Bryan Hardy & Sebnem Kalemli-Ozcan & Luis Servén, 2017. "Gross Capital Flows by Banks, Corporates and Sovereigns," NBER Working Papers 23116, National Bureau of Economic Research, Inc.
    5. Coates, Dermot & Osborne-Kinch, Jenny & Brian Power, 2017. "Securities Holdings Statistics in Ireland: Introducing the Enhanced Quarterly Statistics," Quarterly Bulletin Articles, Central Bank of Ireland, pages 70-86, January.
    6. Mary Everett & Vahagn Galstyan, 2017. "Cross-Border Banking and Macroeconomic Determinants," Trinity Economics Papers tep0317, Trinity College Dublin, Department of Economics.
    7. Michael Curran & Adnan Velic, 2016. "Real Exchange Rate Persistence and Country Characteristics," Villanova School of Business Department of Economics and Statistics Working Paper Series 31, Villanova School of Business Department of Economics and Statistics.
    8. Schmitz, Martin & Hellmanzik, Christiane, 2016. "Taking gravity online: the role of virtual proximity in international finance," Working Paper Series 1879, European Central Bank.
    9. Pierre Bui Quang & Jonas Heipertz & Natacha Valla, 2017. "International equity portfolio diversification: a sectoral and security-by-security analysis," EconomiX Working Papers 2017-2, University of Paris Nanterre, EconomiX.
    10. Vahagn Galstyan, 2017. "International Investment Patterns: The Case of German Sectors," Trinity Economics Papers tep0217, Trinity College Dublin, Department of Economics.

    More about this item

    Keywords

    International portfolios; International capital flows; Gravity models;

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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