IDEAS home Printed from https://ideas.repec.org/a/pal/ecolmr/v4y2010i6p25-34.html
   My bibliography  Save this article

The UK's international investment position

Author

Listed:
  • Damian Whittard

    (Office for National Statistics)

  • Jawed Khan

    (Office for National Statistics)

Abstract

SUMMARYThis paper describes the path of the UK's net asset position with the rest of the world. Notwithstanding that the UK has run a substantial current account deficit for over a quarter of a century, at the beginning of 2009 the net asset position was not far off balance. The paper begins by detailing recent developments in both the UK's overseas balance sheet, known as the international investment position (IIP), and the current account deficit. It examines the link between the IIP and the cumulative current account deficit over the past forty years and explains that the divergence between the two is due to other changes. The paper then introduces a model which enables a decomposition of these other changes into currency, price and other volume effects. The results are reported in terms of annual and quarterly changes before conclusions are drawn.

Suggested Citation

  • Damian Whittard & Jawed Khan, 2010. "The UK's international investment position," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 4(6), pages 25-34, June.
  • Handle: RePEc:pal:ecolmr:v:4:y:2010:i:6:p:25-34
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/elmr/journal/v4/n6/pdf/elmr201079a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: http://www.palgrave-journals.com/elmr/journal/v4/n6/full/elmr201079a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:ecolmr:v:4:y:2010:i:6:p:25-34. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.palgrave-journals.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.