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International Finance Through the Lens of BIS Statistics: Residence vs Nationality

In: Measuring International Economics

Author

Listed:
  • Patrick McGuire

    (Bank for International Settlements (BIS))

  • Goetz Peter

    (Bank for International Settlements (BIS))

  • Sonya Zhu

    (Bank for International Settlements (BIS))

Abstract

Statistics used in international economics generally adopt a residence view, centred on an economy and the units located there. This is natural for understanding the geography of capital flows and other macroeconomic issues. However, the system of national accounts does only the extent of globalisation and the rise of multinational firms and financial intermediaries. Their balance sheets straddle national borders, and their decisions affect many countries in ways that are obscured in residence statistics. This feature uses BIS statistics to show how a nationality view, which groups balance sheets by the country of headquarters, can provide insights on policy-relevant issues such as foreign currency debt, deglobalisation and financial openness.

Suggested Citation

  • Patrick McGuire & Goetz Peter & Sonya Zhu, 2025. "International Finance Through the Lens of BIS Statistics: Residence vs Nationality," Springer Books, in: Ursula Schipper & Robert Kirchner & Jens Walter (ed.), Measuring International Economics, pages 189-206, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-77193-4_14
    DOI: 10.1007/978-3-031-77193-4_14
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    Citations

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    Cited by:

    1. Wenqian Huang & Ingomar Krohn & Vladyslav Sushko, 2025. "Global FX markets when hedging takes centre stage," BIS Quarterly Review, Bank for International Settlements, December.
    2. Hermes, Felix & Schmeling, Maik & Schrimpf, Andreas, 2025. "The international dimension of repo: five new facts," Working Paper Series 3065, European Central Bank.
    3. Avdjiev, Stefan & Burger, John & Hardy, Bryan, 2025. "New spare tires: local currency credit as a global shock absorber," Journal of International Money and Finance, Elsevier, vol. 158(C).
    4. Laura Alfaro & Julian Caballero & Bryan Hardy, 2025. "FX debt and optimal exchange rate hedging," BIS Working Papers 1303, Bank for International Settlements.
    5. Han Qiu & Hyun Song Shin & Leanne Si Ying Zhang, 2025. "International footprint of global firms: residence and nationality perspectives on maritime shipments," BIS Bulletins 118, Bank for International Settlements.
    6. Allen, Cían & Juvenal, Luciana, 2025. "The role of currencies in external balance sheets," Journal of International Economics, Elsevier, vol. 157(C).
    7. Patrick McGuire & Goetz von Peter & Sonya Zhu, 2024. "International finance through the lens of BIS statistics: the global reach of currencies," BIS Quarterly Review, Bank for International Settlements, June.
    8. Iñaki Aldasoro & Bryan Hardy & Goetz von Peter & Philip Wooldridge, 2026. "International finance through the lens of BIS statistics: offshore activity," BIS Quarterly Review, Bank for International Settlements, March.
    9. Shin, Wonmun, 2025. "Housing and consumption volatility: the role of rental price rigidity," European Economic Review, Elsevier, vol. 180(C).
    10. Nihad Aliyev & Matteo Aquilina & Khaladdin Rzayev & Sonya Zhu, 2024. "Through stormy seas: how fragile is liquidity across asset classes and time?," BIS Working Papers 1229, Bank for International Settlements.
    11. Swapan-Kumar Pradhan & Eswar Prasad & Előd Takáts & Judit Temesvary, 2026. "Dollarisation waves: new evidence from a comprehensive international bond database," BIS Papers, Bank for International Settlements, number 165, May.
    12. Bernardus F Nazar Van Doornik & Jon Frost & Rafael Guerra & Alexandre Tombini & Christian Upper, 2024. "Towards liquid and resilient government debt markets in EMEs," BIS Quarterly Review, Bank for International Settlements, March.
    13. Nissinen, Juuso, 2024. "Cross-country spillover effects of interest rate and credit constraint policies," Finance Research Letters, Elsevier, vol. 66(C).
    14. Robert N. McCauley, 2024. "The Offshore Dollar and US Policy," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2024(2), pages 1-40, May.

    More about this item

    Keywords

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    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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