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The Holders and Issuers of International Portfolio Securities

Listed author(s):
  • Vahagn Galstyan

    ()

    (Trinity College Dublin)

  • Philip R. Lane

    ()

    (Central Bank of Ireland and Trinity College Dublin)

  • Caroline Mehigan

    ()

    (OECD)

  • Rogelio Mercado

    ()

    (Trinity College Dublin)

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.

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File URL: https://www.tcd.ie/Economics/TEP/2016/TEP0916.pdf
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Paper provided by Trinity College Dublin, Department of Economics in its series Trinity Economics Papers with number tep0916.

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Length: 28 pages
Date of creation: Jul 2016
Handle: RePEc:tcd:tcduee:tep0916
Contact details of provider: Postal:
Trinity College, Dublin 2

Phone: (+ 353 1) 6081325
Fax: 6772503
Web page: http://www.tcd.ie/Economics/

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  11. Galstyan, Vahagn & Lane, Philip R., 2013. "Bilateral portfolio dynamics during the global financial crisis," European Economic Review, Elsevier, vol. 57(C), pages 63-74.
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  16. Stein, Ernesto & Daude, Christian, 2007. "Longitude matters: Time zones and the location of foreign direct investment," Journal of International Economics, Elsevier, vol. 71(1), pages 96-112, March.
  17. Antonin Aviat & Nicolas Coeurdacier, 2007. "The geography of trade in goods and asset holdings," Post-Print hal-01045223, HAL.
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