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The Holders and Issuers of International Portfolio Securities

Author

Listed:
  • Vahagn Galstyan

    (Trinity College Dublin)

  • Philip R. Lane

    (Central Bank of Ireland and Trinity College Dublin)

  • Caroline Mehigan

    (OECD)

  • Rogelio Mercado

    (Trinity College Dublin)

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

  • Vahagn Galstyan & Philip R. Lane & Caroline Mehigan & Rogelio Mercado, 2016. "The Holders and Issuers of International Portfolio Securities," Trinity Economics Papers tep0916, Trinity College Dublin, Department of Economics.
  • Handle: RePEc:tcd:tcduee:tep0916
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    File URL: https://www.tcd.ie/Economics/TEP/2016/TEP0916.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    International portfolios; International capital flows; Gravity models;
    All these keywords.

    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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