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The Holders and Issuers of International Portfolio Securities

Author

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

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," NBER Working Papers 22466, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:22466
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F3 - International Economics - - International Finance

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