International investment patterns

被引：210

作者：

Lane, Philip R. ^{[1
]}

Milesi-Ferretti, Glan Maria ^{[1
]}

机构：

[1] Int Monetary Fund, Washington, DC 20431 USA

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2008年 / 90卷 / 03期

关键词：

D O I：

10.1162/rest.90.3.538

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We provide a systematic analysis of the bilateral factors driving portfolio equity holdings across countries. We find that bilateral equity holdings are strongly correlated with bilateral trade in goods and services. Larger bilateral positions are also associated with proxies for informational proximity.

引用

页码：538 / 549

页数：12

共 30 条

[1] Information costs and home bias: an analysis of US holdings of foreign equities [J].