Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25525
Authors: 
Offermanns, Christian J.
Pramor, Marcus
Year of Publication: 
2007
Series/Report no.: 
CFS Working Paper 2007/24
Abstract: 
This paper documents the methodology underlying the construction of a global database of gross foreign asset and liability positions for 153 countries over the period 1970 to 2004 and illustrates some key data characteristics. The data cover both inflows and outflows of capital and thus allow for an assessment of the degree of international financial integration. In addition to net foreign asset stocks, we also provide details on the composition of the main asset and liability categories, namely the foreign direct investment, equity investment and debt components. Finally, we report on valuation changes as one of the main sources of discrepancy between transaction-based capital flow data and stock values of investment positions. The dataset is available for download at www.ifk-cfs.de/fileadmin/downloads/data/cfs-icfd.zip.
Subjects: 
Net Foreign Assets
Valuation Adjustment
International Financial Integration
JEL: 
F21
F34
F32
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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