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Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] Journal of Economic Structures [ISSN:] 2193-2409 [Volume:] 10 [Article No.:] 23 [Publisher:] Springer [Place:] Heidelberg [Year:] 2021 [Pages:] 1-27
Verlag: 
Springer, Heidelberg
Zusammenfassung: 
This paper discusses the development of international flow of funds accounts; it compiles and analyzes such accounts with a focus on the global financial crisis. For this purpose, we compile from-whom-to-whom financial stock tables for Japan, Korea, the United States, and China and combine these tables to generate a four-country international from-whom-to-whom financial stock table. Input-output analyses reveal that nonfinancial corporations in the four countries have the largest liability power-of-dispersion and that the Japanese government's liability power-of-dispersion is large. In contrast, the financial institution sector in Japan has the largest asset power-of-dispersion. In the future, the table could be expanded to include other major Asia-Pacific countries and linked to Euro-area from-whom-to-whom financial stock tables to provide a global from-whom-to-whom financial stock table.
Schlagwörter: 
Global financial crisis
Input-output analysis
International flow of funds accounts
International from-whom-to-whom financial stock table
Power-of-dispersion
JEL: 
F30
R15
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