A Global View of the U.S. Investment Position

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Price:  $15.00

Author/Editor: Andrew Swiston
Release Date: © September, 2005
ISBN : 978-1-45186-200-3
Stock #: WPIEA2005181
Stock Status: On back-order

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This paper analyzes various indicators of the U.S. international investment position from a portfolio perspective. The 1990s saw a decline in home bias, which, coupled with rapid financial deepening, led to a large increase in gross international investment holdings. The home bias of non-U.S. investors declined more rapidly than that of U.S. investors, allowing the United States to finance a rising stock of net liabilities, even as foreign portfolios remained marketweight or underweight U.S. assets in each investment category. However, a comparison to other countries reveals that the U.S. net international investment position (NIIP) is large given the size of the economy and is deteriorating, especially through a growing negative net debt securities position.

More publications in this series: Working Papers

More publications by: Andrew Swiston