External Capital Structure: Theory and Evidence
August 1, 2000
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Summary
Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts associated with the structure of external liabilities in developing countries, focusing in particular on FDI and equity stocks.
Subject: Balance of payments, Capital flows, External debt, Financial institutions, Financial markets, Foreign direct investment, Stock markets, Stocks
Keywords: Africa, Asia and Pacific, Capital flows, equity liability, external debt, FDI flow, FDI investment, FDI liability, foreign direct investment, log GDP, Middle East, Net foreign assets, portfolio equity, portfolio equity flow, Stock markets, Stocks, Sub-Saharan Africa, WP
Pages:
33
Volume:
2000
DOI:
Issue:
152
Series:
Working Paper No. 2000/152
Stock No:
WPIEA1522000
ISBN:
9781451857085
ISSN:
1018-5941
