The Holders and Issuers of International Portfolio Securities

29 Pages Posted: 1 Aug 2016

See all articles by Vahagn Galstyan

Vahagn Galstyan

Trinity College (Dublin) - Department of Economics

Philip R. Lane

Trinity College (Dublin) - Department of Economics; Centre for Economic Policy Research (CEPR); Central Bank of Ireland

Caroline Mehigan

Organization for Economic Co-Operation and Development (OECD)

Rogelio Mercado

The SEACEN Centre

Multiple version iconThere are 2 versions of this paper

Date Written: July 2016

Abstract

Research on the geographical distribution of international portfolios has mainly focused on data aggregated to the country level. We exploit newly-available data that disaggregates the holders and issuers of international securities along sectoral lines. We find that patterns evident in the aggregate data do not uniformly apply across the various holding and issuing sectors, such that a full understanding of cross-border portfolio positions requires granular-level analysis.

Suggested Citation

Galstyan, Vahagn and Lane, Philip R. and Mehigan, Caroline and Mercado, Rogelio, The Holders and Issuers of International Portfolio Securities (July 2016). NBER Working Paper No. w22466. Available at SSRN: https://ssrn.com/abstract=2816740

Vahagn Galstyan (Contact Author)

Trinity College (Dublin) - Department of Economics ( email )

Arts Building
Room 3014
Dublin
Ireland

Philip R. Lane

Trinity College (Dublin) - Department of Economics ( email )

Trinity College
Dublin 2
Ireland
+353 1 608 2259 (Phone)
+353 1 677 2503 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Central Bank of Ireland ( email )

P.O. Box 559
Dame Street
Dublin, 2
Ireland

Caroline Mehigan

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

Rogelio Mercado

The SEACEN Centre ( email )

Level 5, Sasana Kijang, Bank Negara Malaysia
2 Jalan Dato’ Onn
Kuala Lumpur, 50480
Malaysia

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