Bilateral International Investments : The Big Sur?
Using country-to-country data, this paper documents a set of novel stylized facts about the rise of the South in global finance. The paper assembles comprehensive bilateral data on cross-border bank loans and deposits, portfolio investment in debt...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/937691608148720263/Bilateral-International-Investments-The-Big-Sur http://hdl.handle.net/10986/34978 |
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okr-10986-349782022-09-20T00:12:08Z Bilateral International Investments : The Big Sur? Broner, Fernando Didier, Tatiana Schmukler, Sergio L. von Peter, Goetz INVESTMENT CLIMATE INTERNATIONAL CAPITAL FLOWS EMERGING MARKET ECONOMIES INTERNATIONAL FINANCIAL INTEGRATION FOREIGN DIRECT INVESTMENT PORTFOLIO INVESTMENTS Using country-to-country data, this paper documents a set of novel stylized facts about the rise of the South in global finance. The paper assembles comprehensive bilateral data on cross-border bank loans and deposits, portfolio investment in debt and equity, foreign direct investment, and international reserves. The main finding is that global financial integration with and especially within the South (countries outside the G7 and Western Europe) has grown faster than within the North. By 2018, the South accounted for 24 to 40 percent of international loans and deposits, portfolio investment, and foreign direct investment, an increase of roughly 10 percentage points since 2001. The growing importance of the South is reflected in the intensive and extensive margins, with fast growth in the number of bilateral links. Although China weighs heavily in these trends, international investment in the rest of the South has increased to a similar extent. 2021-01-07T14:21:01Z 2021-01-07T14:21:01Z 2020-12 Working Paper http://documents.worldbank.org/curated/en/937691608148720263/Bilateral-International-Investments-The-Big-Sur http://hdl.handle.net/10986/34978 English Policy Research Working Paper;No. 9501 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
INVESTMENT CLIMATE INTERNATIONAL CAPITAL FLOWS EMERGING MARKET ECONOMIES INTERNATIONAL FINANCIAL INTEGRATION FOREIGN DIRECT INVESTMENT PORTFOLIO INVESTMENTS |
| spellingShingle |
INVESTMENT CLIMATE INTERNATIONAL CAPITAL FLOWS EMERGING MARKET ECONOMIES INTERNATIONAL FINANCIAL INTEGRATION FOREIGN DIRECT INVESTMENT PORTFOLIO INVESTMENTS Broner, Fernando Didier, Tatiana Schmukler, Sergio L. von Peter, Goetz Bilateral International Investments : The Big Sur? |
| relation |
Policy Research Working Paper;No. 9501 |
| description |
Using country-to-country data, this
paper documents a set of novel stylized facts about the rise
of the South in global finance. The paper assembles
comprehensive bilateral data on cross-border bank loans and
deposits, portfolio investment in debt and equity, foreign
direct investment, and international reserves. The main
finding is that global financial integration with and
especially within the South (countries outside the G7 and
Western Europe) has grown faster than within the North. By
2018, the South accounted for 24 to 40 percent of
international loans and deposits, portfolio investment, and
foreign direct investment, an increase of roughly 10
percentage points since 2001. The growing importance of the
South is reflected in the intensive and extensive margins,
with fast growth in the number of bilateral links. Although
China weighs heavily in these trends, international
investment in the rest of the South has increased to a
similar extent. |
| format |
Working Paper |
| author |
Broner, Fernando Didier, Tatiana Schmukler, Sergio L. von Peter, Goetz |
| author_facet |
Broner, Fernando Didier, Tatiana Schmukler, Sergio L. von Peter, Goetz |
| author_sort |
Broner, Fernando |
| title |
Bilateral International Investments : The Big Sur? |
| title_short |
Bilateral International Investments : The Big Sur? |
| title_full |
Bilateral International Investments : The Big Sur? |
| title_fullStr |
Bilateral International Investments : The Big Sur? |
| title_full_unstemmed |
Bilateral International Investments : The Big Sur? |
| title_sort |
bilateral international investments : the big sur? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/937691608148720263/Bilateral-International-Investments-The-Big-Sur http://hdl.handle.net/10986/34978 |
| _version_ |
1764482075652521984 |