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International Investment Position (international + investment_position)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	100%

Selected Abstracts

Investor Protection and International Investment Positions: An Empirical Analysis,

INTERNATIONAL FINANCE, Issue 2 2006
Teresa L. Cyrus
Given the recent revival of interest in the institutional determinants of global capital flows, we investigate the relationship between investor protection and international investment positions, using data on 40 countries for the period 1970,98. We find that strong shareholder protection is an important predictor of gross foreign direct investment liabilities, while countries with strong creditor protection tend to have positive stocks of net foreign assets. We conclude that the global pattern of investor protection is a significant determinant of international investment positions. [source]

China as a Net Creditor: An Indication of Strength or Weaknesses?

CHINA AND WORLD ECONOMY, Issue 6 2007
Xin Wang
E44; F21; F31; F41 Abstract China's international investment position is characterized by large net foreign assets, a dominance of low-return foreign exchange reserves and costly foreign direct investment in foreign assets and foreign liabilities. In addition, China's foreign investment positions are facing potentially large exchange risks. These features reflect entrenched institutional and structural problems in China, including underdeveloped capital markets, biased resource allocation and a defective social security system. China's net creditor status might actually be an indication of weakness rather than strength. To improve its international investment position, China must speed up economic reforms and allow the market to play a fundamental role in resource allocation. [source]