The Holders and Issuers of International Portfolio Securities

Vahagn Galstyan; Philip Lane; Caroline Mehigan; Rogelio Mercado

doi:10.1016/j.jjie.2016.08.001

The Holders and Issuers of International Portfolio Securities

Vahagn Galstyan, Philip Lane, Caroline Mehigan, Rogelio Mercado

BL Faculty Management and Administration

Research output: Contribution to journal › Article › peer-review

13 Citations (Scopus)

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 disaggregate 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.

Original language	English
Pages (from-to)	100-108
Journal	Journal of the Japanese and International Economies
Volume	42
Early online date	17 Aug 2016
DOIs	https://doi.org/10.1016/j.jjie.2016.08.001
Publication status	Published - 1 Dec 2016

Keywords

International portfolios
International capital flows
Gravity models

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10.1016/j.jjie.2016.08.001

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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 disaggregate 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.",

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AU - Mehigan, Caroline

AU - Mercado, Rogelio

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AB - Research on the geographical distribution of international portfolios has mainly focused on data aggregated to the country level. We exploit newly-available data that disaggregate 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.

KW - International portfolios

KW - International capital flows

KW - Gravity models

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DO - 10.1016/j.jjie.2016.08.001

M3 - Article

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EP - 108

JO - Journal of the Japanese and International Economies

JF - Journal of the Japanese and International Economies

ER -

The Holders and Issuers of International Portfolio Securities

Abstract

Keywords

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