| Description |
1 online resource (43 pages) : color illustrations |
| Series |
IMF working paper ; WP/14/74 |
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IMF working paper ; WP/14/74.
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| Contents |
Cover; Contents; I. Introduction; II. Model and Methodology; Figures; Figure 1: Time trend of concentration index; III. Data and Main Variables; Box1. Valuation Changes; Figure 2. Standard deviation of returns on portfolio investments; Figure 3. The comparison of distributions of main variables before and during the crisis; Figure 3 (continued). The comparison of distributions of main variables before and during the crisis; IV. Empirical Results; Figure 4. The distribution of concentration index before and during the crisis; A. Effect of investment type; B. Effect of share of invested assets |
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C. Time effectD. Policy implications and possible extensions; V. Conclusion; References; Tables; 1. Variables and data sources; 2. Investment type across countries; 3. Correlation matrix; 4. Descriptive statistics of the variables; 5. Portfolio investments, 2001-10; 6. Portfolio investments, 2001-10, share below or equal to 1 percent; 7. Portfolio investments, 2001-10, share in the range of 1 and 7 percent; 8. Portfolio investments, 2001-10, share equal to or above 7 percent; 9. Portfolio investments, 2001-06; 10. Portfolio investments, 2001-06, share below or equal to 1 percent |
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11. Portfolio investments, 2001-06, share in the range of 1 and 7 percent12. Portfolio investments, 2001-06, share equal to or above 7 percent; 13. Portfoio investments, 2007-10; 14. Portfolio investments, 2007-10, share below 1 percent; 15. Portfolio investments, 2007-10, share in the range of 1 and 7 percent; 16. Portfolio investments, 2007-10, share equal to or above 7 percent; 17. Interaction terms, 2001-2010; 18. Interaction terms, 2001-2006; 19. Interaction terms, 2007-2010 |
| Summary |
"This paper examines the international portfolio flows of European Union. Our analysis includes three dimensions: (1) the level of countries' portfolio investment concentration (those who invest evenly among counterparties versus those who invest more heavily in some counterparties); (2) the share of total portfolio investment assets invested at the destination; and (3) pre- and during the crisis periods. We find that portfolio investment positions respond differently to macroeconomic variables depending on the level of investment concentration and the share of invested assets. In particular, variables of health of the financial system become important determinants for portfolio investment during the crisis"--Abstract |
| Notes |
"Statistics Department"--Page 2 of pdf |
|
"April 2014"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed May 20, 2014) |
| Subject |
Portfolio management -- Europe
|
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Investments, Foreign.
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Capital movements.
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Financial crises
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Capital movements
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Financial crises
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Investments, Foreign
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Portfolio management
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Europe
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| Form |
Electronic book
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| Author |
Hashimoto, Yuko, author.
|
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International Monetary Fund. Statistics Department, issuing body.
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| ISBN |
9781484366165 |
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9781484365939 |
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1484365933 |
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1484366166 |
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