Effects of Volatile Asset Prices on Balance of Payments and International Investment Position Data

2000 ◽  
Author(s):  
Marco Committeri
Keyword(s):  
Asset Prices ◽  
International Investment ◽  
Balance Of Payments ◽  
Position Data ◽  
International Investment Position

Features of the Formation of Direct Investment Articles and Its Impact on the Balance of Payments and the International Investment Position of the Country

2019 ◽  
Vol 7 (2) ◽  
pp. 14-19
Author(s):  
К. Буневич ◽  
K. Bunevich ◽  
Э. Гаврилова ◽  
E. Gavrilova ◽  
О. Иванова ◽  
...  
Keyword(s):  
Direct Investment ◽  
International Investment ◽  
Balance Of Payments ◽  
Economic Activities ◽  
Economic Relations ◽  
Qualitative Nature ◽  
International Investment Position

The balance of payments and the international investment position (hereinafter referred to as the IIP) reflect the specifics and peculiarities of the country's economy. However, the data of statistical reports on the economic activities of the country represent only the final formed results for a certain period or date. They do not reflect the nature of the formation of their individual articles. For a deeper understanding of the country's economic processes, it is necessary to analyze the qualitative nature of the formation of the final articles included in the statistical reports under consideration; economic relations due to the flow of direct investment and the role of this flow in reflecting the economic processes of the country.

scholarly journals Georgia

2019 ◽  
Vol 2019 (306) ◽  
Author(s):  
Keyword(s):  
Technical Assistance ◽  
External Debt ◽  
International Investment ◽  
Balance Of Payments ◽  
National Statistics ◽  
Financial Account ◽  
National Bank ◽  
External Sector ◽  
International Investment Position

An external sector statistics (ESS) technical assistance (TA) mission visited the National Statistics Office of Georgia (Geostat) in Tbilisi, Georgia, during May 6–10, 2019. It was undertaken at the request of Geostat and was a follow up to the TA mission conducted in November 2016. The main objectives of the mission were to assess the Geostat’s progress in the area of external sector statistics (ESS) and provide further recommendations on improving the data collection and compilation for producing the financial account components, including direct investment statistics, in an integrated format. Additionally, the mission worked closely with the National Bank of Georgia (NBG)—the institution in charge of compilation of balance of payments, international investment position (IIP), and external debt statistics—on issues related to reconciliation between the data provided by the Geostat with compiled ESS datasets.

scholarly journals U.S. Housing as a Global Safe Asset: Evidence from China Shocks

2021 ◽  
Vol 2021 (1332) ◽  
pp. 1-55
Author(s):  
William Barcelona ◽  
◽  
Nathan Converse ◽  
Anna Wong ◽  
◽  
...  
Keyword(s):  
House Prices ◽  
International Investment ◽  
Economic Stress ◽  
Web Traffic ◽  
Safe Haven ◽  
Price Growth ◽  
Position Data ◽  
Low Exposure ◽  
International Investment Position ◽  
The U.S

This paper demonstrates that the measured stock of China's holding of U.S. assets could be much higher than indicated by the U.S. net international investment position data due to unrecorded historical Chinese in ows into an increasingly popular global safe haven asset: U.S. residential real estate. We first use aggregate capital ows data to show that the increase in unrecorded capital in ows in the U.S. balance of payment accounts over the past decade is mainly linked to in ows from China into U.S. housing markets. Then, using a unique web traffic dataset that provides a direct measure of Chinese demand for U.S. housing at the zip code level, we estimate via a difference-in-difference matching framework that house prices in major U.S. cities that are highly exposed to demand from China have on average grown 7 percentage points faster than similar neighborhoods with low exposure over the period 2010-2016. These average excess price growth gaps co-move closely with macro-level measures of U.S. capital in ows from China, and tend to widen following periods of economic stress in China, suggesting that Chinese households view U.S. housing as a safe haven asset.

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