Series: IMF Working Papers
Author(s): Francis Warnock
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2006
Keywords: U.S. asset holdings, global asset portfolios, disorderly currency adjustments, global current account imbalances, cpis, bonds, bond, bond markets, financial markets, International Lending and Debt Problems
Partly reflecting structural advantages such a liquidity and strong investor protection, foreigners have built up extremely large positions in U.S. (as well as other dollar-denominated) financial assets. This paper...