International Portfolio Investment in 2012
International portfolio investment is sometimes called "hot money." In contrast with foreign direct investment, where a foreign investor takes some management responsibility for ownership, portfolio investment is a purely financial transaction that can be expanded or liquidated quickly. The IMF publishes the results of its annual Coordinated Portfolio Investment Survey each November. There's no big report to accompany this data, but there are summary tables and, if you like, you can easily generate specific tables for different countries in various years back to 1997.
Here's an overview of the top players in international portfolio flows. International holdings of portfolio investment were about $43 trillion in 2012. Just to be clear, this represents international holdings of stock and debt. It doesn't include other international financial flows like bank loans, central banks holding reserves, or foreign direct investment.
When I look over this table, part of what catches my eye is the identify of who is listed in the rows and columns--and who is not listed....MORE
Monday, December 9, 2013
Hot Money: The IMF on International Portfolio Investment Flows
From Conversable Economist:
