How might a disorderly resolution of global imbalances affect global wealth? /

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 describes the impact on global wealth of an unanticipated shock to U.S. financial mar...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Warnock, Francis E. (Autor)
Autor Corporativo: International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., 2006.
Colección:IMF working paper ; WP/06/170.
Temas:
Asset-liability management.
Portfolio management.
Gestion des actifs et des passifs.
Gestion de portefeuille.
Asset-liability management
Portfolio management
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • I. INTRODUCTION
  • II. EXPOSURE TO LONG- TERM U.S. SECURITIES
  • A. Foreign Positions in U.S. Securities in 2004
  • B. Impact of Declines in the Dollar and U.S. Asset Prices
  • C. Evolution of Exposure: 1994 to 2004
  • D. Exposure to Dollar Bonds Issued by Third Countries
  • III. ANOTHER VIEW OF EXPOSURE IN 2004: U.S. LIABILITIES IMPLIED BY CPIS DATA
  • A. CPIS Data
  • B. CPIS Data: Implied U.S. Liabilities and Impact of U.S. Financial Market Shocks
  • IV. CONCLUSION
  • References

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