TY  - JOUR
AU  - Galstyan, Vahagn
AU  - Lane, Philip R
AU  - Mehigan, Caroline
AU  - Mercado, Rogelio
TI  - The Holders and Issuers of International Portfolio Securities
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 22466
PY  - 2016
Y2  - July 2016
DO  - 10.3386/w22466
UR  - http://www.nber.org/papers/w22466
L1  - http://www.nber.org/papers/w22466.pdf
N1  - Author contact info:
Vahagn Galstyan
Department of Economics
Trinity College Dublin
Dublin 2
Ireland
E-Mail: v.galstyan@tcd.ie

Philip Lane
Central Bank of Ireland
Dublin 2
Ireland
E-Mail: plane@tcd.ie

Caroline Mehigan
Central Bank of Ireland
New Wapping Street
North Wall Quay
Dublin 1
Ireland
E-Mail: Caroline.MEHIGAN@oecd.org

Rogelio Mercado
Department of Economics
Trinity College Dublin
Dublin 2
Ireland
E-Mail: MERCADOR@tcd.ie
M1  - published as Vahagn Galstyan, Philip Lane, Caroline Mehigan, Rogelio Mercado. "The Holders and Issuers of International Portfolio Securities," in Kosuke Aoki, Shin-ichi Fukuda, Takeo Hoshi, and Takashi Kano, organizers, "International Finance in the Global Markets" Elsevier, Journal of the Japanese and International Economies, volume 42 (2016)

M3  - presented at "TRIO Conference", December 16-17, 2015
AB  - Research on the geographical distribution of international portfolios has mainly focused on data aggregated to the country level. We exploit newly-available data that disaggregates the holders and issuers of international securities along sectoral lines. We find that patterns evident in the aggregate data do not uniformly apply across the various holding and issuing sectors, such that a full understanding of cross-border portfolio positions requires granular-level analysis.
ER  -