Series: IMF Working Papers
Author(s): Philip Lane , and Gian Milesi-Ferretti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2001
Keywords: Net foreign assets, demographics, foreign asset, foreign assets, net foreign asset, foreign asset position, International Lending and Debt Problems,
International financial integration allows countries to become net creditors or net debtors with respect to the rest of the world. In this paper, we show that a small set of fundamentals-shifts in relative output l...