01735cas a2200253 a 4500 AALejournalIMF002379 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451850901 1018-5941 BD-DhAAL BD-DhAAL Lane, Philip. International Financial Integration / Philip Lane, Gian Milesi-Ferretti. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (45 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to international debt stocks. This paper describes the broad trends in international financial integration for a sample of industrial countries and seeks to explain the cross-country and time-series variation in the size of international balance sheets. It also examines the behavior of the rates of return on foreign assets and liabilities, relating them to "market" returns. Mode of access: Internet Milesi-Ferretti, Gian. IMF Working Papers; Working Paper ; No. 2003/086 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/086/001.2003.issue-086-en.xml IMF e-Library