A global view of the U.S. investment position
By: prepared by Andrew Swiston.
Contributors: International Monetary Fund. Western Hemisphere Dept.
Series: IMF working paper -- WP/05/181
Publisher: International Monetary Fund, Western Hemisphere Dept.
Published: 2005
Place of publication: Washington, D.C
Language: eng
Number of pages: 23
Subjects: Investments, American.; Investments, Foreign.; Investment analysis.
Description: This paper analyzes various indicators of the U.S. international investment position from a portfolio perspective. The 1990s saw a decline in home bias, which, coupled with rapid financial deepening, led to a large increase in gross international investment holdings. The home bias of non-U.S. investors declined more rapidly than that of U.S. investors, allowing the United States to finance a rising stock of net liabilities, even as foreign portfolios remained marketweight or underweight U.S. assets in each investment category. However, a comparison to other countries reveals that the U.S. net international investment position (NIIP) is large given the size of the economy and is deteriorating, especially through a growing negative net debt securities position.
Notes: "September 2005."

Includes bibliographical references (p. 21-22).

Also available on the World Wide Web.