# **Table 1. Cross-border investments, by pairs of regions**

# _Panel A. In Millions of 2011 U.S. Dollars_

|||**Portfolio I**|**nvestments**||||**Flows from Re**|**gion A to Regi**|**on B**||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**of Region A**|**in Region B**||**Syndicated Lo**|**ans**||**M&A**|||**Gree**|**nfield**|
|**Source**|**Receiver**|**2001-2005**|**2006-2011**|**1996-2000**|**2001-2005**|**2006-2012**|**1990-1995**|**1996-2000**|**2001-2005**|**2006-2011**|**2003-2005**|**2006-2011**|
|LAC|North|44,325|146,054|598|2,055|3,614|1,362|2,331|4,193|10,065|1,991|2,705|
|LAC|South|928|6,442|9|49|357|0|342|56|2,791|3,858|4,051|
|North|LAC|291,555|573,452|59,914|46,498|64,932|6,489|46,961|23,333|30,935|70,923|79,262|
|South|LAC|1,847|10,527|968|1,591|5,623|517|876|405|7,579|15,348|14,894|
|LAC|LAC|3,475|11,370|109|558<br>_Panel B. No_|1,619<br>_rmalized by LAC's_|709<br>_GDP_|3,388|3,627|6,054|10,069|10,054|

|||**Portfolio I**<br>|**nvestments**<br>||||**Flows from R**|**egion A to Regi **|**on B**||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**of Region A**|**in Region B**||**Syndicated Loa**|**ns**||**M&A**|||**Gree**|**nfield**|
|**Source**|**Receiver**|**2001-2005**|**2006-2011**|**1996-2000**|**2001-2005**|**2006-2012**|**1990-1995**|**1996-2000**|**2001-2005**|**2006-2011**|**2003-2005**|**2006-2011**|
|LAC|North|1.63%|3.15%|0.02%|0.07%|0.08%|0.06%|0.08%|0.16%|0.24%|0.08%|0.06%|
|LAC|South|0.03%|0.14%|0.00%|0.00%|0.01%|0.00%|0.01%|0.00%|0.07%|0.14%|0.09%|
|North|LAC|10.83%|12.43%|2.11%|1.74%|1.43%|0.28%|1.67%|0.88%|0.67%|2.63%|1.69%|
|South|LAC|0.07%|0.22%|0.03%|0.06%|0.12%|0.02%|0.03%|0.02%|0.15%|0.55%|0.33%|
|LAC|LAC|0.13%|0.25%|0.00%|0.02%|0.03%|0.03%|0.12%|0.14%|0.14%|0.35%|0.22%|

_Panel C. Normalized by Sqrt (GDP of Source Region * GDP of Receiver Region)_

|||**Portfolio I**<br>|**nvestments**<br>||||**Flows from R**|**egion A to Regi **<br>|**on B**<br>||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**of Region A**|**in Region B**||**Syndicated Loa**|**ns**||**M&A**|||**Gree**|**nfield**|
|**Source**|**Receiver**|**2001-2005**|**2006-2011**|**1996-2000**|**2001-2005**|**2006-2012**|**1990-1995**|**1996-2000**|**2001-2005**|**2006-2011**|**2003-2005**|**2006-2011**|
|LAC|North|0.46%|1.08%|0.01%|0.02%|0.03%|0.02%|0.02%|0.04%|0.08%|0.02%|0.02%|
|LAC|South|0.02%|0.07%|0.000%|0.001%|0.004%|0.00%|0.01%|0.00%|0.03%|0.07%|0.04%|
|North|LAC|3.05%|4.27%|0.64%|0.49%|0.49%|0.08%|0.50%|0.25%|0.23%|0.73%|0.58%|
|South|LAC|0.03%|0.11%|0.02%|0.03%|0.06%|0.01%|0.02%|0.01%|0.07%|0.28%|0.16%|
|LAC|LAC|0.13%|0.25%|0.00%|0.02%|0.03%|0.03%|0.12%|0.14%|0.14%|0.35%|0.22%|

This table shows for syndicated loans, M&A, and greenfield investments the yearly average flow from one region to another. For portfolio investments, the table shows the yearly average value of the holdings by source and receiver region. Panel A shows the results measured in millions of 2011 U.S. dollars. Panel B shows the results normalized by LAC’s GDP. Panel C shows the results normalized by the average GDP of the sender and receiver region. North countries are the G7 and Western Europe. South countries are all the others (excluding LAC countries). Offshore centers are excluded from the sample.