Helpman, E., M. Melitz, and Y. Rubinstein, 2008. “Estimating Trade Flows: Trading Partners and Trading Volumes.” _Quarterly Journal of Economics_ 123 (2): 441–87.

Hines, Jr., J. R. 2010. “Treasure Islands.” _Journal of Economic Perspectives_ 24 (4): 103–26.

Horn, S., C. M. Reinhart, and C. Trebesch. 2019. “China’s Overseas Lending.” NBER Working Paper 26050, National Bureau of Economic Research, Cambridge, MA.

- IMF (International Monetary Fund). 2009. _Balance of Payments and International Investment Position Manual (BPM6),_ sixth edition. Washington, DC: IMF.

- ———. 2017. _World Economic Outlook, April 2017: Gaining Momentum?_ Washington, DC: IMF.

- Jeanne, O. 2007. “International Reserves in Emerging Market Countries: Too Much of a Good Thing?” _Brookings Papers on Economic Activity_ 38 (1): 1–80.

- Kubelec, C., and F. Sa. 2012. “The Geographical Composition of National External Balance Sheets: 1980-2005.” _International Journal of Central Banking_ , June.

- Lane, P. R., and G. M. Milesi-Ferretti. 2001. “The External Wealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and Developing Countries.” _Journal of International Economics_ 55 (2): 263–94.

- ———. 2007. “The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004.” _Journal of International Economics_ 73 (2): 223–50.

- ———. 2008. “International Investment Patterns.” _Review of Economics and Statistics_ 90 (3): 538–49.

- ———. 2011. “Cross-Border Investment in Small International Financial Centres.” _International Finance_ 14 (2): 301–30.

- ———. 2018. “The External Wealth of Nations Revisited: International Financial Integration in the Aftermath of the Global Financial Crisis.” _IMF Economic Review_ 66 (1): 189–222.

- McGuire, P., and G. von Peter. 2012. “The Dollar Shortage in Global Banking and the International Policy Response.” _International Finance_ 15 (2): 155–78.

- Milesi-Ferretti, G. M., N. T. Tamirisa, and F. Strobbe. 2010. “Bilateral Financial Linkages and Global Imbalances: A View on the Eve of the Financial Crisis.” IMF Working Papers 10/257, International Monetary Fund, Washington, DC.

- Obstfeld, M. 2012. “Financial Flows, Financial Crises, and Global Imbalances.” _Journal of International Money and Finance_ 31 (3): 469–80.

- Obstfeld, M., and K. Rogoff. 2005. “The Unsustainable U.S. Current Account Position Revisited.” In _G7 Current Account Imbalances: Sustainability and Adjustment_ , edited by R. Clarida, 339–76. University of Chicago Press.

- Obstfeld, M., J. C. Shambaugh, and A. M. Taylor. 2010. “Financial Stability, the Trilemma, and International Reserves.” _American Economic Journal: Macroeconomics_ 2 (2): 57–94.

- Portes, R., and H. Rey. 2005. “The Determinants of Cross-Border Equity Flows.” _Journal of International Economics_ 65 (2): 269–96.

- Santos Silva, J. M. C., and S. Tenreyro. 2006. “The Log of Gravity.” _Review of Economics and Statistics_ 88 (4): 641–58.

- ———. 2010. “On the Existence of the Maximum Likelihood Estimates in Poisson Regression.” _Economics Letters_ 107 (2): 310–12.

- Shin, H.-S. 2012. “Global Banking Glut and Loan Risk Premium.” _IMF Economic Review_ 60 (2): 155– 92.

- Stein, E., and C. Daude. 2007. “Longitude Matters: Time Zones and the Location of Foreign Direct Investment.” _Journal of International Economics_ 71 (1): 96–112.

- UNCTAD (United Nations Conference on Trade and Development). 2018. _Forging a Path Beyond Borders: The Global South_ . Geneva: UNCTAD.

- World Bank. 2018. _Global Financial Development Report: Bankers without Borders_ . Washington, DC: World Bank.

30