Unwinding External Stock Imbalances? The Case of Italy’s Net International Investment Position

2018 ◽  
Author(s):  
Valerio Della Corte ◽  
Stefano Federico ◽  
Enrico Tosti
Author(s):  
К. Буневич ◽  
K. Bunevich ◽  
Э. Гаврилова ◽  
E. Gavrilova ◽  
О. Иванова ◽  
...  

The balance of payments and the international investment position (hereinafter referred to as the IIP) reflect the specifics and peculiarities of the country's economy. However, the data of statistical reports on the economic activities of the country represent only the final formed results for a certain period or date. They do not reflect the nature of the formation of their individual articles. For a deeper understanding of the country's economic processes, it is necessary to analyze the qualitative nature of the formation of the final articles included in the statistical reports under consideration; economic relations due to the flow of direct investment and the role of this flow in reflecting the economic processes of the country.


Subject Renminbi internationalisation. Significance The renminbi emerged from relative international obscurity to become the fifth most-used currency in international payments in just over a decade. Nevertheless, its international use as a currency of settlement or foreign exchange reserves remains small compared to the dollar and euro. Without full capital account convertibility, the benefits of its international usage have been restricted to exporters and offshore settlement centres, especially Hong Kong. Impacts Reform will raise renminbi quotas for portfolio investors, boost outward direct investment and develop China's international payment system. Incremental reforms will help rebalance China's net international investment position. In the longer term, internationalisation will benefit domestic bond and equity markets by increasing their depth and liquidity.


2007 ◽  
Vol 42 (1) ◽  
pp. 17-27 ◽  
Author(s):  
Matthew Higgins ◽  
Thomas Klitgaard ◽  
Cédric Tille

2011 ◽  
Vol 10 (1) ◽  
pp. 89-98 ◽  
Author(s):  
Halina Nakonieczna-Kisiel

International Investment Position Versus External Debt The aim of the paper is to provide an answer to the question which phenomenon is a more accurate reflection of Poland's external imbalance: international investment position or external debt. In the first and the second part of the study the definitions and essence of both categories have been explored, in the third and fourth - tendencies in international investment position and the level of external debt, whereas the last part evaluates the external imbalance in Poland.


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