The Resource The Demand for Safe Assets in Emerging Economies and Global Imbalances : New Empirical Evidence, Rudiger Ahrend and Cyrille Schwellnus, (electronic resource)

The Demand for Safe Assets in Emerging Economies and Global Imbalances : New Empirical Evidence, Rudiger Ahrend and Cyrille Schwellnus, (electronic resource)

Label
The Demand for Safe Assets in Emerging Economies and Global Imbalances : New Empirical Evidence
Title
The Demand for Safe Assets in Emerging Economies and Global Imbalances
Title remainder
New Empirical Evidence
Statement of responsibility
Rudiger Ahrend and Cyrille Schwellnus
Creator
Contributor
Subject
Language
eng
Summary
Mismatches between the supply and the demand of safe financial assets in fast-growing emerging countries have been singled out by economic theory as drivers of international capital flows and, ultimately, global current account imbalances. This paper assesses empirically the contribution of the search for safe assets to the size and composition of emerging countries' international asset portfolios. Excess demand for safe assets in financially less-developed countries would imply that these countries hold disproportionately high shares of their total portfolios in foreign assets. Moreover, financially lessdeveloped countries would be expected to hold disproportionately high shares of their foreign portfolios in financially highly-developed countries, as ostensibly safe assets are predominantly produced by the latter. This paper finds little empirical support for these predictions. Financially less-developed countries allocate a larger proportion of their total holdings to domestic assets. Even when focusing on less-developed countries' foreign portfolios, there is no evidence of a general bias toward the assets of financially highlydeveloped countries. Overall, asset mismatches do not appear to be significant drivers of asset allocation of financially less-developed countries
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Ahrend, Rudiger
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Schwellnus, Cyrille
Series statement
OECD Economics Department Working Papers,
Series volume
no.903
http://library.link/vocab/subjectName
Economics
Label
The Demand for Safe Assets in Emerging Economies and Global Imbalances : New Empirical Evidence, Rudiger Ahrend and Cyrille Schwellnus, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762088553
Dimensions
21 x 30 cm
Extent
1 online resource 36 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kg3k8kk0x9s-en
Specific material designation
remote
System control number
(OCoLC)762088553
Label
The Demand for Safe Assets in Emerging Economies and Global Imbalances : New Empirical Evidence, Rudiger Ahrend and Cyrille Schwellnus, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762088553
Dimensions
21 x 30 cm
Extent
1 online resource 36 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kg3k8kk0x9s-en
Specific material designation
remote
System control number
(OCoLC)762088553

Library Locations

  • St. Louis Mercantile LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • Thomas Jefferson LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • University ArchivesBorrow it
    703 Lewis Hall, Columbia, MO, 65211, US
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • Ward E Barnes Education LibraryBorrow it
    8001 Natural Bridge Rd, St. Louis, MO, 63121, US
    38.707079 -90.311355
Processing Feedback ...