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Global Capital Allocation

delete2024-08-22
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OA
AI
F
Florez-Orrego, Sergio
M
Maggiori, Matteo
S
Schreger, Jesse *
S
Sun, Ziwen
T
Tinda, Serdil
DOI:10.1146/annurev-economics-081623-020427delete
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摘要

摘要

En 中文
We survey the literature on global capital allocation. We begin by reviewingthe rise of cross-border investment, the shift toward portfolio investment,and the literature focusing on aggregate patterns in multilateral and bilat-eral positions. We then turn to the recent literature that uses micro data todocument patterns in global capital allocations. We focus on the importanceof the currency of denomination of assets in international portfolios and therole that tax havens and offshore financial centers play in intermediatingglobal capital. We conclude with directions for future research in this area
Keyword:
tax havens
global portfolios
home bias
home currency bias
role of the USdollar

期刊

Annual Review of Economics 封面图
Annual Review of Economics
IF:
11.4
论文数:
356
被引数:
4.5K

机构

C
Columbia University
学者数:
7.1W
论文数: 6.4W
被引数: 263
N
New York University
学者数:
4.4W
论文数: 3.9W
被引数: 5.8W
S
Stanford University
学者数:
9.6W
论文数: 8.2W
被引数: 17.0W
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