TY  - BOOK
AU  - Florez-Orrego,Sergio
AU  - Maggiori,Matteo
AU  - Schreger,Jesse
AU  - Sun,Ziwen
AU  - Tinda,Serdil
ED  - National Bureau of Economic Research.
TI  - Global Capital Allocation
T2  - NBER working paper series
PY  - 2023///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
KW  - General
KW  - jelc
KW  - International Finance
N1  - August 2023; Hardcopy version available to institutional subscribers
N2  - We survey the literature on global capital allocation. We begin by reviewing the rise of cross-border investment, the shift towards portfolio investment, and the literature focusing on aggregate patterns in multilateral and bilateral positions. We then turn to the recent literature that uses micro-data to document patterns in global capital allocations. We focus on the importance of the currency of denomination of assets in international portfolios and the role that tax havens and offshore financial centers play in intermediating global capital. We conclude with directions for future research in this area
UR  - https://www.nber.org/papers/w31599
UR  - http://dx.doi.org/10.3386/w31599
ER  -