TY - BOOK AU - Milesi-Ferretti,Gian AU - Strobbe,Francesco AU - Tamirisa,Natalia T. TI - Bilateral Financial Linkages and Global Imbalances: a View on The Eve of the Financial Crisis T2 - IMF Working Papers; Working Paper SN - 1455209570 : SN - 1018-5941 PY - 2010/// CY - Washington, D.C. PB - International Monetary Fund KW - Claims KW - imf KW - FDI KW - Foreign Exchange Reserves KW - International Financial Integration KW - Portfolio Investment KW - China, People's Republic of KW - Japan KW - United Kingdom KW - United States N2 - We present a novel and comprehensive dataset of bilateral gross and net external positions in various financial instruments for the main advanced and emerging economies and regions, designed to improve our understanding of cross-border financial linkages. The data show no strong correspondence between country or region pairs with the largest gross versus net external positions, and the importance of international financial centers, including offshore centers, in intermediating financial flows. We also highlight some important data gaps in completing a network of cross-border holdings, related to the limited available information on the size and geographical pattern of external claims and liabilities of offshore centers, oil exporters, and other mostly emerging markets UR - http://elibrary.imf.org/view/IMF001/11408-9781455209576/11408-9781455209576/11408-9781455209576.xml UR - http://www.imfbookstore.org/IMFORG/9781455209576 ER -