Why do Foreigners Invest in the United States?

Why do Foreigners Invest in the United States?

Why are foreigners willing to invest almost $2 trillion per year in the United States? The answer affects if the existing pattern of global imbalances can persist and if the United States can continue to finance its current account deficit without a major change in asset prices and returns. This...

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Bibliographic Details
Main Author: Forbes, Kristin, J.
Format: Working Paper
Language:en_US
Published: Cambridge, MA; Alfred P. Sloan School of Management, Massachusetts Institute of Technology 2011
Subjects:
home bias
foreign investment
portfolio flows
capital flows
U.S. current account
global imbalances
financial development
return chasing
Online Access:http://hdl.handle.net/1721.1/65425

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