• Media type: E-Article
  • Title: Compilation and analysis of international from-whom-to-whom financial stock table for Japan, Korea, the United States, and China
  • Contributor: Hagino, Satoru [Author]; Kim, Jiyoung [Author]
  • Published: Heidelberg: Springer, 2021
  • Language: English
  • DOI: https://doi.org/10.1186/s40008-021-00254-4
  • Keywords: F30 ; International flow of funds accounts ; R15 ; Global financial crisis ; Input-output analysis ; International from-whom-to-whom financial stock table ; Power-of-dispersion
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  • Description: This paper discusses the development of international flow of funds accounts; it compiles and analyzes such accounts with a focus on the global financial crisis. For this purpose, we compile from-whom-to-whom financial stock tables for Japan, Korea, the United States, and China and combine these tables to generate a four-country international from-whom-to-whom financial stock table. Input-output analyses reveal that nonfinancial corporations in the four countries have the largest liability power-of-dispersion and that the Japanese government's liability power-of-dispersion is large. In contrast, the financial institution sector in Japan has the largest asset power-of-dispersion. In the future, the table could be expanded to include other major Asia-Pacific countries and linked to Euro-area from-whom-to-whom financial stock tables to provide a global from-whom-to-whom financial stock table.
  • Access State: Open Access
  • Rights information: Attribution (CC BY)