11. In interpreting ratios such as those in Table 20-1, one must be cautious about drawing the...
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11. In interpreting ratios such as those in Table 20-1, one must be cautious about drawing the conclusion that diversification is rising as rapidly as the reported numbers rise. Suppose a Brazilian buys a Japanese international equity fund, which places its client’s money in Brazil’s stock market. What happens to Brazilian and Japan gross foreign assets and liabilities? What happens to Brazilian and Japan international diversification?
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Related Book For 
International Finance Theory And Policy
ISBN: 9781292238739
11th Global Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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