INTERNATIONAL CAPITAL MOBILITY - A NOTE

This paper examines the balance of foreign assets and liabilities as a n indicator for the degree of internationalization of a nation. It is argued that comparisons of the foreign balance to domestic indicators are flawed, since evaluation standards of the domestic and foreign ind icators differ. New empirical evidence is presented on the impact of a revaluation of foreign direct investment on the overall balance. Copy right (C) 1996 Elsevier Science Ltd