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Gian Maria Milesi-Ferretti

Senior Fellow · Brookings Institution

Senior Fellow at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. Works on international capital flows, financial integration, current account sustainability and capital controls. His paper with Philip Lane, The External Wealth of Nations Mark II, received the Bhagwati Award for the best paper in the Journal of International Economics in 2007-2008.

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Published Classic Journal of International Economics Published Dec 2001
The external wealth of nations: measures of foreign assets and liabilities for industrial and developing countries

Philip R. Lane · Gian Maria Milesi-Ferretti

Capital flows were tracked continuously, but the stocks of foreign assets and liabilities they accumulate into were largely unmeasured outside a handful of industrial countries. This paper builds …