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Table 1: De-Facto Openness: Accumulated Stock of Foreign Assets and
Liabilities
(Ratio to GDP)
|
__________Emerging Market Economies |
Industrialized Economies_________ | |||||
|
Year |
Foreign Assets |
Foreign Liabilities |
Total |
Foreign |
Foreign |
Total |
|
1980 |
7.4 |
20.9 |
28.3 |
33.1 |
32.1 |
65.2 |
|
1982 |
9.0 |
28.4 |
37.4 |
38.2 |
37.9 |
76.1 |
|
1985 |
12.9 |
32.8 |
45.7 |
46.6 |
46.4 |
93.0 |
|
1990 |
15.7 |
28.1 |
43.7 |
61.4 |
62.9 |
124.3 |
|
1995 |
26.7 |
46.1 |
72.8 |
70.9 |
71.8 |
142.8 |
|
2000 |
40.8 |
60.0 |
100.8 |
121.2 |
125.1 |
246.4 |
|
2004 |
53.7 |
66.1 |
119.8 |
158.5 |
164.8________ |
323.4 |
Source: Constructed using data from Lane-Milesi-Feretti (2006).
Notes: Emerging Market Economies include: Argentina, Brazil, Chile, Colombia, Mexico, Venezuela,
China, India, Indonesia, Korea, Malaysia, Philippines, Taiwan province of China, Thailand, Czech
Republic, Hungary, Poland, Russia, Israel, South Africa, Turkey