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______________________________________________________________________ Chapter 6. International Investment Position

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Abstract

6.1 This chapter will explain the coverage of the international investment position (IIP), its relationship to transactions and other changes in financial assets/liabilities, and its relationship to national balance sheets. This discussion will be based on 1993 SNA paras. 13.1-7, BPM5 paras. 461-463, and BPT paras. 680-689. 6.2 The chapter will state that the international investment position is the balance sheet of the stock of external financial assets and liabilities. The financial items that comprise the position consist of monetary gold, SDRs, claims on nonresidents, and liabilities to nonresidents. Financial assets and liabilities will be cross-referenced to Chapter 5, Classifications. 6.3 The manual will define the assets boundary, as in the 1993 SNA. It will note that guarantees, operating leases, other nonfinancial contractual obligations, and contingencies are excluded from the definition of financial assets/liabilities (see the instrument classification in Chapter 5 Classifications). For example, contractual agreements between a franchisor and a franchisee that a certain percentage of the franchisee’s income will be paid to the franchisor are not included in the asset boundary. However, it will be noted that thes

Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.180.8189
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