Finflows: database for bilateral financial investment stocks and flows
Bilateral financial investments are not commonly available from a single source. Our
database Finflows aims at centralising the information on bilateral capital financial stocks
and financial flows in a single place. It provides estimates of external assets and
liabilities flows between around 80 countries including those from European Union, the
Organisation for Economic Co-operation and Development, Russia, China, Brazil, India and
the largest offshore countries. The database contains yearly data from 2000 to the last
available year (in general with a 20 months delay). Initially developed by (Hobza &
Zeugner, 2014) under the scope of the macroeconomic surveillance work, we provide
bilateral financial investment links broken by class of investment such foreign direct
investment, banking flows or portfolio investment following the Sixth Edition of the IMF's
Balance of Payments and International Investment Position Manual (BPM6, 2009). The
specificity of this database lies in the fact that it includes official intermediated links either
via European Central Bank’s funding or other official flows which were providing financial
assistance to Euro-area countries in distress helping them to refinance their liabilities. We
also consider the investment made during the quantitative easing program of the European
Central Bank in 2010 and redirect those inter-banking transactions and customer
payments that are settled, in real time, within the Euro-zone system when necessary.
Another advantage of the database Finflows relies in the resolution of potential
mismatch between countries’ declarations.
NARDO Michela;
NDACYAYISENGA Nathalie;
PAGANO Andrea;
ZEUGNER Stefan;
2017-11-30
Publications Office of the European Union
JRC108392
978-92-79-74284-2,
1831-9424,
EUR 28833 EN,
OP KJ-NA-28833-EN-N,
https://publications.jrc.ec.europa.eu/repository/handle/JRC108392,
10.2760/172684,
Additional supporting files
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