ABSTRACT
The aim of this chapter is to investigate the geographical shifts in international portfolio patterns of Asian investors during the 2001-7 period. While a considerable literature explores the cross-sectional variation in bilateral portfolio holdings, there has been relatively little research on the evolution of bilateral patterns over time. The current chapter exploits the growing availability of portfolio data from theCoordinated Portfolio Investment Survey (CPIS) of the InternationalMonetary Fund (IMF) in order to obtain new empirical evidence on the time-series evolution of portfolio positions of a group of Asian investor economies.
