1. The External Wealth of Nations Mark II Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004 Philip R. Lane IIIS, Trinity College Dublin and CEPR Gian Maria Milesi-Ferretti IMF, Research Department and CEPR

10. World liabilities (share of world GDP)

12. What do we know about the missing money?

15. Results

16. Can we learn something more from the US and Irish surveys?

19. Stylized facts I . International financial integration (assets+liabilities/GDP)

20. Stylized facts (II) II . International financial and trade integration (assets+liabilities/exports+imports)

21. I nternational equity integration (FDI+portfolio equity) Assets+liabilities/GDP

22. External capital structure Emerging and developing countries

24. Net foreign assets and GDP per capita, 2004

25. Net foreign assets and GDP per capita, 2004 (emerging and developing economies)

26. Net foreign assets, broad country groups (pct of GDP)

27. NFA (pct of world GDP)

28. NFA/GDP: 1996 and 2004

29. NFA/GDP: 1996 and 2004

30. NFA/GDP: 1996 and 2004