1  The international investment position (IIP) is a country’s balance sheet in relation to the rest of the world, one side of which is its total foreign assets including official reserves and the other is its external liabilities.
2  BIS central bankers’ speeches  The long term trend in capital flows indicates that the peaks in capital flows are often followed by sudden fall. In the 2000s, net capital flows to EDEs peaked to 4 per cent of their GDP just before the global financial crisis in 2008 (Chart 2).