Discussion Paper
Measuring Cross-Border Securities Positions: Explaining Asymmetries between U.S. Treasury TIC and IMF PIP (formerly CPIS) Data
Abstract: Understanding the effects of cross-border securities holdings depends critically on accurate data, and two significant data sources in this area are the U.S. Treasury’s Treasury International Capital (TIC) system and the IMF’s Portfolio Investment Positions by Counterpart Economy (PIP, formerly known as CPIS).
https://doi.org/10.17016/2380-7172.4004
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https://www.federalreserve.gov/econres/notes/feds-notes/measuring-cross-border-securities-positions-explaining-asymmetries-20260213.html
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Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2026-02-13
Number: 2026-02-13-1