# Reverse flows (also used in German as a term in balance of payments statistics)

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- Modified: 2023-07-25T21:13:24+00:00
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## Definition

Borrowing by domestic enterprises from - their foreign subsidiaries or - via their financing companies operating abroad that specialize in issuing international bonds. These loans must be included statistically in direct investment. - See direct investment, in-house system, capital movements, international. - Cf. Deutsche Bundesbank Monthly Report of March 2001, p. 71, ECB Monthly Report of July 2005, p. 22 et seq. (analysis of payment flows; overviews). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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