Location, Technology and the Development of OFCs

Mark Hampton ()

Chapter 5 in The Offshore Interface, 1996, pp 120-136 from Palgrave Macmillan

Abstract: Abstract So far we have examined various factors that affect the development of offshore finance and OFCs: taxation, secrecy, bank regulation, and the role of the state, particularly the relationship of small territory to mainland. In addition, we examined OFCs in the Caribbean region. In this chapter we discuss another important issue — is location significant for OFCs? To do this, we ask two associated questions. First, why is there spatial unevenness in international banking, that is, what accounts for the geographical concentration in centres such as major cities like London and New York or in small territories? Secondly, what are the advantages to the financial services firms from this concentration?

Keywords: Financial Service; Financial Capital; Time Zone; Producer Service; Bank Regulation (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25131-5_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349251315

DOI: 10.1007/978-1-349-25131-5_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().