Cross-Border Investment in Small International Financial Centers

Gian Maria Milesi-Ferretti () and Philip Lane

No 7694, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We document and assess the role of small financial centers in the international financial system using a newly-assembled dataset. We present estimates of the foreign asset and liability positions for a number of the most important small financial centers, and place these into context by calculating the importance of these locations in the global aggregate of cross-border investment positions. We also report data on bilateral cross-border investment patterns, highlighting which countries engage in financial trade with small financial centers.

Keywords: Financial centers; Foreign assets; Portfolio investment (search for similar items in EconPapers)
JEL-codes: F31 F32 (search for similar items in EconPapers)
Date: 2010-02
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Citations: View citations in EconPapers (20)

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Related works:
Journal Article: Cross-Border Investment in Small International Financial Centres (2011)
Working Paper: Cross-Border Investment in Small International Financial Centers (2010)
Working Paper: Cross-Border Investment in Small International Financial Centers (2010)
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