Cross-Border Investment in Small International Financial Centers

Philip Lane and Gian Maria Milesi-Ferretti ()

No 2010/038, IMF Working Papers from International Monetary Fund

Abstract: This note documents and assesses the role of small financial centers in the international financial system using a newly-assembled dataset. It presents estimates of the foreign asset and liability positions for a number of the most important small financial centers, and places these into context by calculating the importance of these locations in the global aggregate of cross-border investment positions. It also reports some information on bilateral cross-border investment patterns, highlighting which countries engage in financial trade with small financial centers.

Keywords: WP; portfolio; holding; SIFCs; liability; Capital flows; financial centers; international investment position; BIS securities statistics; vis-à-vis SIFCs; portfolio equity share; SIFC Group; portfolio liability; Financial statements; Foreign direct investment; Offshore financial centers; Portfolio investment; Global (search for similar items in EconPapers)
Pages: 33
Date: 2010-02-01
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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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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2010/038

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