Cross-Border Investment in Small International Financial Centers

By Philip R. Lane, Gian M Milesi-Ferretti

February 1, 2010

Preview Citation

Format: Chicago

Philip R. Lane, and Gian M Milesi-Ferretti. Cross-Border Investment in Small International Financial Centers, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Balance of payments, Banking, Financial crises, Financial services, Financial statements, Foreign direct investment, Offshore financial centers, Portfolio investment, Public financial management (PFM)

Keywords: BIS securities statistics, Capital flows, Financial centers, Financial statements, Foreign direct investment, Global, Holding, International investment position, Liability, Offshore financial centers, Portfolio, Portfolio equity share, Portfolio investment, Portfolio liability, SIFC Group, SIFCs, Vis-à-vis SIFCs, WP

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2010/038
Stock No:

WPIEA2010038
ISBN:

9781451962833
ISSN:

1018-5941

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