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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...
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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...
Persistent link: https://www.econbiz.de/10013147316
risk averse, contributing to lack of diversity in domestic capital markets and limited provision of risk money to the world …
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This paper investigates whether the poor reputation of a small island offshore centre would affect the centre … consequences for the stability of small island economies. Further, the results for all the islands indicate that foreign direct … is that a favourable reputation would undoubtedly be essential for an island's economic and financial stability …
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