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Cross‐Border Investment in Small International Financial Centres
Author(s) -
Lane Philip R.,
MilesiFerretti Gian Maria
Publication year - 2011
Publication title -
international finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.458
H-Index - 39
eISSN - 1468-2362
pISSN - 1367-0271
DOI - 10.1111/j.1468-2362.2011.01281.x
Subject(s) - context (archaeology) , foreign direct investment , investment (military) , finance , asset (computer security) , economics , liability , financial integration , international investment , business , financial system , international economics , financial market , macroeconomics , political science , politics , geography , computer security , archaeology , computer science , law
We document and assess the role of small financial centres in the international financial system using a newly assembled data set. We present estimates of the foreign asset and liability positions for a number of the most important small financial centres 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 centres.