Cross-Border Investment in Small International Financial Centers

Author/Editor:

Philip R. Lane ; Gian M Milesi-Ferretti

Publication Date:

February 1, 2010

Electronic Access:

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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.

Series:

Working Paper No. 10/38

Subject:

English

Publication Date:

February 1, 2010

ISBN/ISSN:

9781451962833/1018-5941

Stock No:

WPIEA2010038

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

33

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