33 Pages Posted: 2 Mar 2010
Date Written: February 2010
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: Asset management, Banking, Capital flows, Cross country analysis, Financial institutions, Foreign direct investment, International financial system
Suggested Citation: Suggested Citation
Milesi-Ferretti, Gian Maria Maria and Lane, Philip R. R., Cross-Border Investment in Small International Financial Centers (February 2010). IMF Working Papers, Vol. , pp. 1-32, 2010. Available at SSRN: https://ssrn.com/abstract=1562406