Offshore Banking-An Analysis of Micro- And Macro-Prudential Issues Luca Errico

ISBN: 9781281603371

Published: September 25th 2013

ebook

57 pages


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Offshore Banking-An Analysis of Micro- And Macro-Prudential Issues  by  Luca Errico

Offshore Banking-An Analysis of Micro- And Macro-Prudential Issues by Luca Errico
September 25th 2013 | ebook | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 57 pages | ISBN: 9781281603371 | 8.53 Mb

Offshore banking is a pervasive activity both with respect to the number of offshore financial centers (OFCs) and the volume of transactions. A number of factors ranging from favorable regulatory frameworks and convenient fiscal regimes, to the possibility of engaging in illegal activities, including money laundering, continue to attract business to OFCs. Offshore banking appears to be a particularly appealing option to the sometimes heavily regulated and maturing financial markets of emerging economies, especially those experiencing sustained high growth rates and in need of investment financing.

Currently, OFCs are an important and growing intermediation channel for emerging economies, as suggested by a large and growing share of OFC assets and liabilities in relation to these countries.



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