Discussion paper

DP7694 Cross-Border Investment in Small International Financial Centers

We document and assess the role of small financial centers in the international financial system using a newly-assembled dataset. We present estimates of the foreign asset and liability positions for a number of the most important small financial centers, 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 centers.

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Citation

MILESI-FERRETTI, G and P Lane (eds) (2010), “DP7694 Cross-Border Investment in Small International Financial Centers”, CEPR Press Discussion Paper No. 7694. https://cepr.org/publications/dp7694