Front Matter
  • 1 0000000404811396 Monetary Fund

Front Matter Page

Research Department


  • I. Introduction

  • II. International financial activities of Small Financial Centers

  • III. Data Construction

  • IV. Country Characteristics and External Balance Sheet of the sifc group

  • V. Bilateral patterns

  • VI. The Effects of the Financial Crisis: A Preliminary Look

  • VII. Concluding Remarks

  • Appendix 1

  • Appendix 2

  • References

  • Tables

  • 1. Small Financial Centers: Main International Financial Activity

  • 2. Basic Country Characteristics

  • 3. Political Status of Small International Financial Centers

  • 4. Exchange Rate Regime

  • 5. SOFC: Size of the External Balance Sheet

  • 6. Relative Importance of Asset Trade with SIFCs

  • 7. Sum of External Assets and Liabilities of Financial Centers

  • Figures

  • 1. Share of SIFC Group in Global Aggregates

  • 2. External Balance Sheets: A Global Comparison

  • 3. Country Shares in SIFC Balance Sheet

  • 4. SIFC Share of External Assets and Liabilities in Broad Group of Financial Centers

  • 5. Composition of International Balance Sheet for SIFC Group

  • 6. Hong Kong S.A.R. of China: FDI Assets and Liabilities

  • 7. A. Share of SIFC Group in Global Cross-Border Portfolio Holdings

  • B. SIFC Claims on and Liabilities vis-à-vis BIS Reporting Banks

  • 8. Claims and Liabilities of SIFC vis-à-vis Individual Partner Countries

Cross-Border Investment in Small International Financial Centers
Author: Mr. Philip R. Lane and Mr. Gian M Milesi-Ferretti