International Banking and Financial Centers

International Banking and Financial Centers PDF Author: Yoon S. Park
Publisher: Springer Science & Business Media
ISBN: 9780792390169
Category : Business & Economics
Languages : en
Pages : 294

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Book Description
The development of international financial centers (IFCs) has paralleled the rapid expansion of international banking and Eurocurrency activities. During the past decade and a half, the international banking and financial markets have experienced phenomenal growth along with the parallel expansion of IFCs. The size of the Eurocurrency market grew from $110 billion in 1970 to over $4,000 billion by 1987, while the total international assets of all banking institutions rose from $130 billion to $4,800 billion during the same period. Some of the preeminent IFCs are playing a major role in the international financial markets, as demonstrated by the size of their international assets: Bahamas ($144 billion), Cayman Islands ($174 billion), Singapore ($150 billion), Hong Kong ($130 billion), Bahrain ($46 billion), and Panama ($32 billion). The patterns of Euroborrowing and Eurolending activities in these IFCs have been undergoing major changes. These changes came about as a result of the introduction of the floating exchange rate system in 1973, recent financial deregulation, internationalization of the financial markets, securitization of financial assets and liabilities, and global financial innovations. Since the pioneering work of Kindleberger in 1974 on the formation of financial centers, there has not been a comprehensive study to reflect the recent developments, trends and the mystique that have surrounded the IFCs' functions and operations in the international money and capital markets.

International Banking and Financial Centers

International Banking and Financial Centers PDF Author: Yoon S. Park
Publisher: Springer Science & Business Media
ISBN: 9780792390169
Category : Business & Economics
Languages : en
Pages : 294

Get Book Here

Book Description
The development of international financial centers (IFCs) has paralleled the rapid expansion of international banking and Eurocurrency activities. During the past decade and a half, the international banking and financial markets have experienced phenomenal growth along with the parallel expansion of IFCs. The size of the Eurocurrency market grew from $110 billion in 1970 to over $4,000 billion by 1987, while the total international assets of all banking institutions rose from $130 billion to $4,800 billion during the same period. Some of the preeminent IFCs are playing a major role in the international financial markets, as demonstrated by the size of their international assets: Bahamas ($144 billion), Cayman Islands ($174 billion), Singapore ($150 billion), Hong Kong ($130 billion), Bahrain ($46 billion), and Panama ($32 billion). The patterns of Euroborrowing and Eurolending activities in these IFCs have been undergoing major changes. These changes came about as a result of the introduction of the floating exchange rate system in 1973, recent financial deregulation, internationalization of the financial markets, securitization of financial assets and liabilities, and global financial innovations. Since the pioneering work of Kindleberger in 1974 on the formation of financial centers, there has not been a comprehensive study to reflect the recent developments, trends and the mystique that have surrounded the IFCs' functions and operations in the international money and capital markets.

The Development of International Banking in Asia

The Development of International Banking in Asia PDF Author: Takeshi Nishimura
Publisher: Springer
ISBN: 9784431556145
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
To provide an understanding of financial globalization from a historical point of view, this book sheds light on international banking in Asia before World War II. International banking facilitated the relationship between Asian economic development and international financial centres. Focusing on the origins of a wide variety of banks not just from Europe but beyond Europe, such as the United States and Asia, particularly Japan and China, this book comprehensively explores competition and collaboration among international banks in Asia. It clarifies international banking’s role of integrating the global market and the impact on both ends of the global economy—the international financial centres in the developed world and the developing economies in Asia. Economic development in Asia from the late nineteenth century to the 1930s as a part of the globalizing economy mirrors Asia’s current role as the global economic-growth powerhouse. This book focuses on the two key similarities between Asia’s past and present: intra-Asian relationships and the relationship between Asia and developed economies, namely, Europe, the United States, and Japan. Getting into the heart of the relationships, i.e., finance, this book presents a sophisticated and realistic image of the tangled network of international economic relations, distinguished from the conventional image of a one-sided advantage or disadvantage among involved nations.

London and Paris as International Financial Centres in the Twentieth Century

London and Paris as International Financial Centres in the Twentieth Century PDF Author: Eric Bussière
Publisher: Oxford University Press, USA
ISBN: 0199269491
Category : Business & Economics
Languages : en
Pages : 382

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Book Description
Table of contents

International Banking and Finance

International Banking and Finance PDF Author: Francis A. Lees
Publisher: Springer
ISBN: 1349021482
Category : Business & Economics
Languages : en
Pages : 420

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Book Description


International Banking Centres

International Banking Centres PDF Author: Bowman Brown
Publisher:
ISBN:
Category : Banks and banking, International
Languages : es
Pages : 172

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Book Description


Banking Secrecy and Offshore Financial Centers

Banking Secrecy and Offshore Financial Centers PDF Author: Mary Alice Young
Publisher: Routledge
ISBN: 0415526329
Category : Business & Economics
Languages : en
Pages : 218

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Book Description
This book brings together the issues surrounding banking secrecy and confiscation of criminal proceeds in offshore financial centres. The book examines the existing legal agreements at the international, regional and national levels and their interaction in the substantive areas of confiscation, anti-money laundering and banking confidentiality laws. The work draws on the insights of criminologists to offer critical insight into the legislative frameworks designed to deal with banking secrecy and confiscation in offshore financial centres. It goes on to offer suggestions for measures that may be taken by major economies to circumvent the lack of cooperation by offshore financial centres as intolerance towards money laundering grows in light of recent political and economic events.

Offshore Finance Centers and Tax Havens

Offshore Finance Centers and Tax Havens PDF Author: Mark Hampton
Publisher: Purdue University Press
ISBN: 9781557531650
Category : Business & Economics
Languages : en
Pages : 284

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Book Description
Offshore finance has transformed many small jurisdictions into high income economies and has facilitated the growth of global financial markets, deregulation and the convergence of economic policies worldwide.

Building Society Industry (RLE Banking and Finance)

Building Society Industry (RLE Banking and Finance) PDF Author: Mark J. Boleat
Publisher: Routledge
ISBN: 0415532698
Category : Business & Economics
Languages : en
Pages : 236

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Book Description
In this book which has become the standard work on building societies, the author takes into account both economic and regulatory changes which took place in the late 1970s and early 1980s. The book is aimed primarily at students in the industry, and also those undertaking relevant undergraduate and postgraduate courses at university. In addition, this book will be invaluable to those working inside the building society industry and to those organizations which come into contact with societies.

Multinational and International Banking

Multinational and International Banking PDF Author: Geoffrey Jones
Publisher: Edward Elgar Pub
ISBN: 9781852785222
Category : Business & Economics
Languages : en
Pages : 610

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Book Description
'In this attractively bound volume, Geoffrey Jones admirably meets the series' general aims, through his careful selection of essays. . . . the introduction provides an authoritative guide to the subject and an invaluable perspective from which to appreciate the various contributions. . . . Jones' selection of material has fully realised his intention of providing a convenient treasure chest of major essays on the topic.' - Michael Collins, Business History

The Role of offshore Centers in International Financial Intermediation

The Role of offshore Centers in International Financial Intermediation PDF Author: Marcel Cassard
Publisher: International Monetary Fund
ISBN: 1451946783
Category : Business & Economics
Languages : en
Pages : 68

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Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.