Download or read book International Banking and Financial Centers written by Yoon S. Park and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Preeminence of International Financial Centers written by Howard Curtis Reed and published by Greenwood. This book was released on 1981 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Patterns in International Banking in Non financial Centers written by Donald Edward Baer and published by . This book was released on 1978 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Rationale and Consequences of International Banking and Financial Centers written by Sang-Rim Choi and published by . This book was released on 1984 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews previous research on this topic, examines the different sets of terminology used by other authors, and then presents a proposal for future uses of the terms.
Download or read book International Financial Centres after the Global Financial Crisis and Brexit written by Youssef Cassis and published by Oxford University Press. This book was released on 2018-07-04 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: As well as marking the tenth anniversary of the collapse of Lehman Brothers and the consequent unleashing of the global financial crisis, 2018 is also the year of negotiations on the terms of the UK's exit from the European Union. Within a decade the banking world has witnessed two epochal events with potential to redraw the map of international financial centres: but how much has this map actually changed since 2008, and how is it likely to change in the near future? International Financial Centres after the Global Financial Crisis and Brexit gathers together leading economic historians, geographers, and other social scientists to focus on the post-2008 developments in key international financial centres. It focuses on the shifting hierarchies of New York, London, Paris, Geneva, Zurich, Frankfurt, Singapore, Hong Kong, Beijing, Shanghai, and Tokyo to question whether Asian financial centres have taken advantage of the crisis in the West. It also examines the medium-effects of the crisis, the level of regulation, and the rise of new technology (fintech). By exploring these crucial changes, it questions whether shifts in the financial industry and the global landscape will render these centres unnecessary for the functioning of the global economy, and which cities are likely to emerge as hubs of new financial technology.
Download or read book The Formation of Financial Centers written by Charles Poor Kindleberger and published by . This book was released on 1974 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial markets and institutions A comparison of China and international financial centers written by Nadiia Kudriashova and published by GRIN Verlag. This book was released on 2019-04-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2017 in the subject Economics - Finance, grade: MA, Yale University, language: English, abstract: International Finance Center (IFC) are an integral part of the modern international financial economy. One of its basic components is the availability of developed national financial markets, actively interacting with similar markets in other countries. As an example, the United States can lead the UK, Japan, in economic development which play an important role the financial markets, and the major cities of these countries (New York, London, Tokyo), are the major international financial centers. Cities can be seen as the gateway to the global economy. They are important for the functioning of both national and global economy, since they are concentrated huge financial, informational and intellectual resources, based most of the major industrial, commercial, financial and service companies, specialized credit and financial institutions and banks. In addition to traditional MFC in the last decades of the 20th century a number of new financial centers competing for the role of international. The acceleration of globalization and especially its financial component, led to an increase in strength and influence regional financial centers, in particular, such as Hong Kong (Hong Kong). The financial market of China, which is traditionally considered to be emerging financial markets have long been a mature international financial centers that have an impact not only on the regional economy, but also in the distribution of global capital flows. The study of the functioning of the MFC, their development trends is the most important area for the understanding of the new global economy, its characteristics and movement mechanisms. At the same time identifying new trends in the development of Asian financial centers, particularly their inclusion in the competition for international corporations have mastered the financial market, is both scientific and practical interest. This makes it possible to identify local features of financial globalization as a result of the connection and the active development of the Asia-Pacific Economic Space with new financial centers, show their role, prospects and competitiveness in the global economy. Of particular importance is the study of the development of Chinese financial market, especially given the fact that the IMF has recognized the yuan a freely usable currency, reflecting the expanding role of China in world trade, a significant increase in the use of the yuan in the international scale and the growth of operations with it.
Download or read book The Role of offshore Centers in International Financial Intermediation written by Marcel Cassard and published by International Monetary Fund. This book was released on 1994-09-01 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Role of the International Financial Centres in Underdeveloped Countries written by Xabier Gorostiaga and published by . This book was released on 2010-11-26 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reissue, first published in 1984, presents a study of the key phenomenon of global banking, carried out from special financial centres in underdeveloped countries, which contributed heavily to the contemporary debt crisis. This book gathers together previously disparate and unpublished data to give a detailed picture of the scope and the effects of transnational banking in the new international financial centres which have largely been set up since 1970.
Download or read book London and Paris as International Financial Centres in the Twentieth Century written by Youssef Cassis and published by OUP Oxford. This book was released on 2005-01-20 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: London and Paris, the world's two leading financial centres in the nineteenth century, experienced differing fortunes during the twentieth century. While London remained an international financial centre, Paris' influence declined. Yet over the last twenty years deregulation, internationalization, and the advent of the single currency have reactivated their competition in ways reminiscent of their old rivalry before the First World War. This book provides a long-term perspective on the development of each centre, with special attention devoted to the pre-1914 years and to the last decades of the twentieth century, in order to contrast these two eras of globalization. The chapters include both archive-based and synthetic surveys and are written by the leading specialists of the field. This comparison between Europe's two leading capital cities will also provide new insights into two important subjects: the political economy of Britain and France in the twentieth century, and the history of international financial centres. As much as a comparison between London and Paris as international financial centres, this book is an Anglo-French comparison; in other words, it considers, through the prism of finance, several aspects of the two countries' economic, business, social, and political histories. It includes contributions from leading banking, financial, and economic historians, and will be of interest to academics, researchers, and students of Financial and Economic History, and the role of London and Paris in particular.
Download or read book Centres and Peripheries in Banking written by P. L. Cottrell and published by Ashgate Publishing, Ltd.. This book was released on 2007-01-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on papers given to the European Association for Banking History conference held in Stockholm in 2002, this volume presents a broad investigation into the relationship between the centre and the periphery in banking. Focusing on the historical development of financial markets, from their emergence in the early modern period to today's global financial and capital markets, the chapters investigate how local, national and international relationships have affected and helped shape the banking industry over three-hundred years. This very wide-ranging discussion in time and place is provided by a group of international experts, encompassing bankers, economists, economic historians and historians, and will be of interest to all those with a scholarly or professional interest in the development of financial institutions.
Download or read book Economic Rationale and Consequences of International Banking and Financial Centers written by Sang-Rim Choi and published by . This book was released on 1984 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews previous research on this topic, examines the different sets of terminology used by other authors, and then presents a proposal for future uses of the terms.
Download or read book Cross Border Investment in Small International Financial Centers written by Mr.Gian Milesi-Ferretti and published by International Monetary Fund. This book was released on 2010-02-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Selected International Financial Centers written by V. K. Bhalla Et Al. and published by Anmol Publications PVT. LTD.. This book was released on 1997-01-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Financial Centres (Ifcs) In Underdeveloped Countries Are Strategic Mechanisms Which Correspond To The Internationalisation Of Production, Which In Turn Occurred With The Expansion Of The Transnational Corporations (Tnc) In The 60S. They Were Created Around The Year 1970 With The Expansion Of The Transnational Banking System And The Internationalisation Of Capital.Main Topics, Elaborately, Discussed Are: International Financial Centres: An Overview; Causes Of The Creation And Expansion Of International Financial Centre; Functions Of The International Financial Centres; Internationalisation And Hegemony Of Finance Capital; Changing Forms Of Articulation Of Finance Capital And Prospects For Ifcs; Case For Bombay International Financial Centre, Etc.This Work Analyses The Origin Of The International Financial Centres And Their Role And Function Within This New Articulation Of The International System Under The Hegemony Of Finance Capital.The Students, Researchers, Academics, Financial Managers And Consultants Will Find This Book Most Useful And Informative.
Download or read book Inside the City written by William Clarke and published by Routledge. This book was released on 2017-11-28 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979, Inside the City looks at The City of London as one of the important financial centres in the world. The book provides an interesting insight into the City as a major centre of international banking, asking key questions such as, how long the city can last as a major centre, how do its services compare with other centres, and what it can do to maintain its present position? The book examines how the great network of markets and institutions that make up the City operated when the book was written, providing key chapters on the Stock Exchange, institutional and private investors, the banking world, including foreign and merchant banks, the commodity and money markets, Euromarkets, Sterling and insurance. This book will be of interest to those studying or researching in the field of economics and finance.
Download or read book Banking Secrecy and Offshore Financial Centers written by Mary Alice Young and published by Routledge. This book was released on 2013 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Offshore Financial Centers Accounting Services and the Global Economy written by Don E. Garner and published by Bloomsbury Publishing USA. This book was released on 2000-07-30 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new global climate of free enterprise has brought with it a proliferation of offshore financial centers that presumably have important roles to play in the emergent global economy. The air of secrecy that appears to pervade the activities of offshore financial centers may well slant or obscure any real understanding of the functions of such centers. The authors investigate the role of major international accounting firms and their services in the processes of business facilitation in the locations that host these centers. By focusing the investigation upon the role of the accounting firms in offshore financial centers, the authors gain a better grasp of the real or potential impacts of the firms in the global economy and in the jurisdictions that host them. Not only do the authors provide a detailed assessment of what the major accounting firms are actually doing in the centers, but they point out what attributes are needed by jurisdictions hoping to succeed as offshore financial centers. The centers included are Antigua, Barbuda, the Bahamas, Barbados, Bermuda, the Cayman Islands, the Channel Islands, the Isle of Man, Gibraltar, Malta, Cyprus, Bahrain, the United Arab Emirates, Mauritius, the Seychelles, Singapore, and Vanuatu. The authors describe the legal and institutional environments facing business operations in general and the accounting firms in particular in offshore financial centers. By studying these operations, it should show what they are doing in terms of facilitating the international activities that flow through such centers. It should also add to the understanding of the potential that offshore activities have as vehicles for development in small emerging economies. This study should be of interest to a wide range of business disciplines, as well as governmental agencies in advanced and emerging nations, international agencies such as regional development banks, and accountants and the international financial community.
