Offshore Banking : An Analysis of Micro- and Macro-Prudential Issues /

The paper takes a closer look at offshore banking-a pervasive practice that has played a role in recent crises. Offshore banking is an increasingly attractive alternative to the sometimes heavily regulated financial markets of emerging economies. From a microeconomic vantage point, offshore banks se...

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Detalhes bibliográficos
Autor principal: Errico, Luca
Outros Autores: Musalem Borrero, Alberto
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1999.
Colecção:IMF Working Papers; Working Paper ; No. 1999/005
Acesso em linha:Full text available on IMF
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100 1 |a Errico, Luca. 
245 1 0 |a Offshore Banking :   |b An Analysis of Micro- and Macro-Prudential Issues /  |c Luca Errico, Alberto Musalem Borrero. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper takes a closer look at offshore banking-a pervasive practice that has played a role in recent crises. Offshore banking is an increasingly attractive alternative to the sometimes heavily regulated financial markets of emerging economies. From a microeconomic vantage point, offshore banks seem to exploit the risk-return tradeoff by being more profitable than onshore banks, and in many instances also more leveraged. Risks stemming from offshore activities may be easily transmitted onshore with systemic consequences. Current prudential and supervisory frameworks are broadly adequate for risk management if effectively and universally implemented. 
538 |a Mode of access: Internet 
700 1 |a Musalem Borrero, Alberto. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/005 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/005/001.1999.issue-005-en.xml  |z IMF e-Library