IMF Programs and Financial Flows to Offshore Centers /

This paper examines whether IMF lending is associated with increases in outflows to offshore financial centers (OFCs), known for bank secrecy and asset protection, relative to other international destinations. Using quarterly data from the BIS on bilateral bank deposits, we are unable to detect any...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Aiyar, Shekhar
Weitere Verfasser: Patnam, Manasa
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2021.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2021/146
Schlagworte:
Online Zugang:Full text available on IMF