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International Banking and Financial Centers by Yoon S. Park (auth.), Yoon S. Park, Musa Essayyad (eds.) is a nonfiction available to read on EtoBox.

What is International Banking and Financial Centers about?

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 fina

Who reads International Banking and Financial Centers?

Author

Yoon S. Park (auth.), Yoon S. Park, Musa Essayyad (eds.)

Publisher

Springer Netherlands

Published

1989

Language

EN

ISBN

9780792390169

Category

nonfiction

Subjects

Science, Business, Finance