Booking positions in small offshore financial centers: Focus on US global banks

Article

D’Avino, C. and Shabani, M. 2023. Booking positions in small offshore financial centers: Focus on US global banks. International Journal of Banking, Accounting and Finance. 14 (1), pp. 28-57. https://doi.org/10.1504/IJBAAF.2024.137095
AuthorsD’Avino, C. and Shabani, M.
Abstract

Small offshore centers are home to the leading booking centers of global banks and facilitate their transactions across offices worldwide. This paper investigates the factors driving booking positions in offices located in small offshore centers, with a focus on US global banks. We find that global banks tend to increase their booking positions when liquidity conditions at the global and parent levels deteriorate and when banks’ risk-taking increases through leverage. Our results suggest that lower tax levels and higher secrecy explain booking centers' localization in small offshore countries.

Keywordssmall offshore centers; prudential regulation; global banks; booking positions
JournalInternational Journal of Banking, Accounting and Finance
Journal citation14 (1), pp. 28-57
ISSN1755-3830
Year2023
PublisherInderscience
Accepted author manuscript
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File Access Level
Anyone
Digital Object Identifier (DOI)https://doi.org/10.1504/IJBAAF.2024.137095
Publication dates
Online01 Mar 2024
Publication process dates
Accepted13 Jun 2023
Deposited14 Sep 2023
Copyright holder© 2023, Inderscience Enterprises Ltd.
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