Booking positions in small offshore financial centers: Focus on US global banks
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. In Press.
|Authors||D’Avino, C. and Shabani, M.|
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.
|Keywords||small offshore centers; prudential regulation; global banks; booking positions|
|Journal||International Journal of Banking, Accounting and Finance|
|Journal citation||In Press|
|Publication process dates|
|Accepted||13 Jun 2023|
|Deposited||14 Sep 2023|
|Copyright holder||© 2023, Inderscience Enterprises Ltd.|
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