Cross Border Financial Centres
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This note documents and assesses the role of small financial centers in the international financial system using a newly-assembled dataset. It presents estimate
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"Financial centres that cater predominantly to non-residents – which we refer to as cross-border financial centres (XFCs) –are important intermediaries of c
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This report argues that policy reforms in micro- and macro-prudential regulation and macroeconomic policies are needed for Europe to reap the important diversif
