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Article Dans Une Revue International Journal of Banking, Accounting and Finance Année : 2023

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

Résumé

Small offshore centres are home to the leading booking centres of global banks and facilitate their transactions across offices worldwide. This paper investigates the factors driving booking positions in offices located in small offshore centres, 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 centres' localisation in small offshore countries.
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Dates et versions

hal-04540432 , version 1 (10-04-2024)

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Carmela d'Avino, Mimoza Shabani. Booking positions in small offshore financial centers: focus on US global banks. International Journal of Banking, Accounting and Finance, 2023, 1 (1), ⟨10.1504/IJBAAF.2023.10057910⟩. ⟨hal-04540432⟩
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