The Economics of Offshore Financial Services and the Choice of Tax, Currency, and Exchange-Rate Regimes

Abstract

Treasury officials contend that China has indeed moved toward modernization of its financial system, and they say that the United States' broader interest is in opening the Chinese market to American financial services [than citing it as currency manipulator]."

Assessing the Competitiveness of International Financial Services in Particular Locations: A Survey of Methods and Perspectives

“…An IFSC's contribution to the macroeconomic efficiency of its host country or jurisdiction can come through two channels. The IFSC may contribute to growth and stability first through its influence on the choice of the tax, currency, and exchangerate regimes as discussed in von Furstenberg (2007), and secondly through changing the correlation of its jurisdiction's business cycle with the world business cycle. For instance, Hong…”

Aspects, Models and Measures for Assessing the Competitiveness of International Financial Services in a Particular Location

“…An IFSC's contribution to the macroeconomic efficiency of its host country or jurisdiction can come through two channels. The IFSC may contribute to growth and stability first through its influence on the choice of the tax, currency, and exchange-rate regimes (as discussed in von Furstenberg, 2007) and secondly through increasing the correlation of its business cycle with the world business cycle still frequently represented by the experience of the United States.…”