Aiyar, Shekhar S.; Patnam, Manasa - 2022
), known for bank secrecy and asset protection, relative to other international destinations. Using quarterly data from the BIS … on bilateral bank deposits, we are unable to detect any positive and statistically significant effect of IMF loan … disbursements on bank deposits in OFCs. The result holds even after restricting the sample to the duration of the IMF program, where …