O'Reilly, Pierce; Parra Ramirez, Kevin; Stemmer, Michael - 2019
This paper assesses the impact of exchange of information on foreign-owned bank deposits in international financial … centres (IFCs). Based on a dataset with extended jurisdiction coverage and sample length, foreign-owned IFC deposits declined … is associated on average with a statistically significant 22% reduction in IFC bank deposits held by non-IFC counterparty …