European Parliament Library

Concept of Offshore Financial Centers :, In Search of an Operational Definition, Ahmed Zoromé

This paper proposes a new definition of Offshore Financial Centers (OFCs) and develops a statistical method to differentiate between OFCs and non-OFCs using data from the Coordinated Portfolio Investment Survey (CPIS), the International Investment Position (IIP), and the balance of payments. The suggested methodology identifies more than 80 percent of the OFCs in the study sample that also appear in the a priori list used by the IMF to conduct its OFC assessment program. The methodology distinguishes OFCs based strictly on their macroeconomic features and avoids subjective presumptions on their activities or regulatory frameworks. The study also identifies three new countries meeting OFC criteria
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Definitions of an OFC: A Survey of the Literature; 1. OFC Definitions; III. Limitations of the Definitions Proposed So Far; IV. Definition of OFCs and Empirical Indicators; A. Proposed Definition; B. Indicator of OFC Status; C. Proxy Indicators of OFC Status; Proxy indicator based on CPIS (CPIS Assets); Proxy indicator based on international investment position data; D. Data Description and Issues; Data description; Data issues; 2. Summary of Data Issues Related to the Measures of OFC Status
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (57 p.)
Specific Material Designation
Form Of Item

Library Locations

  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR