International Banking Facilities and the Future of Offshore Banking

Wise, David W.

1982

Description
  • Volume 6, Issue 2. Summer Last December, the Federal Reserve Board for the first time authorized the establishment of domestic International Banking Facilities. The stated purpose of the new policy was to attract back to the US banking transactions which had been conducted "offshore" - that is, beyond the reach of American legal jurisdiction - in order to escape American re... read more
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