01769cas a2200253 a 4500 AALejournalIMF000794 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842166 1018-5941 BD-DhAAL BD-DhAAL Errico, Luca. Offshore Banking : An Analysis of Micro- and Macro-Prudential Issues / Luca Errico, Alberto Musalem Borrero. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (56 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper takes a closer look at offshore banking-a pervasive practice that has played a role in recent crises. Offshore banking is an increasingly attractive alternative to the sometimes heavily regulated financial markets of emerging economies. From a microeconomic vantage point, offshore banks seem to exploit the risk-return tradeoff by being more profitable than onshore banks, and in many instances also more leveraged. Risks stemming from offshore activities may be easily transmitted onshore with systemic consequences. Current prudential and supervisory frameworks are broadly adequate for risk management if effectively and universally implemented. Mode of access: Internet Musalem Borrero, Alberto. IMF Working Papers; Working Paper ; No. 1999/005 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/005/001.1999.issue-005-en.xml IMF e-Library