01774cas a2200241 a 4500 AALejournalIMF017988 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484323113 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. The Bahamas : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (12 pages) IMF Staff Country Reports <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 This Selected Issues paper assesses the recent trends in The Bahamas' offshore financial center (OFC) and their contribution to the real economy. The Bahamas hosts one of the largest OFCs in the world. International banks are the most important institutions in the Bahamian OFC. Despite a sharp contraction in the size of the offshore sector, the direct impact on the real economy appears to have been modest. The direct contribution of offshore banks to the real economy appears to have remained broadly stable, reflecting an orderly adjustment so far. Strong compliance with anti-money laundering and combating the financing of terrorism and tax transparency standards should help ensure that this orderly adjustment continues. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/315 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/315/002.2017.issue-315-en.xml IMF e-Library