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Chinese capital flows and offshore financial centers
Abstract
Why is the British Virgin Islands a bigger source of foreign direct investment into China than the USA, the European Union and Japan combined? Why is there 10 times more investment from China in the Caymans Islands than there is in the USA? This paper argues that these flows represent the efforts of Chinese and foreign investors to reduce governance and measurement transaction costs. Investors avail themselves of efficient institutions in...
Paper Details
Title
Chinese capital flows and offshore financial centers
Published Date
Jul 1, 2012
Journal
Volume
25
Issue
3
Pages
317 - 337
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