Edited by Mervyn K. Lewis, Emeritus Professor, University of South Australia and Emeritus Fellow, Academy of the Social Sciences in Australia

• Contents: Acknowledgments Part I: Trade in Financial Services1. H.W. Arndt (1984), ‘Measuring Trade in Financial Services’2. H.W. Arndt (1988), ‘Comparative Advantage in Trade in Financial Services’3. Fariborz Moshirian (1994), ‘Trade in Financial Services’4. Ingo Walter and H. Peter Gray (1983), ‘Protectionism and International Banking: Sectorial Efficiency, Competitive Structure and National Policy’5. Sydney J. Key (1990), ‘Is National Treatment Still Viable? US Policy in Theory and Practice’6. Robert Carter (1990), ‘Obstacles to International Trade in Insurance’ Part II: Multinational Banking 7. Herbert G. Grubel (1977), ‘A Theory of Multinational Banking’8. Jean M. Gray and H. Peter Gray (1981), ‘The Multinational Bank: A Financial MNC?’9. Charles P. Kindleberger (1983), ‘International Banks as Leaders or Followers of International Business: An Historical Perspective’10. Robert Z. Aliber (1984), ‘International Banking: A Survey’11. Barry Williams (1997), ‘Positive Theories of Multinational Banking: Eclectic Theory versus Internalisation Theory’Part III: Eurocurrency Banking 12. Henry C. Wallich (1979), ‘The Eurocurrency Market’13. Milton Friedman (1969), ‘The Euro-Dollar Market: Some First Principles14. Jürg Niehans and John Hewson (1976), ‘The Eurodollar Market and Monetary Theory’15. M.K. Lewis and K.T. Davis (1987), ‘Multipliers and the Portfolio Approach: A Geometric Exposition’16. R.B. Johnston (1979), ‘Some Aspects of the Determination of Euro-currency Interest Rates’17. Laurie S. Goodman (1980), ‘The Pricing of Syndicated Eurocurrency Credits’18. M.K. Lewis (1986), ‘The Future of Banking’19. T.J. Allen (1990), ‘Developments in the International Syndicated Loan Market in the 1980s’Part IV: Offshore Services 20. Henry C. Wallich (1979), ‘Offshore Financial Centers’21. Milka Casanegra de Jantscher (1976), ‘Tax Havens Explained’22. Ian McCarthy (1979), ‘Offshore Banking Centers: Benefits and Costs’23. K. Alec Chrystal (1984), ‘International Banking Facilities’24. Harry G. Johnson (1976), ‘Panama as a Regional Financial Center: A Preliminary Analysis of Development Contribution’25. Zoran Hodjera (1978), ‘The Asian Currency Market: Singapore as a Regional Financial Center’26. Herbert G. Grubel (1982), ‘Towards a Theory of Free Economic Zones’27. Mark P. Hampton (1996), ‘Exploring the Offshore Interface: The Relationship Between Tax Havens, Tax Evasion, Corruption and Economic Development’Part V: Exchange and Securities 28. Gavin Bingham (1991), ‘Foreign Exchange Market: Structure, Intervention and Liquidity’29. Alan Kirman (1995), ‘The Behaviour of the Foreign Exchange Market’30. Richard Roll (1988), ‘The International Crash of October 1987’31. Brian Scott-Quinn (1990), ‘US Investment Banks as Multinationals’32. Charles Lucas (1994), ‘Financial Innovation’33. Charles S. Sanford, Jr. (1994), ‘Financial Markets in 2020’Part VI: Regulatory Issues 34. Yoshiharu Oritani (1991), ‘Globalization of Payment Network and Risks’35. Richard Dale (1991), ‘Regulating Banks’ Securities Activities: A Global Assessment’36. Richard Dale (1994), ‘International Banking Regulation’37. Brian Quinn (1995), ‘Derivatives and Risk Management: Insight from the Barings Experience’38. Mervyn K. Lewis (1997), ‘Counteracting Fraud: The Case of BCCI Revisited’Index

Edited by Mervyn K. Lewis, Emeritus Professor, University of South Australia and Emeritus Fellow, Academy of the Social Sciences in Australia

• Contents: Acknowledgments Part I: Trade in Financial Services1. H.W. Arndt (1984), ‘Measuring Trade in Financial Services’2. H.W. Arndt (1988), ‘Comparative Advantage in Trade in Financial Services’3. Fariborz Moshirian (1994), ‘Trade in Financial Services’4. Ingo Walter and H. Peter Gray (1983), ‘Protectionism and International Banking: Sectorial Efficiency, Competitive Structure and National Policy’5. Sydney J. Key (1990), ‘Is National Treatment Still Viable? US Policy in Theory and Practice’6. Robert Carter (1990), ‘Obstacles to International Trade in Insurance’ Part II: Multinational Banking 7. Herbert G. Grubel (1977), ‘A Theory of Multinational Banking’8. Jean M. Gray and H. Peter Gray (1981), ‘The Multinational Bank: A Financial MNC?’9. Charles P. Kindleberger (1983), ‘International Banks as Leaders or Followers of International Business: An Historical Perspective’10. Robert Z. Aliber (1984), ‘International Banking: A Survey’11. Barry Williams (1997), ‘Positive Theories of Multinational Banking: Eclectic Theory versus Internalisation Theory’Part III: Eurocurrency Banking 12. Henry C. Wallich (1979), ‘The Eurocurrency Market’13. Milton Friedman (1969), ‘The Euro-Dollar Market: Some First Principles14. Jürg Niehans and John Hewson (1976), ‘The Eurodollar Market and Monetary Theory’15. M.K. Lewis and K.T. Davis (1987), ‘Multipliers and the Portfolio Approach: A Geometric Exposition’16. R.B. Johnston (1979), ‘Some Aspects of the Determination of Euro-currency Interest Rates’17. Laurie S. Goodman (1980), ‘The Pricing of Syndicated Eurocurrency Credits’18. M.K. Lewis (1986), ‘The Future of Banking’19. T.J. Allen (1990), ‘Developments in the International Syndicated Loan Market in the 1980s’Part IV: Offshore Services 20. Henry C. Wallich (1979), ‘Offshore Financial Centers’21. Milka Casanegra de Jantscher (1976), ‘Tax Havens Explained’22. Ian McCarthy (1979), ‘Offshore Banking Centers: Benefits and Costs’23. K. Alec Chrystal (1984), ‘International Banking Facilities’24. Harry G. Johnson (1976), ‘Panama as a Regional Financial Center: A Preliminary Analysis of Development Contribution’25. Zoran Hodjera (1978), ‘The Asian Currency Market: Singapore as a Regional Financial Center’26. Herbert G. Grubel (1982), ‘Towards a Theory of Free Economic Zones’27. Mark P. Hampton (1996), ‘Exploring the Offshore Interface: The Relationship Between Tax Havens, Tax Evasion, Corruption and Economic Development’Part V: Exchange and Securities 28. Gavin Bingham (1991), ‘Foreign Exchange Market: Structure, Intervention and Liquidity’29. Alan Kirman (1995), ‘The Behaviour of the Foreign Exchange Market’30. Richard Roll (1988), ‘The International Crash of October 1987’31. Brian Scott-Quinn (1990), ‘US Investment Banks as Multinationals’32. Charles Lucas (1994), ‘Financial Innovation’33. Charles S. Sanford, Jr. (1994), ‘Financial Markets in 2020’Part VI: Regulatory Issues 34. Yoshiharu Oritani (1991), ‘Globalization of Payment Network and Risks’35. Richard Dale (1991), ‘Regulating Banks’ Securities Activities: A Global Assessment’36. Richard Dale (1994), ‘International Banking Regulation’37. Brian Quinn (1995), ‘Derivatives and Risk Management: Insight from the Barings Experience’38. Mervyn K. Lewis (1997), ‘Counteracting Fraud: The Case of BCCI Revisited’Index

Edited by Mervyn K. Lewis, Emeritus Professor, University of South Australia and Emeritus Fellow, Academy of the Social Sciences in Australia

• Contents: Acknowledgments Part I: Trade in Financial Services1. H.W. Arndt (1984), ‘Measuring Trade in Financial Services’2. H.W. Arndt (1988), ‘Comparative Advantage in Trade in Financial Services’3. Fariborz Moshirian (1994), ‘Trade in Financial Services’4. Ingo Walter and H. Peter Gray (1983), ‘Protectionism and International Banking: Sectorial Efficiency, Competitive Structure and National Policy’5. Sydney J. Key (1990), ‘Is National Treatment Still Viable? US Policy in Theory and Practice’6. Robert Carter (1990), ‘Obstacles to International Trade in Insurance’ Part II: Multinational Banking 7. Herbert G. Grubel (1977), ‘A Theory of Multinational Banking’8. Jean M. Gray and H. Peter Gray (1981), ‘The Multinational Bank: A Financial MNC?’9. Charles P. Kindleberger (1983), ‘International Banks as Leaders or Followers of International Business: An Historical Perspective’10. Robert Z. Aliber (1984), ‘International Banking: A Survey’11. Barry Williams (1997), ‘Positive Theories of Multinational Banking: Eclectic Theory versus Internalisation Theory’Part III: Eurocurrency Banking 12. Henry C. Wallich (1979), ‘The Eurocurrency Market’13. Milton Friedman (1969), ‘The Euro-Dollar Market: Some First Principles14. Jürg Niehans and John Hewson (1976), ‘The Eurodollar Market and Monetary Theory’15. M.K. Lewis and K.T. Davis (1987), ‘Multipliers and the Portfolio Approach: A Geometric Exposition’16. R.B. Johnston (1979), ‘Some Aspects of the Determination of Euro-currency Interest Rates’17. Laurie S. Goodman (1980), ‘The Pricing of Syndicated Eurocurrency Credits’18. M.K. Lewis (1986), ‘The Future of Banking’19. T.J. Allen (1990), ‘Developments in the International Syndicated Loan Market in the 1980s’Part IV: Offshore Services 20. Henry C. Wallich (1979), ‘Offshore Financial Centers’21. Milka Casanegra de Jantscher (1976), ‘Tax Havens Explained’22. Ian McCarthy (1979), ‘Offshore Banking Centers: Benefits and Costs’23. K. Alec Chrystal (1984), ‘International Banking Facilities’24. Harry G. Johnson (1976), ‘Panama as a Regional Financial Center: A Preliminary Analysis of Development Contribution’25. Zoran Hodjera (1978), ‘The Asian Currency Market: Singapore as a Regional Financial Center’26. Herbert G. Grubel (1982), ‘Towards a Theory of Free Economic Zones’27. Mark P. Hampton (1996), ‘Exploring the Offshore Interface: The Relationship Between Tax Havens, Tax Evasion, Corruption and Economic Development’Part V: Exchange and Securities 28. Gavin Bingham (1991), ‘Foreign Exchange Market: Structure, Intervention and Liquidity’29. Alan Kirman (1995), ‘The Behaviour of the Foreign Exchange Market’30. Richard Roll (1988), ‘The International Crash of October 1987’31. Brian Scott-Quinn (1990), ‘US Investment Banks as Multinationals’32. Charles Lucas (1994), ‘Financial Innovation’33. Charles S. Sanford, Jr. (1994), ‘Financial Markets in 2020’Part VI: Regulatory Issues 34. Yoshiharu Oritani (1991), ‘Globalization of Payment Network and Risks’35. Richard Dale (1991), ‘Regulating Banks’ Securities Activities: A Global Assessment’36. Richard Dale (1994), ‘International Banking Regulation’37. Brian Quinn (1995), ‘Derivatives and Risk Management: Insight from the Barings Experience’38. Mervyn K. Lewis (1997), ‘Counteracting Fraud: The Case of BCCI Revisited’Index