An analysis of the special characteristics of the banking and financial sectors in islands and small states, focusing on three main areas: the general financial environment; offshore financial centres; and banking and financial regulation.

Contributors, Preface, Introduction, 1. Financial Services Location and Competition among Financial Centres in Europe, 2. Financial Deregulation and Offshore Banking: Lessons for Malta from Australasian/Asia-Pacific Experience, 3. Labuan, Malta and Belize: Evolution of Three Small Offshore Banking Centres, 4. Banking, Finance and Offshore Banking Activities in the Island of Mauritius, 5. Mapping the Minefield: Theories of Island Offshore Finance Centres with Reference to Jersey, 6 Offshore Finance Activities in Vanuatu: an Empirical Study of Determinants and Growth, 7. Analysing the Emergence of an Offshore Banking Centre: the Case of Bahrain, 8. Sovereignty, Security, and the Development of Offshore Financial Centres in the Pacific Islands, 9. Majoring in Finance: Implications and Key Issues, 10. The Impact of International Companies on the Economies of Small Islands: a Case Study of Bermuda, 11. The Liberalization of Interest Rates in Malta: Policies and Strategic Options, 12. The Money Supply Process in Two Small Island States: Malta and Cyprus, 1960-1993, 13. International Banking and Securities Market Regulation: an Analysis of Recent Approaches, 14. The Proposed Additional Capital Requirements for the Management of Banks' Interest Rate Risk, 15. The 'OECD Club Rule' in Bank Risk-based Capital Adequacy: Implications for Malta and Other Small States, Name Index, Subject Index