I go immediately to the heart of the matter: International Financial Centres (IFC) are indispensible components in the wheel-works of the global financial system. Principal amongst many advantages they produce and ensure is their efficient, comparatively inexpensive allocation of capital, which, in this epoch of economic decline and financial crisis, has maintained liquidity and value (particularly) in emerging markets, and so restored and maintained the confidence of investors in the world’s financial and economic systems.
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