What is offshore banking about how did offshore banking


1) What is offshore banking about? How did offshore banking start? How did the international crisis [OPEC] develop in the 1970’s and early 1980’s, and what was the result?

2) What is the International Fisher Effect? Is the basic PPP relationship [e = Pi – Pj] relevant in explaining the International Fisher effect? What is the rationale for claiming IRP can forecast exchange rates?

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