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Conduits of Capital

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Securitisation<br />

TheCityUK<br />

http://www.thecityuk.com/research/<br />

ZendSearchLuceneForm?Search=<br />

securitisation&action_ZendSearch<br />

LuceneResults=Go<br />

R 2 = 0.208 Country Based Public Sector Influence = Medium Private Sector Influence = Medium<br />

Securitisation <strong>of</strong>fers a way for an organisation to convert a future stable cash flow into a lump sum cash advance. This is achieved by converting the<br />

future cash flows into tradable securities which are sold as a means <strong>of</strong> raising capital. This factor ranks countries according to their annual value <strong>of</strong><br />

securitization issuance in billions <strong>of</strong> dollars; the data is taken from the annual securitization survey compiled by IFSL Research.<br />

Volume <strong>of</strong> Share Trading<br />

World Federation <strong>of</strong> Stock Exchanges<br />

http://www.world-exchanges.org/statistics/<br />

monthly-reports<br />

R 2 = 0.156 City Based Public Sector Influence = Low Private Sector Influence = Low<br />

The World Federation <strong>of</strong> Exchanges provides a monthly newsletter called FOCUS, which contains monthly statistics tables. For all <strong>of</strong> the indicators used,<br />

we took the year-to-date figures for May (measured in thousands).<br />

Net External Positions <strong>of</strong> Banks Bank for International Settlements http://www.bis.org/statistics/bankstats.htm<br />

R2 = 0.100 Country Based Public Sector Influence = Medium Private Sector Influence = Low<br />

The Bank <strong>of</strong> International Settlements collects quarterly statistics from 42 countries’ central banks that were first introduced in 1964 in order to monitor<br />

the development <strong>of</strong> Eurocurrency markets. This instrumental factor measures the external positions <strong>of</strong> these 42 banks (assets net <strong>of</strong> liabilities) with a<br />

given country. This indicates the relative importance <strong>of</strong> the country on the international finance scene.<br />

Infrastructure<br />

Instrumental Factor Source Website<br />

Connectivity<br />

EIU<br />

http://pages.eiu.com/rs/eiu2/images/<br />

EIU_BestCities.pdf<br />

R 2 = 0.240 City Based Public Sector Influence = Medium Private Sector Influence = Low<br />

Connectivity is a measure <strong>of</strong> how easy it is to connect between cities. The two measures <strong>of</strong> connectivity used are: the average number <strong>of</strong> daily flights<br />

leaving from the city and how many other cities can be flown to from there. These two scores were averaged to obtain the final connectivity score.<br />

Digital Economy Ranking<br />

EIU<br />

R2 = 0.074 Country Based Public Sector Influence = Medium Private Sector Influence = Low<br />

This ranks countries according to the conditions <strong>of</strong> their information and communications technology (ICT) infrastructure and the capability to<br />

its businesses, governments and consumers to utilise it. The index evaluates the way a country influences its information and communications<br />

infrastructure through political, economic, technological and social means. It is comprised <strong>of</strong> nearly 100 criteria with different weightings that are<br />

grouped in six main categories—connectivity, business environment, social and cultural environment, legal environment, consumer and business<br />

adoption or the scale on which businesses and consumers use ICT, as well as government and policy vision or how committed the country’s<br />

government is.<br />

Global Information Technology<br />

World Economic Forum<br />

http://www-935.ibm.com/services/<br />

us/gbs/bus/pdf/eiu_digital-economyrankings-2010_final_web.pdf<br />

http://www.weforum.org/issues/globalinformation-technology/index.html<br />

R 2 = 0.138 Country Based Public Sector Influence = Medium Private Sector Influence = Low<br />

This data originates from a component <strong>of</strong> WEF’s Global Competitiveness Report and explores the impact <strong>of</strong> information and<br />

communication technologies (ICT) on productivity and development. The report ranks 142 countries according to how well they leverage<br />

ICT to boost their economic competitiveness and improve their social environment. To derive the IT Competitiveness score this study<br />

uses ten composite measures comprising a range <strong>of</strong> quantitative and qualitative data, and grouped into four sub-indices: Environment;<br />

Readiness; Usage and Impact.<br />

City Infrastructure<br />

EIU<br />

http://pages.eiu.com/rs/eiu2/images/<br />

EIU_BestCities.pdf<br />

R2 = 0.134 City Based Public Sector Influence = High Private Sector Influence = Medium<br />

This measure is an EIU rating developed for its Liveability index. It is a combination <strong>of</strong> qualitative measures relating to road network,<br />

public transport, international links, quality housing, energy and water provision, and telecommunications.<br />

<strong>Conduits</strong> <strong>of</strong> <strong>Capital</strong> – Onshore Financial Centres and Their Relevance to African Private Equity<br />

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