In particular, funds flew out of the U.S. and back toward the U.K. Luxembourg is not on the picture, not because of non availability of data as a recent IMF paper wrongly states, but because the IMF has neither consulted the ECB, or the BCL, its website, or its publications.
2  BIS Review 149/2010  International banking has enhanced economic growth and efficiency, but has affected the distribution of risks as well.