Download e-book for kindle: Banking Secrecy and Global Finance: Economic and Political by Donato Masciandaro, Olga Balakina

By Donato Masciandaro, Olga Balakina

ISBN-10: 1137400102

ISBN-13: 9781137400109

ISBN-10: 1349554162

ISBN-13: 9781349554164

In this ebook, the authors relate how the expansion of illegal activity systematically generates a requirement for banking secrecy.

Show description

Read or Download Banking Secrecy and Global Finance: Economic and Political Issues PDF

Similar banks & banking books

Read e-book online Pricing, Risk, and Performance Measurement in Practice: The PDF

How can managers bring up their skill to calculate rate and threat information for monetary tools whereas lowering their dependence on a myriad of particular tool versions? Wolfgang Schwerdt and Marcelle von Wendland created an easy and constant method to deal with and method quite a lot of advanced monetary information.

Download e-book for kindle: International Business Finance by Michael Connolly

This textbook introduces scholars to the elemental workings of commercial and finance within the international economic climate. It brings readability and concentration to the complexities of the sphere and demonstrates the foremost linkages among the foreign currency markets and global cash markets. middle themes tested comprise: company facets of overseas finance, with specific cognizance given to contractual and operational hedging concepts the mechanics of the foreign currency echange markets the construction blocks of overseas finance the optimum portfolio in a world surroundings.

Download e-book for kindle: Banking Reform in Southeast Asia (Routledge Studies in the by Malcolm Cook

This publication empirically examines banking reform within the economies of Southeast Asia as they sought to evolve to significant advancements within the worldwide economic climate over the last 3 many years, together with the globalisation of finance, the debt trouble of the Eighties and the 1997-1998 Asian monetary quandary. Focusing specifically at the turbulent decade of economic growth and bust from 1994 to 2004, it explores the ways that states reply to strong exterior shocks and the results for coverage offerings, demonstrating how diverse political structures form financial functionality and coverage offerings.

Asia Pacific Financial Deregulation (Pacific Trade and - download pdf or read online

Fresh occasions in East Asia have highlighted the hazards of volatility and contagion in a financially built-in international. nations within the area have been on the vanguard of the stream in the direction of elevated integration however the challenge that struck Thailand in July 1997, and the rapidity with which it unfold to different East Asian international locations, steered that every one used to be no longer good.

Additional resources for Banking Secrecy and Global Finance: Economic and Political Issues

Example text

Combining the two hypotheses, we have a random utility framework for the unobservable lax regulation variable. As usual, we assume that the errors εij are independent for each national policymaker and institutional alternative, and they are normally distributed with a mean of 0 and variance equal to 1. The assumption of independence implies that the utility derived by one national policymaker is not related to the utility derived by any other national policymaker, and that the utility that a policymaker derives from the choice of a given level of laxity is not related to the utility provided by the other alternatives.

If we have an indicator of OFC attitude, the model can be estimated with an ordered logit model or with an ordered probit model. Second, each binary variable depends on one source of information only: market (offshore) evaluation or (onshore) institutional evaluation. The solution to the first problem is to build up an indicator of OFC attitude. Using the institutional sources, an offshore attitude index is created, thus implementing a two-stage process. First stage: for each country a check is made as to whether it has been a member of both OECD and FATF (strong onshore attitude, or minimum 16 Rose and Spiegel (2006) build up an OFC classification by gathering data from three sources: FSF (2000), IMF (1999) and Errico and Musalem (1999).

This is also the case when the jurisdiction adopts the common law. Furthermore, a low resource endowment has a weak effect on the likelihood of being an OFC. To check the robustness of the results obtained, it is possible to modify the dependent variable by using the institutional definition of OFC jurisdiction16 (37 countries). 4. 54). 5 reports the logit estimates. All the results are confirmed except that of the pollution crime effect. The inverse relationship between OFC status and crime-pollution risk still holds, but it is not statistically significant.

Download PDF sample

Banking Secrecy and Global Finance: Economic and Political Issues by Donato Masciandaro, Olga Balakina

by Kevin

Rated 4.80 of 5 – based on 49 votes