Microstates and Offshore Finance: the Political Economy of Vulnerability
AbstractOffshore Finance Centres (OFCs) have proliferated since the 1960s and many small jurisdictions and microstates around the world now host OFCs as part of the increasing globalisation of financial capital. This paper argues that microstates are becoming increasing vulnerable to forces outside of their control resulting in transit crime such as money laundering and flows of illegal flight capital.
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Bibliographic InfoPaper provided by Portsmouth University - Department of Economics in its series Papers with number 128.
Length: 21 pages
Date of creation: 1999
Date of revision:
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Postal: U.K.; University of Portsmouth; Department of Economics, Locksway Road, Milton, Southsea Hants PO4 8JF, UK
Phone: 44 (0)1705 844082
Fax: +44 (0)1705 844037
Web page: http://www.pbs.port.ac.uk/econ/index.html
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ECONOMIC DEVELOPMENT ; TAXATION ; INTERNATIONAL ECONOMY ; INTERNATIONAL FINANCIAL MARKET;
Find related papers by JEL classification:
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- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
- R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General
- F30 - International Economics - - International Finance - - - General
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
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