Hide and Protect : A Role of Global Financial Secrecy in Shaping Domestic Institutions (English)

This paper reviews the literature that explores the drivers and effects of financial secrecy on emerging economies. It shows that most of the research on financial secrecy has been focused on issues of tax avoidance, neglecting the problems of institutional arbitrage that go beyond taxation issues. The paper discusses the limits of the institutionalist paradigm that treats businesses solely as rule-takers and calls for more attention to business agency...

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Author

Sharafutdinova,Gulnaz;

Lokshin,Michael M.;
Document Date
2020/08/03
Document Type
Policy Research Working Paper
Report Number
WPS9348
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2020/08/03
Disclosure Status
Disclosed
Doc Name
Hide and Protect : A Role of Global Financial Secrecy in Shaping Domestic Institutions
Keywords
financial secrecy

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Citation

Sharafutdinova,Gulnaz; Lokshin,Michael M..

Hide and Protect : A Role of Global Financial Secrecy in Shaping Domestic Institutions (English). Policy Research working paper|no. WPS 9348 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/512681596468706087

Hide and Protect : A Role of Global Financial Secrecy in Shaping Domestic Institutions (English)

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