Showing 1 - 10 of 2,885
Area is less financially integrated than it appears, both within the currency union and vis-a-vis the rest of the world …
Persistent link: https://www.econbiz.de/10014512129
The 1997-99 financial crises in the emerging markets have brought to the foreground the concern about offshore investment funds and their possible role in exacerbating volatility in the markets they invest in. Offshore investment funds are alleged to engage in trading behaviors that are...
Persistent link: https://www.econbiz.de/10012471661
restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …
Persistent link: https://www.econbiz.de/10012482036
tax havens and the world's other countries, we estimate that close to 40% of multinational profits are shifted to low …
Persistent link: https://www.econbiz.de/10012453019
country in offshore tax havens. The equivalent of 10% of world GDP is held in tax havens globally, but this average masks a … countries, which account for close to half of world GDP. Because offshore wealth is very concentrated at the top, accounting for … world …
Persistent link: https://www.econbiz.de/10012453906
This paper analyzes the factors influencing whether countries become tax havens. Roughly 15 percent of countries are tax havens; as has been widely observed, these countries tend to be small and affluent. This paper documents another robust empirical regularity: better-governed countries are...
Persistent link: https://www.econbiz.de/10012465857
This paper analyzes the causes and consequences of offshore financial centers (OFCs). Since OFCs are likely to be tax havens and money launderers, they encourage bad behavior in source countries. Nevertheless, OFCs may also have unintended positive consequences for their neighbors, since they...
Persistent link: https://www.econbiz.de/10012466625
thereby stimulate economic activity. Major tax havens have less than one percent of the world's population (outside the United … States), and 2.3 percent of world GDP, but host 5.7 percent of the foreign employment and 8.4 percent of foreign property ….3 percent between 1982 and 1999, which compares favorably to the world average of 1.4 percent. Tax haven governments appear to …
Persistent link: https://www.econbiz.de/10012467751
In this paper we analyze the link between corruption money laundering and round-trip investment via offshore jurisdictions utilizing Russian firm-level data. In particular we empirically explore location strategies of round-trip investors (namely, from Cyprus and British Virgin Islands) across...
Persistent link: https://www.econbiz.de/10012459644
This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of reallocating taxable income dampen these incentives. The...
Persistent link: https://www.econbiz.de/10012461013