Kavaklı, Kerim Can; Marcolongo, Giovanna; Zambiasi, Diego - 2023
Leaks Database and conduct the first systematic analysis of the role that tax havens play in financial sanction evasion. Our … main finding is that sanction targets reduce their funds in sanctioning countries while increasing their funds in tax … havens. This displacement effect is stronger when the sanction coalition includes the United States or comprises more FATF or …