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of domestic markets as a precondition. This paper offers an alternative view. Lack of competition in domestic financial …
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global economy and in the functioning of an increasingly globalised world. …
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What role does polyarchy (and thus increased democracy) play in aiding the development of an international financial centre? We find support for decades of theorising that some jurisdictions use autocracy (less polyarchy) to help grow out their financial centres. We look at the growth of these...
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