Banking Secrecy and Global Finance

PREFACE INTRODUCTION1. Is The Era of Banking Secrecy Over?2. Banking Secrecy: Economics and Politics3. Banking Secrecy, Regulation and Supervision4. Banking Secrecy and International Financial Markets 5. Acknowledgements PART ONE: BANKING SECRECY: ECONOMICS AND POLITICS1. Introduction2. Banking Secrecy: Microeconomics3. Banking Secrecy: Empirics4. Banking Secrecy: White Macroeconomics5. Banking Secrecy: Black Macroeconomics6. Secrecy and Black Economy: Empirics7. Banking Secrecy: Grey Macroeconomics8. References and TablesPART TWO: BANKING SECRECY, REGULATION AND SUPERVISION9. Introduction10. Secrecy and the Specialness of Banking11. Combating Secrecy: Information and Incentive12. Combating Secrecy: The Relevant Players13. Combating Secrecy: A Field Experiment14. The Financial Intelligence Unit: Economics and Politics14.1 Economics14.2 Politics 15 Financial Intelligence Units: Institutional Models16 FIUs, Supervisory Architectures and Central Banking16.1 The Cycle in Financial Supervision : Consolidation Cycle and the FIUs16.2 The Cycle in Central Bank Involvement in Supervision and the FIUs16.3 Supervisory Governance and the FIUs17 The Future of THE FIUs: The Role of September Eleven 18 ReferencesPART THREE: BANKING SECRECY AND INTERNATIONAL FINANCIAL MARKETS19 Introduction20 Capital Flows and National Regulation: The Lucas Paradox21 Explaining the Paradox22 Testing the Paradox22.1 Which Drivers Do Matter?22.2 Institutional Quality: One More Step23 Behind the Lucas Paradox: Banking Secrecy, Soft Regulation and Capital Flows 24 New Frontiers against Banking Secrecy: The Beggar Thy Neighbour Regulation25 ReferencesAPPENDIX: FINANCIAL INTELLIGENCE UNITS IN THE WORLD 1. Introduction2. Financial Intelligence Units: Nature and Governance