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Banking Secrecy and International Financial Markets

In: Banking Secrecy and Global Finance

Author

Listed:
  • Donato Masciandaro

    (Bocconi University)

  • Olga Balakina

    (Bocconi University)

Abstract

In Chapter 2 we analyzed the economics and politics of banking secrecy, given a situation in which the policymaker decides to be compliant (i.e. the policymaker aims to prevent and combat banking secrecy). Now we can discuss the macroeconomic effects if the policymaker faces the risks of being noncompliant. The noncompliant attitude can produce effects on the capital flows if we assume the existence of international sanctions against banking secrecy.

Suggested Citation

  • Donato Masciandaro & Olga Balakina, 2015. "Banking Secrecy and International Financial Markets," Palgrave Macmillan Books, in: Banking Secrecy and Global Finance, chapter 3, pages 183-222, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-40010-9_4
    DOI: 10.1057/9781137400109_4
    as

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