Banking Secrecy and Global Finance

PREFACE

INTRODUCTION

1. Is The Era of Banking Secrecy Over?
2. Banking Secrecy: Economics and Politics
3. Banking Secrecy, Regulation and Supervision
4. Banking Secrecy and International Financial Markets
5. Acknowledgements

PART ONE: BANKING SECRECY: ECONOMICS AND POLITICS

1. Introduction
2. Banking Secrecy: Microeconomics
3. Banking Secrecy: Empirics
4. Banking Secrecy: White Macroeconomics
5. Banking Secrecy: Black Macroeconomics
6. Secrecy and Black Economy: Empirics
7. Banking Secrecy: Grey Macroeconomics
8. References and Tables

PART TWO: BANKING SECRECY, REGULATION AND SUPERVISION

9. Introduction
10. Secrecy and the Specialness of Banking
11. Combating Secrecy: Information and Incentive
12. Combating Secrecy: The Relevant Players
13. Combating Secrecy: A Field Experiment
14. The Financial Intelligence Unit: Economics and Politics
14.1 Economics
14.2 Politics
15 Financial Intelligence Units: Institutional Models
16 FIUs, Supervisory Architectures and Central Banking
16.1 The Cycle in Financial Supervision : Consolidation Cycle and the FIUs
16.2 The Cycle in Central Bank Involvement in Supervision and the FIUs
16.3 Supervisory Governance and the FIUs
17 The Future of THE FIUs: The Role of September Eleven
18 References

PART THREE: BANKING SECRECY AND INTERNATIONAL FINANCIAL MARKETS

19 Introduction
20 Capital Flows and National Regulation: The Lucas Paradox
21 Explaining the Paradox
22 Testing the Paradox
22.1 Which Drivers Do Matter?
22.2 Institutional Quality: One More Step
23 Behind the Lucas Paradox: Banking Secrecy, Soft Regulation and Capital Flows
24 New Frontiers against Banking Secrecy: The Beggar Thy Neighbour Regulation
25 References

APPENDIX: FINANCIAL INTELLIGENCE UNITS IN THE WORLD

1. Introduction
2. Financial Intelligence Units: Nature and Governance