Grey matters

Niall Coffey, Warren B. Hrung, Hoai-Luu Q. Nguyen & Asani Sarkar, The global financial crisis and offshore dollar markets, Current Issues in Economics and Finance, vol. 15, no. 6 (October 2009) available at http://www.newyorkfed.org/research/current_issues/ci15-6.pdf

Kabul Bank

The Kabulbank Scandal: Part III

The Kabulbank scam may be the largest theft of depositor money per capita the world has ever experienced. Kabulbank was Afghanistan’s largest bank when...

Security vs. security: The trade-offs in financial surveillance

For decades, a number of regulatory programs aimed at the financial services sector have been recognized as threats to financial privacy. Taxation and financial...

The global financial crisis and the Financial Stability Forum:

Main Story: Grey Matters Enrique R. Carrasco, The global financial crisis and the Financial Stability Forum: The awakening and transformation of an international body,...

Chris Brummer, How international financial law works (and how it doesn’t)

Main Story: Grey Matters Chris Brummer, How international financial law works (and how it doesn’t) (26 Jan 2010).  Available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1542829 AbstractThe “Great Recession”...

Innovation in payment systems

The past decade has seen a veritable revolution in retail payment systems, with the development of online and mobile payments, and new peer-to-peer systems....

Grey matters

Caught in the act: How hedge funds manipulate their equity positions; A Tiebout model of international regulatory competition, American Political Science Association;  Transfer pricing of intangibles: A comparison between the Netherlands and the United States, Do liquidity or credit effects explain the behaviour of the BKBM-LIBOR differential...

Grey matters

Tax havens have attracted increasing attention from policy-makers in recent years. This paper provides an overview of a growing body of research that analyses the consequences and determinants of the existence of tax-haven countries. For instance, recent evidence suggests that tax havens tend to have stronger governance institutions than comparable non-haven countries. Most importantly, tax havens provide opportunities for tax planning by multinational corporations.

Private banking in Asia – a survey

Main Article:Grey mattersGunter Dufey, Private banking in Asia - a survey, available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1463261AbstractThis survey focuses on some unique aspects of private banking and...

The war against cash in Europe

There are good reasons why the debate on cash is heating up right now. While European governments and central banks have stepped up capital controls...

Grey matters

A review of the latest research papers on finance and tax - and the legal issues surrounding the facts, debates and possibilities. Submission to Finance...

Asset fire sales and purchases and the international transmission of financial shocks

Main Story: Grey Matters Pab Jotikasthira, Christian T. Lundblad & Tarun Ramadorai, Asset fire sales and purchases and the international transmission of financial shocks...

Grey matters

This paper examines the literature on offshore financial centres and multilateral efforts at limiting competition. It concludes that, without strong enforcement capacities from the very beginning, the multilateral approach is vulnerable to bilateralism. The paper proposes several solutions, including the creation of a unique international body dealing with all issues raised by OFCs, or the adoption of a “unitary taxation” system or a “Financial Transparency Index.”

Grey Matters: Ankur Poddar, Swati Aggarwal and Peeyush Razdan

 Ankur Poddar, Swati Aggarwal and Peeyush Razdan, “The future of bank secrecy and Switzerland” (11 August 2009). Available at SSRN: http://ssrn.com/abstract=1460713Abstract:      The paper...

Grey matters

Read the article in the Cayman Financial Review Magazine The Cyprus debt: Perfect crisis and a way forward, Wharton Working Paper No. 13-09Stavros A ZeniosAvailable...

Grey matters

Two recent literature surveys on hedge funds offer useful summaries of the relevant academic literatures.

 

The Internet of Payments and the future of banking: Crisis and opportunity

Imagine a world where your washing machine can recognize it needs more detergent and orders it for you. Now imagine a world where your...

Grey matters

     Douglas W. Arner & Cyn-Young Park, “Global Financial Regulatory Reforms: Implications For Developing Asia”, ADB Working Paper Series On Regional Economic Integration No. 57Available...

Grey matters

The Long Arm of Section 337: International Trade Law as a Global Business Remedy, American Business Law Journal (forthcoming) Marisa Anne Pagnattaro & Stephen...

Quarterly Review

Banking Offshore banking continues to decline The number of banks in the Cayman Islands dropped by 7 percent in 2015, compared to 2014. The 12-month decline from...