April 12, 2013
Joshua Aizenman & Gurnain Kaur Pasrich, Mauricio Larrain & Sebastian Stumpner and Nemiraja Jadiyappa writings on Captial Markets are reviewed here.
April 11, 2012
Barriers to Market Discipline: A Comparative Study of Mortgage Market Reforms; A Partial Race to the Bottom; The Financial Crisis and the Forgotten Law of Contracts...
October 6, 2010
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...
July 28, 2010
The ABCs of hedge funds: alphas, betas & costs Roger G. Ibbotson, Peng Chen, & Kevin X. Zhu Available at http://ssrn.com/abstract=158155
April 14, 2010
CFR's quarterly round up of academic texts making headlines...
January 5, 2010
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
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.”
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.