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Why Do Banks Have So Much Debt In Tax Havens?

Tax havens represent the largest financing hub for financial institutions. For banks, they account for more than 20% of all cross-borders banking debt worldwide. Yet, our understanding of the underlying drivers remains limited. Drawing on a unique …

Exchange of Information and Bank Deposits in International Financial Centres

This article intends to examine the border carbon adjustment mechanism as a potential complement to existing macro-environmental policies in light of the European Union's reaffirmed climate goals. Rather than solely targeting greenhouse gas emissions …

Capturing banking flows: the predominant role of OFCs in the international financial architecture

This article intends to examine the border carbon adjustment mechanism as a potential complement to existing macro-environmental policies in light of the European Union's reaffirmed climate goals. Rather than solely targeting greenhouse gas emissions …