| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8570 |
| DP8570 Tax havens or safe havens | |
| Jacques-François Thisse; Patrice Pieretti; Skerdilajda Zanaj | |
| 发表日期 | 2011-09-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Our aim is to explain how a small country can be viable as an international banking center (IBC). We build a model in which mobile investors choose between two banking centers located respectively in a small country and in a large country. These countries compete in two instruments, taxation and institutional infrastructure. It follows that an IBC can be a tax haven, a safe haven, or both. A small country that hosts an IBC is a safe haven when it is able to provide a high level of institutional infrastructure, whereas it chooses to be a tax haven when it cannot be competitive in institutional infrastructure. Even in this last case, an IBC need not be as bad as claimed in the general press because its presence fosters institutional competition across countries, which is ultimately beneficial to all investors. |
| 主题 | Financial Economics ; Public Economics |
| 关键词 | International banking centers Portfolio investments Institutional infrastructure competition Tax competition |
| URL | https://cepr.org/publications/dp8570 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537407 |
| 推荐引用方式 GB/T 7714 | Jacques-François Thisse,Patrice Pieretti,Skerdilajda Zanaj. DP8570 Tax havens or safe havens. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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