Offshore Financial Centers and Regulatory Competition

  • Title:

    Offshore Financial Centers and Regulatory Competition
  • Edited By:

    Andrew P. Morriss
  • Paperback Price:

    44.95
  • Format:

    HardCover
  • Hardcover Price:

    44.95
  • Hardcover ISBN:

    978-0-8447-4324-0
  • Hardcover Dimensions:

    6" x 9"
  • 208 Hardcover pages
  • Buy the Book

Click here to purchase this book on Amazon


Advance praise for
Offshore Financial Centers and Regulatory Competition


“It is curious that governments want to regulate private monopolies but, at the same time, seek a monopoly of regulation. Economic theory and evidence suggest that regulatory competition delivers better results--especially competition between private regulators, but also between state regulators. This timely book shows why we should welcome and not attack offshore financial centers for the regulatory and tax competition they deliver.”

--Philip Booth, editorial and programme director, Institute of Economic Affairs, and professor of Insurance and Risk Management, Cass Business School, City University, London

Offshore Financial Centers and Regulatory Competition is a must-read for informed policymaking on the future of international finance. The essays by the leading authorities included in this volume provide insightful commentary about whether offshore financial centers are leading a race to the bottom or providing necessary discipline for financial regulation and taxation.”

--Larry Ribstein, Mildred Van Voorhis Jones Chair and associate dean for research, University of Illinois College of Law

“The recent financial crisis had its origins in the flawed policies of large continental economies. Jurisdictions that proved to have more robust markets, like Hong Kong, Australia or Canada, show that policymaking competition is essential to a thriving economy. Offshore financial centers also play a vital role in that competitive market. Like boutique financial firms, they innovate and offer a sharp competitive focus, because they succeed or fail as countries on the strength of their regulatory regime. This book explores that important contribution.”

--Bill Stacey, chairman, Lion Rock Institute, Hong Kong, and partner, Aviate Global

“The expansion of offshore centers has played a significant role in the evolution of global financial markets. The essays in this volume survey each of the major issues and institutions involved in adapting to a world where OFCs play a significant role, as well as issues that OFCs have faced in the process of adopting global standards. This volume is a must-read for anyone interested in the direction of the global financial system.”

--Yusuke Horiguchi, first deputy managing director, Institute for International Finance, and former director, Asia Pacific Department, International Monetary Fund

“At a time when OFCs are under ill-informed attack around the world, these essays focus on the real issues in the debate over international financial transactions and highlight how OFCs play a vital role in, and make an important contribution to, the global economy.”

--Timothy Ridley, past chairman, Cayman Islands Monetary Authority, and former joint senior partner, Maples & Calder

Contributors: Rose-Marie Belle Antoine, Craig M. Boise, Anna Manasco Dionne, Richard K. Gordon, Jonathan R. Macey, Andrew P. Morriss

Also Visit
AEIdeas Blog The American Magazine

What's new on AEI

AEI Election Watch 2014: What will happen and why it matters
image A nation divided by marriage
image Teaching reform
image Socialist party pushing $20 minimum wage defends $13-an-hour job listing
AEI on Facebook
Events Calendar
  • 27
    MON
  • 28
    TUE
  • 29
    WED
  • 30
    THU
  • 31
    FRI
Monday, October 27, 2014 | 10:00 a.m. – 11:30 a.m.
State income taxes and the Supreme Court: Maryland Comptroller v. Wynne

Please join AEI for a panel discussion exploring these and other questions about this crucial case.

Tuesday, October 28, 2014 | 9:30 a.m. – 12:15 p.m.
For richer, for poorer: How family structures economic success in America

Join Lerman, Wilcox, and a group of distinguished scholars and commentators for the release of Lerman and Wilcox’s report, which examines the relationships among and policy implications of marriage, family structure, and economic success in America.

Tuesday, October 28, 2014 | 5:30 p.m. – 7:00 p.m.
The 7 deadly virtues: 18 conservative writers on why the virtuous life is funny as hell

Please join AEI for a book forum moderated by Last and featuring five of these leading conservative voices. By the time the forum is over, attendees may be on their way to discovering an entirely different — and better — moral universe.

Thursday, October 30, 2014 | 2:00 p.m. – 3:00 p.m.
A nuclear deal with Iran? Weighing the possibilities

Join us, as experts discuss their predictions for whether the United States will strike a nuclear deal with Iran ahead of the November 24 deadline, and the repercussions of the possible outcomes.

Thursday, October 30, 2014 | 5:00 p.m. – 6:15 p.m.
The forgotten depression — 1921: The crash that cured itself

Please join Author James Grant and AEI senior economists for a discussion about Grant's book, "The Forgotten Depression: 1921: The Crash That Cured Itself" (Simon & Schuster, 2014).

No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.