Excessive financial secrecy facilitates illicit financial flows, which constitute a major developmental challenge for … the semi-elasticity of cross-border financial assets to changes in financial secrecy and how it differs for countries at … various income levels. We develop a new financial secrecy dataset for the 2011-20 period, which covers many specific policies …

social comparison but also precludes productive synergies. Instead, the firm may impose a wage-secrecy policy to keep the … integrate workers when the latter are protected by limited liability. Furthermore, even when firms can impose wage secrecy, they …