1 The Ecstatic of the Excess in Bataille, Baudrillard, and Marx -- 2 Overaccumulation and Crisis -- 3 The Hypertrophy of the Excess: Speculative Capital and Derivatives -- 4 The Transformation of the Shareholder Concept and the New Asset Managers -- 5 Financial Capital. Leverage Power and...

Shadow banking is a broad concept. A possible definition is that it comprises non-bank institutions which undertake bank-like activities. Another characteristic is that the sector is overall less regulated. Therefore there are still shortcomings in systematic collection of information of the sector.

Tax arbitrage is often cited as a potential motive for the substantial growth and complexity of market based finance. Tax treaties are an important feature of the international tax system and can be used to reduce the tax burden on cross-border capital flows. Using an EU firm-level dataset and a...

Tax arbitrage is often cited as a potential motive for the substantial growth and complexity of market based finance. Tax treaties are an important feature of the international tax system and can be used to reduce the tax burden on cross-border capital flows. Using an EU firm-level dataset and a...