Unger, Brigitte; Rawlings, Gregory - In: Global Business and Economics Review 10 (2008) 3, pp. 331-352
To compete for criminal money by means of high levels of bank secrecy has been a tempting strategy for countries to attract globally mobile funds. We show in a model that this 'Seychelles strategy' can increase national output, in particular, if a country takes first movement leadership in the...
