It takes the average reader 4 hours and 46 minutes to read Banking Secrecy and Global Finance by Donato Masciandaro
Assuming a reading speed of 250 words per minute. Learn more
A 2009 G20 official document stated that the era of banking secrecy is over but is it? If banking secrecy is the result of market mechanisms, it suggests that worldwide demand and supply are likely to remain for a long time to come. Since the Global Financial Crisis, many countries have fought to combat banking secrecy, yet it permeates both national and international industries, and global efforts to prevent banking secrecy have been ineffective or at worst counterproductive. In this book, the authors show how the growth of criminal activity has systematically generated a demand for banking secrecy. They explore how national politicians and international banks have been motivated to supply banking secrecy through economic and political incentives, and shed light on the economics and politics of banking secrecy. This book takes a multidisciplinary approach to reveal the variety of behaviours and processes involved in making dirty money appear clean, providing an in-depth study of financial transactions which are characterized by a special purpose: hiding the originally illegal sources. This work will be of interest to students and scholars of economics and finance, and those with an interest in banking secrecy, global finance, international banking, and financial regulation.
Banking Secrecy and Global Finance by Donato Masciandaro is 283 pages long, and a total of 71,599 words.
This makes it 96% the length of the average book. It also has 88% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 6 hours and 31 minutes to read Banking Secrecy and Global Finance aloud.
Banking Secrecy and Global Finance is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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