Hot money and the politics of debt / R.T. Naylor.

Format:

Book

Author/Creator:

Naylor, R. T., 1945-

Language:

English

Subjects (All):

Money laundering.

International finance.

Debts, External--Developing countries.

Debts, External.

Physical Description:

1 online resource (563 p.)

Edition:

3rd ed.

Place of Publication:

Montreal : McGill-Queen's University Press, c2004.

Language Note:

English

Summary:

A ball of hot money rolls around the world. It seeks anonymity and political refuge. It dodges taxes and sidesteps currency controls. It rolls through offshore shell companies and secret bank accounts, phoney charities and fraudulent religious foundations. It is kept rolling by white-collar criminals, gun-runners, drug dealers, insurgent groups, scam artists, tax evaders, gold and gem smugglers, and, not least, secret service agents plotting coups and financing revolutions. R.T. Naylor explains the origins of this pool of hot and homeless money, its origins, its uses and abuses, how the world of high finance, corporate and governmental, became hostage to it, and the price the world is paying and will continue to pay until the hostages are released. This book was one of the first, and remains the most comprehensive, to dissect the world of offshore finance, capital flight, money laundering, and tax evasion. Once a subject of concern principally to tax authorities and finance ministries, since the September 11, 2001 hot and homeless money has now become a central preoccupation for police forces and intelligence services around the world.

Contents:

Front Matter

Contents

Acknowledgments to the First Edition

Introduction

Prologue

The World According to Meyer Lansky

Capital Flight in the JetAge

Eurodollars and Nonsense

Red Iuk and Black Gold

Sheikhs in Sombreros?

Parables of Peculiar Talents

Putting the Money Changers Bak in the Temple

Of Dope, Debt,and Dictatorship

Playing Russian Roulette with the Polish Debt

Paradise Lost?

What Went Down with the Belgrano?

Born-Again Banking

High Finance in Cocaine Country

On coca-collateral and the Andean Debt

Country of Convenience

What gets Washed in the Pacific Basin?

Some Like It Hot

Binds of a Feather...

What Flies into the Cuckoo's nest?

Swiss Contributions to Economic Development

Good Neighbor Switzerland

The Grim Reaper

Economics for the Moral Majority

Buddy, Can Non Spare a Billion?

Whats's Better in the Bahamas?

Ghost Companies and Haunted Banks

Strange Harvest

Capital Punishment

Taking Stock

Flight of Fancy

Postscript: The Permanent Bull Economy

Afterword On Whom the Toll Tells

Final Acknowledgments

Notes

Bibliography and Sources

Index

Notes:

Includes index.

Includes bibliographical references: p. 516-519.

ISBN:

1-282-86197-2

9786612861970

0-7735-7207-4

OCLC:

243600856