Speaking in riddles

The Panama Papers and the global financial services sector

Datos Bibliográficos

ID8360451
AutoresJonathan Cloke (Loughborough University, autor de correspondencia), Edward Brown (0000-0002-0722-9348, Loughborough University), Ed Brown
Año2019
Volumen51
Número1
Páginas190-192
Fecha de publicación2019-03-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaArea (JOURNAL)
Identificadores de la revistaISSN: 0004-0894 • E-ISSN: 1475-4762
EditorialWiley (PUBLISHER • GB)
DOI10.1111/area.12431
OpenAlexW2793612714
IdiomaEN
Citas recibidas1
Referencias citadas11

In 2007, on the cusp of the economic crisis, a paper was published in Growth and Change (June 2007) entitled “Shadow Europe: alternative European financial geographies,” which began to tackle the idea of shadow finance in Europe and the size and inseparability of what was regarded as “shadow” from “normal” financial flows. A number of the observations made have proved remarkably prescient and one particular phrase stands out in the light of the recent revelations about the so‐called Panama Papers in 2016: “Strategically important flows of capital derived from complex underground production systems that have seldom been analyzed in detail move through the European financial networks that connect to offshore tax havens (Christensen, 2003). These havens are not a separate and distinct entity from the financial networks that connect world cities but rather a vital counterpart on which the functioning of the cities connected via those networks depends” (2007, p. 319). The revelation of the Panama Papers constitutes a new critical juncture from which to re‐visit that 2007 paper and to re‐examine the state of knowledge on shadow and formal financial flows

Capital (architecture) · Economics · Economy · Financial crisis · Geography · Keynesian economics · Shadow (psychology) · State (computer science) · Banking stability, regulation, efficiency · Computer Science · Corporate Taxation and Avoidance · Finance · Taxation and Compliance Studies