Hot Money and the Politics of Debt by R. T. Naylor

No critic rating

Waiting for minimum critic reviews

See Reader Rating

Synopsis

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.
 

About R. T. Naylor

See more books from this Author
Naylor received his PhD from the University of Cambridge. He teaches economics at McGill University.
 
Published March 1, 2000 by Black Rose Books. 532 pages
Genres: Biographies & Memoirs, Business & Economics, Political & Social Sciences. Non-fiction

Reader Rating for Hot Money and the Politics of Debt
100%

An aggregated and normalized score based on 5 user ratings from iDreamBooks & iTunes


Rate this book!

Add Review