Are offshore financial centres the product of global markets? A sociological response

Economy and Society

Volumn 32, Issue 3, 2003, Pages 381-409

  Donaghy, Matthew ^a   Clarke, Michael ^a  

^a UNIVERSITY OF LIVERPOOL   (United Kingdom)

Author keywords

Analytical concepts; Globalization; Markets; OFCs; Typologies

Indexed keywords

FINANCIAL MARKET; GLOBALIZATION; OFFSHORE FINANCE; TYPOLOGY;

EID: 0141783685     PISSN: 03085147     EISSN: None     Source Type: Journal    
DOI: 10.1080/03085140303129     Document Type: Article

References (99)

1. Abolafia, M. Y. (1998) 'Markets as cultures: an ethnographic approach', in Callon (1998), pp. 69-87.
2. Albrow, M. (1996) The Global Age, Cambridge: Polity Press.
3. Aliber, R. Z. (1985) 'Eurodollars: an economic analysis', in P. Savona and D. Sutija (eds) Eurodollars and International Banking, New York: St Martin's Press, pp. 77-98.
4. Amin, A. (1997) 'Placing globalization', Theory, Culture and Society 14(2): 123-37.
5. Appelbaum, R. (1998) 'The future of law in a global economy', Social and Legal Studies (2): 171-92.
6. Association of Monaco Bankers (1998) Promotional Leaflet.
7. Authers, J. (1998) 'Swiss banks face phased NY sanctions', Financial Times 3 July.
8. Beck, U., Giddens, A. and Lash, S. (eds) (1995) Reflexive Modernization: Politics, Tradition and Aesthetics in the Modern Social Order, Cambridge: Polity Press.
9. Black, I. (1997) 'Detritus of the Empire: Britain finds it hard to shake off DT's', Guardian 21 June.
10. Blattner, N., Genberg, H. and Swoboda, A. (eds) (1993) Banking in Switzerland, Heidelberg: Physica-Verlag.
11. Bollman, H. (1992) 'Switzerland', in D. Campbell (ed.) International Bank Secrecy, London: Sweet & Maxwell, pp. 663-99.
12. Butler, C. (1997) 'Choose your haven wisely', The European 5 June.
13. Callon, M. (ed.) (1998) The Laws of the Markets, Oxford: Blackwell.
14. Castells, M. (1996) Rise of the Network Society, Oxford: Blackwell.
15. Castells, M. (2000) 'Materials for an exploratory theory of the network society', British Journal of Sociology 51(1): 5-24.
16. Cerny, P. (1997) 'Paradoxes of the Competitive State: the dynamics of political globalisation', Government and Opposition 32(2): 251-74.
17. Chambost, E. (1983) Bank Accounts: A World Guide to Confidentiality, Chichester: Wiley.
18. Cobb, S. C. (1999) 'The role of corporate, professional and personal networks in the provision of offshore financial services', Environment and Planning A 31(10): 1877-93.
19. Cook, R. (1998) 'A new partnership', speech to the Dependent Territories Association, London, 4 February.
20. Crisell, M. (ed.) (1997) Offshore Finance Yearbook 1997-98, Colchester: Euromoney.
21. Dale, R. (1984) The Regulation of International Banking, Cambridge: Woodhead-Faulkner.
22. DiMaggio, P. (1994) 'Culture and economy', in Smelser and Swedberg (1994), pp. 27-57.
23. Dodd, N. (1994) The Sociology of Money, Cambridge: Polity Press.
24. Donaghy, M. P. (1999) 'Offshore financial centres in a globalized economy: the sociological dimensions of bank confidentiality in Monaco', unpublished PhD, University of Liverpool.
25. Donaghy, M. P. (2001a) 'Making bank privacy transparent', Privacy Council Viewpoint, November, www.privacycouncil.com.
26. Donaghy, M. P. (2001b) 'Between tradition and law: sociological conditions of bank confidentiality in Monaco', Social and Legal Studies 10(1): 61-82.
27. Donaghy, M. P. (2002a) 'Formality and informality in offshore financial centres', Social Identities 8(2): 271-86.
28. Donaghy, M. P. (2002b) 'Monetary privacy in the information economy: bank confidentiality in Monaco', International Sociology 17(1): 113-33.
29. Duursma, J. (1994) Self-Determination, Statehood and International Relations of Micro-States, Leyden: University of Leyden.
30. The Economist (1983) 'Taking the secret out of Swiss banking', The Economist, 16 July.
31. Einzig, P. (1973) The Euro-Dollar System: Practice and Theory of International Rates, Basingstoke: Macmillan.
32. Engel, B. S. (1997) 'Preface', in Crizell (1997), pp. 1-2.
33. Engstrom-Bondy, B. and Makin, C. (1991) Swiss Banking in the 1990s, London: IFR.
34. Faith, N. (1984) Safety in Numbers: The Mysterious World of Swiss Banking, London: Hamish Hamilton.
35. Financial Supervision Commission (FSC) (The Isle of Man) (1996-7) Annual Report, Douglas: Financial Supervision Commission.
36. Fligstein, N. (1996) 'Markets as politics: a political-cultural approach to market institutions', American Sociological Review 61: 656-73.
37. Fligstein, N. (2001) 'Social skill and the theory of fields', Working Paper, Centre for Culture, Organizations and Politics.
38. Garapon, A. (1995) 'French legal culture and the shock of globalization', Social and Legal Studies 4(4): 493-506.
39. Gessner, V. and Schade, A. (1993) 'Conflicts of culture in cross-border legal relations: the conception of a research topic in the sociology of law', in M. Featherstone (ed.) Global Culture: Nationalism, Globalization and Modernity, London: Sage, pp. 253-78.
40. Giddens, A. (1995) 'Living in a post-traditional society', in Beck, Giddens and Lash (1995), pp. 56-109.
41. Gill, S. (1993) Gramsci, Historical Materialism and International Relations, Cambridge: Cambridge University Press.
42. Granovetter, M. (2002) 'A theoretical agenda for economic sociology', in M. Guillen, R. Collins, P. England and M. Meyer (eds) The New Economic Sociology: Developments in an Emerging Field, New York: Russell Sage Foundation.
43. Guttentag, J. and Herring, R. (1986) 'Disclosure policy and international banking', Journal of Banking and Finance 10: 75-97.
44. Guyer, J. I. (ed.) (1995) Money Matters, Portsmouth: Heinemann
45. Hall, M. (1987) Financial Deregulation, Basingstoke: Macmillan.
46. Hampton, M. (1996) The Offshore Interface: Tax Havens in the Global Economy, Basingstoke: Macmillan.
47. Hampton, M. P. and Abbott, J. P. (eds) (1999) Offshore Finance Centres and Tax Havens: The Rise of Global Capital, London: Macmillan.
48. Held, D. (2000) A Globalizing World? London: Routledge.
49. Hirst, P. and Thompson, G. (1996) Globalization in Question, Cambridge: Polity Press.
50. Hudson, A. (1998) 'Placing trust, trusting place: on the social construction of offshore financial centres', Political Geography 17(8): 915-37.
51. Hudson, A. (2000) 'Offshoreness, globalization and sovereignty: a postmodern geo-political economy?' Transactions ofthe Institute of Geography 25(3): 269-83.
52. Hughes, C. (1975) Switzerland, New York: Praeger.
53. Iklé, M. (1972) Switzerland as an International Financial Center, Stroudsburg, PA: Downden, Hutchinson & Ross.
54. The International (1998) 'Offshore savings', The International November: 66.
55. Isle of Man Government (1991) Annual Policy Report, Douglas: October.
56. Isle of Man Governent (1996) Fact File, Douglas: Nelson Press.
57. Isle of Man Review of the Year (1995-6).
58. Johns, R. A. and Le Marchant, C. M. (1993) Finance Centres: British Isles Offshore Development Since 1979, London: Pinter.
59. Johnson, A. (1996) '"It's good to talk": The focus group and the sociological imagination', Editorial Board of the Sociological Review, 517-38.
60. Kelso, P. (2000) 'Land of milk and honey', Guardian 1 September.
61. Leyshon, A. and Thrift, N. (1997) Money and Space: Geographies of Monetary Transformation, London and New York: Routledge.
62. Lopez-Ayllon, S. (1995) 'Notes on Mexican legal culture', Social and Legal Studies 4(4): 477-92.
63. McCarthy, I. (1979) 'Offshore banking centres: benefits and costs', Finance and Development 16(4): 45-8.
64. MacMillan, J. and Linklater, A. (eds) (1995) Boundaries in Question: New Directions in International Relations, London: Zed Books.
65. Magione, G. (1993) 'The European Community between social policy and social regulation', Journal of Common Market Studies 31(2): 153-70.
66. Maples and Calder (1994) 'The Cayman Islands', in B. Spitz (ed.) Tax Havens Encyclopaedia, London: Butterworths, pp. 1-35.
67. Martin, R. (1994) 'Stateless monies, global financial integration and national economic autonomy: the end of geography', in S. Corbridge, R. Martin and N. Thrift (eds) Money, Power and Space, Oxford: Blackwell, pp. 253-78.
68. Martin, H. P. and Schumann, P. (1997) The Global Trap, London: Zed Books.
69. Mattei, U. (1997) Comparative Law and Economics, Michigan: University of Michigan Press.
70. Maurer, B. (2000) 'A fish story: rethinking globalization on Virgin Gorda, British Virgin Isles', American Ethnologist 27(3): 670-701.
71. Meyer, B. and Geschiere, P. (eds) (1999) Globalization and Identity, Oxford: Blackwell.
72. Neary, M. and Taylor, G. (1998) Money and the Human Condition, Basingstoke: Macmillan.
73. Nelken, D. (1995) 'Disclosing/invoking legal culture', Social and Legal Studies 4(4): 435-52.
74. Nelken, D. (ed.) (1997) Comparing Legal Cultures, Dartmouth: Dartmouth Publishing.
75. Noakes, J.E. (1995) 'Speech for the Isle of Man Government Lunch', Geneva, 2 November.
76. O'Brien, R. (1991) Financial Integration: The End of Geography, London: Pinter.
77. Ohmae, K. (1990) The Borderless World: Power and Strategy in the Interlinked Economy, London: Collins.
78. Palan, R., Abbott, J. and Deans, P. (1996) State Strategies in the Global Political Economy, London: Pinter Press.
79. Parry, J. P. and Bloch, M. (eds) (1989) Money and the Morality of Exchange, Cambridge: Cambridge University Press.
80. Picciotto, S. and Hains, J. (1999) 'Regulating global financial markets', Law and Society 26(3): 351-68.
81. Rawlings, G. (1999) 'Villages, islands and tax havens: the global/local implications of a financial entrepot in Vanuatu', Canberra Anthropology 22(2): 37-50.
82. Roberts, S. (1994) 'Fictitious capital, fictitious spaces: the geography of offshore financial flows', in S. Corbridge, R. Martin and N. Thrift (eds) Money, Power and Space, Oxford: Blackwell, pp. 91-115.
83. Robinson, J. (1994) The Laundrymen: Inside the World's Third Largest Business, London: Simon & Schuster.
84. Sklair, L. (1995) Sociology of the Global System, 2nd edn, New York: Harvester Wheatsheaf.
85. Smelser, N. J. and Swedberg, R. (eds) (1994) The Handbook of Economic Sociology, Princeton, NJ: Russell Sage Foundation.
86. States of Jersey (1997) The International Financial Centre.
87. Steiner, H. R. and Pfenniger, M. D. (1998) 'Bank confidentiality in Switzerland: part three', Butterworths Journal of International Banking and Finance Law March: 93-7.
88. Strange, S. (1995) 'The defective state', Daedalus 124(2): 55-74.
89. Swedberg, R. (1997) 'The new economic sociology: what has been accomplished, what is ahead?', Acta Sociologica 40(2): 161-82.
90. Sweeney, J. (1996) 'Jersey dragged into bank scandal after £17,000,000 goes missing', The Observer, 22 September.
91. Tsoukalis, L. (ed.) (1985) The Political Economy of International Money, London: Sage.
92. Wacquant, L. D. (1989) 'Towards relfexive sociology: a workshop with Pierre Bourdieu', Sociological Theory 7: 30-57.
93. Walby, S. (1999) 'The new regulatory state: the social powers of the European Union', British Journal ofSociology 50(1): 118-40.
94. Wallerstein, I. (1974) The Modern World System, vol. 1, New York: Academic Press.
95. Walter, I. (1989) The Secret Money Market, New York: Harper & Row.
96. Wirth, M. (1993) 'Measuring the performance of banks: conceptual problems and results for Switzerland (1987-1991)', in Blattner, Genberg and Swoboda (1993), pp. 7-48.
97. Wong, S. and Salaff, J. W. (1998) 'Network capital: emigration from Hong Kong', British Journal of Sociology 49(3): 3-30.
98. Zelizer, V. (1993) 'Making multiple monies', in R. Swedberg (ed.) Explorations in Economic Sociology, New York: Russell Sage Foundation, pp. 193-212.
99. Zelizer,V. (2000) 'Fine tuning the Zelizer view', Economy and Society 29(3): 383-89.