Hot Money and the Politics of Debt - Hardcover

Naylor, R. T.

Hardcover

ISBN 10: 0671623192 ISBN 13: 9780671623197

Publisher: Linden Pub, 1987

Synopsis

Describes how criminals protect their money from taxes, currency controls, and the police by putting it in foreign banks and investments

About this title

About the Author

R.T. Naylor is professor, economics, McGill University, and the author of many books, including Economic Warfare: Sanctions, Embargo Busting, and Their Human Cost, and Bankers, Bagmen, and Bandits: Business and Politics in the Age of Greed.

From Publishers Weekly

McGill University economist Naylor depicts a postWW II intercontinental inferno of high finance involving deceit, corruption, fraud, greed, conspiracy, tax evasion, drug dealing, arms smuggling and politico-monetary "peekaboo" sleight-of-hand as government VIPs worldwide, international bankers, labor unions, the CIA, the Mafia, the Vatican, the Moonies, Latin American juntas, African potentates and Middle East terrorists, Hong Kong and Panama innovators, covert contra-aiders and assorted illicit combines variously divert billions from the economy of nations. Secret Swiss and "offshore" bank accounts, dummy corporations and the like siphon off "hot money," which in some cases, charges the author, may equal a country's entire national debt. "There would be no debt crisis," he concludes, "without large-scale capital flight." Dozens of such intrigues are chronicled here with massive data, some of it "alleged," "claimed," "rumored" or "likely," yet all of it rings with credibility.
Copyright 1987 Reed Business Information, Inc.

Edition details

• Publisher: Linden Pub
• Publication date: 1987
• ISBN 10: 0671623192
• ISBN 13: 9780671623197
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 463