000			01487pab a2200169 454500
008			180718b2002 xxu||||| |||| 00| 0 eng d
100			_aDonaghy, Matthew
245			_aMonetary privacy in the information economy: bank confidentiality in Monaco
260			_c2002
300			_ap.113-33.
362			_aMar
520			_aOffshore financial centres (OFCs), such as Switzerland and the Cayman Islands, increasingly have to exchange information on their financial activities, reflecting broader trends in what Castells has termed the `information economy'. However, what kind of information is being exchanged within and across offshore jurisdictions and what does this mean for the confidentiality of client information, so long the hallmark of `offshore' operations? On the basis of some recent research undertaken in the OFC of Monaco, this article argues that while information exchange represents an important dynamic within the contemporary international financial system, a culture of privacy remains a constitutive feature in the way that these centres operate. The author shows that Monaco is working hard to develop, not undermine, such a culture through structural, institutional, dispositional and spatial changes. Such an argument questions some prevailing theoretical discourses which view modern economies as being essentially information driven. - Reproduced.
650			_aMonetary policy
650			_aBanks
773			_aInternational Sociology
909			_a52128
999			_c52128 _d52128