Drivers of an international financial centre: lessons for Mauritius

Kheswar Jankee
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Kheswar Jankee: University of Mauritius, Mauritius

Theoretical and Applied Economics, 2014, vol. XXI, issue Special, 258-272

Abstract: There has been a lot of recent debate on Mauritius as a tax haven and the predominant role of double taxation agreement (DTAs) as a major factor determining the growth of Mauritius as an IFC. This paper studies the factors leading to growth of an International Financial Centre (IFC) and the nexus between the status of an IFC and financial development. Using a Probit model, we investigate whether factors like institutional quality, financial openness, financial development, law and regulatory framework determine the successful positioning of IFCs including Mauritius.

Keywords: reform; financial institution; financial centre; Probit. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxi:y:2014:i:special:p:258-272

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