Ed. Andrew P. Morriss. "It is curious that governments want to regulate private monopolies but, at the same time, seek a monopoly of regulation. Economic theory and evidence suggest that regulatory competition delivers better results--- especially competition between private regulators, but also between state regulators. This timely book shows why we should welcome and not attack offshore financial centers for the regulatory and tax competition they deliver."---Philip Booth, editorial and programme director, Institute of Economic Affairs, and professor of insurance and risk management, Cass Business School, City University, London "Offshore Financial Centers and Regulatory Competition is a must-read for informed policymaking on the future of international finance. The essays by the leading authorities included in this volume provide insightful commentary about whether offshore financial centers are leading a race to the bottom or providing necessary discipline for financial regulation and taxation."---Larry Ribstein, Mildred Van Voorhis Jones Chair and associate dean for research, University of Illinois College of Law