SSRN Home Search and Download Papers Browse Abstract and Paper Submission Subscribe to Networks View Briefcase Top Papers Top Authors Top Institutions

 

Abstract

 
 

References (41)

Beta

 
 

Citations (1)

Beta

 


 


Download | Share | Email | Add to Briefcase | Buy Hard Copy

Combating Black Money: Money Laundering and Terrorism Finance, International Cooperation and the G8 Role

Donato Masciandaro
Bocconi University - Department of Economics (ECO); Bocconi University - Centre for Research on Monetary and Financial Economics "Paolo Baffi" (CEMF)


June 2004

Universita di Lecce Economics Working Paper No. 56/26

Abstract:     
In the aftermath of September 11th, growing attention has been paid to the role of Non-Cooperative Countries and Territories (NCCT) in money laundering and terrorist financing (black money). Policymakers concentrate their attention on the possibility that NCCT jurisdictions might facilitate the task of terrorists as well as criminal organizations (black money). Two interacting principles commonly feature in the debate on the relationship between black money and NCCTs: a) money laundering is facilitated by lax financial regulation; b) countries adopting lax financial regulation do not co-operate in the international effort aimed at combating money laundering. In this paper we develop the assumption that lax financial regulation may be a strategic dependent variable for national policymakers seeking to maximize the net benefits produced by any public policy choice. Therefore, given the structural features and endowments of their own countries, policymakers may it find profitable to adopt financial regulations that attract capital of illicit origin (money laundering services) or destination (terrorism finance services), therefore choosing to be a NCCT jurisdiction.

Working Paper Series

Date posted: July 04, 2004 ; Last revised: March 18, 2008

Suggested Citation

Masciandaro, Donato, Combating Black Money: Money Laundering and Terrorism Finance, International Cooperation and the G8 Role (June 2004). Universita di Lecce Economics Working Paper No. 56/26. Available at SSRN: http://ssrn.com/abstract=561183 or doi:10.2139/ssrn.561183


Export to: Export Citation What's this?

Contact Information

Donato Masciandaro (Contact Author)
Bocconi University - Department of Economics (ECO) ( email )
Via G. Roentgen, 1 - 5E211
20136 Milan Italy
Bocconi University - Centre for Research on Monetary and Financial Economics "Paolo Baffi" (CEMF)
20136 Milano Italy
Feedback to SSRN (Beta)


Paper statistics
Abstract Views: 2,563
Downloads: 636
Download Rank: 10,051
References: 41
Citations: 1

© 2009 Social Science Electronic Publishing, Inc. All Rights Reserved. Terms of Use  Privacy Policy
This page was served by apollo3 in 0.110 seconds.