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Financial Integration, Its Implication for Money Laundering – An Introspection

The Gains and Pains of Financial Integration and Trade Liberalization

ISBN: 978-1-83867-004-7, eISBN: 978-1-78973-999-2

Publication date: 26 November 2019

Abstract

The emerging market economies, in particular, have become victim to the laundering activities which have damaged investment potentials, undermined governance, fostered crime and corruption, and decreased tax revenues. In this chapter, we construct a macrotheoretic framework to analyze money laundering in the form of tax evasion by individuals in an economy in the events of financial autarky and free trade. In other words, our theoretical model allows us to examine if movement from autarky to a state of financial integration whets the degree of financial malpractice like money laundering.

Keywords

Citation

Bhattacharjee, M., Chowdhury, J.R. and Ghosh, D. (2019), "Financial Integration, Its Implication for Money Laundering – An Introspection", Bhattacharyya, R. (Ed.) The Gains and Pains of Financial Integration and Trade Liberalization, Emerald Publishing Limited, Leeds, pp. 207-217. https://doi.org/10.1108/978-1-78973-999-220191025

Publisher

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Emerald Publishing Limited

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