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
:Emerald Publishing Limited
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