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The Illegal Sector, Money Laundering and the Legal Economy: A Macroeconomic Analysis

Journal of Financial Crime

ISSN: 1359-0790

Article publication date: 1 April 2000

Abstract

This paper presents a macroeconomic framework useful to the analysis of the relationships between the illegal sector, money laundering and the legal economy from a human as well as a financial viewpoint. Economists have not yet systematically studied the interactions between illegal sectors, money‐laundering activities and the legal market. This study is part of a larger area of research which takes a particular interest in the economic analysis of money laundering. In previous years this author has developed a microeconomic analysis of the money‐laundering mechanisms and of the related regulations; this is a deeper examination of the macro consequences.

Citation

Masciandaro, D. (2000), "The Illegal Sector, Money Laundering and the Legal Economy: A Macroeconomic Analysis", Journal of Financial Crime, Vol. 8 No. 2, pp. 103-112. https://doi.org/10.1108/eb025972

Publisher

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MCB UP Ltd

Copyright © 2000, MCB UP Limited