Anti-money laundering regulations have been centred on the Know-Your-Customer rule so far, overlooking the fact that criminal proceedings that need to be laundered are usually represented by cash. This is the first study which tries to provide an answer to the question of how much of cash...

Anti-money laundering regulations have been centred on the "Know-Your-Customer" rule so far, overlooking the fact that criminal proceedings that need to be laundered are usually represented by cash. This is the first study which tries to provide an answer to the question of how much of cash...

We contribute to the debate on how to assess the size of the underground or shadow economy with a reinterpretation of the traditional Currency Demand Approach (CDA) à la Tanzi. We introduce three main innovations. First, we take as dependent variable in the money demand equation a direct...

Anti-money laundering regulations have been centred on the “Know-Your-Customer” rule so far, overlooking the fact that criminal proceedings that need to be laundered are usually represented by cash. This is the first study which tries to provide an answer to the question of how much of cash...

Italian Abstract: Il sistema italiano delle strutture di garanzia collettivi fidi (Confidi) riveste un ruolo di assoluta preminenza nel contesto europeo. Negli ultimi anni il numero di imprese associate è cresciuto senza sosta in tutto il Paese, ma il radicamento dei Confidi nel tessuto...

This paper investigates the role of public policies in Italy by assessing both the redistribution and risk sharing functions of interregional Net Fiscal Flows over a long time horizon. Its main novelty relies on the comparative approach that allows to contrast results obtained for two periods...

Italian Abstract: Il saggio propone una riflessione su criticità e potenzialità dei Confidi nell'allentare il vincolo del razionamento del credito delle PMI meridionali. In primo luogo si fornisce un inquadramento teorico della loro funzione nel rapporto banca-impresa, richiamando al tempo...