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Compliance with the AML/CFT [Anti-Money Laundering and Combating the Financing of Terrorism] international standard : lessons from a cross-country analysis
Verdugo Yepes, Concepcion - 2011
This paper assesses countries’ compliance with the Anti-Money Laundering and Combating the Financing of Terrorism (AML …
Persistent link: https://www.econbiz.de/10009424878
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Money Laundering and the International Financial System
Tanzi, Vito - 1996
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014396214
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Bankers without Borders? : Implications of Ring-Fencing for European Cross-Border Banks
Makarova, Yulia - 2010
This paper presents a stylized analysis of the effects of ring-fencing (i.e., different restrictions on cross-border transfers of excess profits and/or capital between a parent bank and its subsidiaries located in different jurisdictions) on cross-border banks. Using a sample of 25 large...
Persistent link: https://www.econbiz.de/10014402660
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Islamic Finance and Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)
Kyriakos-Saad, Nadim; Vasquez, Manuel; El Khoury, Chady; … - 2016
The money laundering (ML) and terrorist financing (TF) risks associated with conventional finance are generally well …
Persistent link: https://www.econbiz.de/10011445375
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Loss of correspondent banking relationships in the Caribbean : trends, impact, and policy options
Alleyne, Trevor; Bouhga-Hagbe, Jacques; Dowling, Thomas; … - 2017
Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships or have been successful in replacing lost CBRs. However, the cost of services has increased...
Persistent link: https://www.econbiz.de/10011743070
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Caribbean offshore Financial Centers : Past, Present, and Possibilities for the Future
Suss, Esther C. - 2002
The paper reviews the development of offshore financial activities in the English-speaking Caribbean islands and takes stock of the size and status of these sectors today. In view of the heightened concerns of the international community about money laundering, the costs and risks to countries...
Persistent link: https://www.econbiz.de/10014399653
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A Theory of ""Crying Wolf"" : The Economics of Money Laundering Enforcement
Takáts, Elöd - 2007
The paper shows how excessive reporting, called ""crying wolf"", can dilute the information value of reports. Excessive reporting is investigated by undertaking the first formal analysis of money laundering enforcement. Banks monitor transactions and report suspicious activity to government...
Persistent link: https://www.econbiz.de/10014400226
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Macroeconomic Implications of Money Laundering
Quirk, Peter J. - 1996
This paper reviews the main analytical, empirical, and policy issues related to the macroeconomic implications of money laundering. The paper discusses, first, how money laundering can be measured, given that it is unobservable, and reports cross-section econometric estimates of the displacement...
Persistent link: https://www.econbiz.de/10014396228
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Financial disruptions and the cyclical upgrading of labor
Epstein, Brendan; Finkelstein Shapiro, Alan; González … - 2017
Amid total factor productivity (TFP) shocks job-to-job flows amplify the volatility of unemployment, but the aggregate implications of job-to-job flows amid financial shocks are less understood. To develop such understanding we model a general equilibrium labor-search framework that incorporates...
Persistent link: https://www.econbiz.de/10011704664
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Fiscal consequences of terrorism
Cevik, Serhan; Ricco, John - 2015
This paper provides an empirical analysis of how the frequency and severity of terrorism affect government revenue and … expenditure during the period 1970-2013 using a panel dataset on 153 countries. We find that terrorism has only a marginal … robust to alternative specifications and empirical strategies. On the other hand, we find strong evidence that terrorism is …
Persistent link: https://www.econbiz.de/10011408259