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This paper puts into perspective enforcement as conducted by the French Financial Market Authority since its creation in 2003 until 2021 with regards to the current state of the literature on financial crimes. We survey exhaustively the three main channels of action: sanctions, settlements...
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We study the relationship between collusion and corruption in a stylized model of repeated procurement where the cost … bureaucrats, generating a trade-off. When the likelihood of corruption is high and competition is weak, collusion may be a price … worth paying to curb corruption. …
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