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|z 9781451962123
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|a 1018-5941
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|a Quirk, Peter.
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|a Macroeconomic Implications of Money Laundering /
|c Peter Quirk.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1996.
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 of monetary behavior in industrial countries attributed to money laundering. It then examines the various potential channels by which money laundering influences macroeconomic performance, including an econometric estimate of its effects on GDP growth rates. Finally, the paper discusses macropolicy implications, particularly in the areas of exchange controls, prudential banking supervision, tax evasion, statistical reporting, and legislation.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1996/066
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1996/066/001.1996.issue-066-en.xml
|z IMF e-Library
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