Estimating money laundering in Italy, Eurozone and North America

Michele Bagella, Francesco Busato () and Amedeo Argentiero

BANCARIA, 2010, vol. 11, 15-22

Abstract: This paper explores the ability of a class of two-sector dynamic general equilibrium models to generate equilibrium time series for Money Laundering (Ml), through numerical simulations.The paper adopts this approach for the Italian, Us and the Eu-15 economies.The simulations show that Ml accounts for 19 % of Gdp in the Eu-15 economy, while it accounts for 13 % in the Us and 12% in Italy. Moreover, the Ml simulated for the Eu-15 is less volatile and negatively correlated with respect to Gdp, while the correlation is positive for the Us economy.

Keywords: riciclaggio; modello di equilibrio generale dinamico; economia criminale. (search for similar items in EconPapers)
JEL-codes: E26 E32 K40 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:11:y:2010:m:november:p:15-22

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