Cryptocurrency or usury? Crime and alternative money laundering techniques
Raffaella Barone and
Additional contact information
Raffaella Barone: Bocconi University
European Journal of Law and Economics, 2019, vol. 47, issue 2, No 3, 233-254
Abstract The article presents a novel dynamic setting to compare old—usury—and new—cryptocurrency—money laundering techniques and uses it for calibration to shed light on their relative role as an effective device for the criminal organizations to clean their illegal revenues. The specialness of the usury contract depends on its role in laundering illegal revenues originating from criminal activities and it is independent from the interest rate level, while the cryptocurrency money laundering is associated with an initial coin offering tool. The calibration compares the leverage effect on the overall capital owned by the criminal organizations triggered by the two money laundering techniques.
Keywords: Crime; Money laundering; Cryptocurrency; Usury; Banking (search for similar items in EconPapers)
JEL-codes: K40 K42 K14 G18 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10657-019-09609-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:ejlwec:v:47:y:2019:i:2:d:10.1007_s10657-019-09609-6
Ordering information: This journal article can be ordered from
Access Statistics for this article
European Journal of Law and Economics is currently edited by Jürgen Georg Backhaus, Giovanni B. Ramello and Alain Marciano
More articles in European Journal of Law and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().