Template-type: ReDIF-Paper 1.0
Author-Name: Raffaella Barone
Author-Name: Donato Masciandaro
Title: CRYPTOCURRENCY OR USURY? CRIME AND ALTERNATIVE MONEY LAUNDERING TECHNIQUES
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 (ICO) tool. The calibration compares the leverage effect on the overall capital owned by the criminal organizations triggered by the two money laundering techniques.
Classification-JEL:K40, K42, K14, G18
Keywords: CRIME, MONEY LAUNDERING, CRYPTOCURRENCY, USURY, BANKING
Length: 23 pages
Number: 18101
Creation-Date: 2018
File-URL: https://repec.unibocconi.it/baffic/baf/papers/cbafwp18101.pdf
File-Format: application/pdf
File-Size: 682
Handle: RePEc:baf:cbafwp:cbafwp18101