Governance of Money Laundering: An Application of the Principal-agent Model
AbstractIn this model we evaluate the strategy of principal (international financial regime) and affectivity of the network of money transaction to minimize transaction of money through money laundering by making laws and procedure and get these implemented by agents. With the application of present value method of cost and returns to agents and clients payoff matrix is developed. The present strategy of principal seems suboptimal to involve informal agents and clients in anti- money laundering measures and it needs revision to involve them through incentives.
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Bibliographic InfoArticle provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.
Volume (Year): 45 (2006)
Issue (Month): 4 ()
Other versions of this item:
- Shah, Syed Azhar Hussain & Shah, Akhter Hussain & Khan, Sajawal, 2006. "Governance of Money Laundering: An Application of the Principal-agent Model," MPRA Paper 8868, University Library of Munich, Germany.
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
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