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 InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8868.
Date of creation: 2006
Date of revision:
Publication status: Published in The Pakistan Development Review 4.45(2006): pp. 1117-1133
Other versions of this item:
- Syed Azhar Hussain Shah & Syed Akhter Hussain Shah & Sajawal Khan, 2006. "Governance of Money Laundering: An Application of the Principal-agent Model," The Pakistan Development Review, Pakistan Institute of Development Economics, Pakistan Institute of Development Economics, vol. 45(4), pages 1117-1133.
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
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