ARDIZZI, GUERINO; PETRAGLIA, CARMELO; PIACENZA, MASSIMILIANO - In: Journal of Money, Credit and Banking 46 (2014) 8, pp. 1555-1590
This study provides an answer to the question of how much cash deposited via a financial institution can be traced back to criminal activities, by developing a new approach to measure money laundering and proposing an application to Italy. We define a model of cash inâflows on current accounts...