From: jya@pipeline.com (John Young)
To: cypherpunks@toad.com
Message Hash: 86e1932bc77e8cbfcb98a733c338db5d680e072e1b1443e6463de3da7157256f
Message ID: <199608262221.WAA00909@pipe5.t1.usa.pipeline.com>
Reply To: N/A
UTC Datetime: 1996-08-27 04:12:33 UTC
Raw Date: Tue, 27 Aug 1996 12:12:33 +0800
From: jya@pipeline.com (John Young)
Date: Tue, 27 Aug 1996 12:12:33 +0800
To: cypherpunks@toad.com
Subject: CLE_nup
Message-ID: <199608262221.WAA00909@pipe5.t1.usa.pipeline.com>
MIME-Version: 1.0
Content-Type: text/plain
8-26-96. FiTi:
"Cleaning up the global economy. Policymakers must ponder
the effects of money laundering."
Is money laundering - as opposed to the crimes which
produce it - necessarily such a bad thing?
As Vito Tanzi notes in his IMF paper, the fact that
money launderers are not fussy about economic
fundamentals can help governments continue to pursue lax
fiscal and monetary policies if they are equally unfussy
about the origin of capital inflows. A pact with the
devil, perhaps. But for many countries it may seem more
attractive than signing up to a global financial market
equivalent of Neighbourhood Watch.
+ Money Laundering and the International Financial
System, IMF working paper, May 1996.
-----
http://jya.com/clenup.txt (7 kb)
CLE_nup
Return to August 1996
Return to “jya@pipeline.com (John Young)”
1996-08-27 (Tue, 27 Aug 1996 12:12:33 +0800) - CLE_nup - jya@pipeline.com (John Young)