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Theoretical Approach Of Illigal Financial Flows’ Defining And Identification

Author

Listed:
  • Victoria IORDACHI

    (National Institute for Economic Research, Republic of Moldova)

  • Pavel CALPAJIU

    (Doctoral School of Economics of the State University of Moldova, Republic of Moldova)

Abstract

The last decade has perceived illicit financial flows as a growing concern and threat to human progress. The topicality of this research is conditioned by the need for a scientific approach to the phenomenon of illicit financial flows to analyze its complexity (all dimensions and facets). At the same time, it is imperative to evaluate the existing methodologies for quantifying illicit financial flows in order to develop a methodology, which will be relevant for the Republic of Moldova, with the aim to reduce the economic-financial and social risks through their efficient management and to reap the benefits of the recovered financial flows. The purpose of the research carried out consists in the theoretical substantiation of the process of identification and evaluation of illicit financial flows. In order to achieve the proposed goal, the following objectives were proposed: identifying the conceptual-methodological landmarks of the concept of illicit financial flow; researching the fundamental methodological elements for evaluating illicit financial flows.

Suggested Citation

  • Victoria IORDACHI & Pavel CALPAJIU, 2022. "Theoretical Approach Of Illigal Financial Flows’ Defining And Identification," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(3), pages 49-60.
    • Handle: RePEc:brc:brccej:v:7:y:2022:i:3:p:49-60
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    References listed on IDEAS

    as
    1. Gaulier, Guillaume & Zignago, Soledad, 2004. "Notes on BACI (analytical database of international trade). 1989-2002 version," MPRA Paper 32401, University Library of Munich, Germany.
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    More about this item

    Keywords

    illicit financial flow; balance of payments; exports; imports; external debt; Global Financial Integrity;
    All these keywords.

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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