Only in recent times has economic analysis developed a special, original
focus on financial issues related to the study of criminal activity, thus far
completely absent in the international literature. The basic theoretical
reason lies in the absen
ce of special treatment of monetary and financial
aspects within the traditional Becker model. Furthermore the complexity
of the topic also concerns the need to adopt a multidisciplinary approach,
using cognitive instruments associated with different disciplines: eco-
nomic, legal and social sciences.
In this working paper I propose a simple but hopefully useful frame-
work to understand the mechanisms
of the black finance markets. The
paper builds extensively on different works of the author (see refer-
ences), which provide considerable
details that space precludes present-
ing here.