I RIFLESSI ECONOMICO-GIURIDICI DELLA NORMATIVA ANTIRICICLAGGIO VATICANA NEL CONTESTO INTERNAZIONALE

This work examines the impact of the recent anti-money laundering regulation of the Vatican City, focusing on the economic and legal aspects through the use of mathematical tools and economic theories. In order to accomplish this task, it is essential to identify the exact balance between “a regulation” ensuring the stability of financial markets and “a sacrifice”, measured in terms of the reduction of freedom within the economic system in general. Indeed, once the existence of a trade-off between financial stability and economic freedom has been determined, it is up to the legislature to identify the optimal combination which, on the one hand, maximizes social welfare and, on the other, can ensure a tolerable level of financial impropriety that is detectable as money-laundering.

About Arrigo Cimica
Arrigo Cimica holds a Ph.D in Legal Studies from the University of Macerata. After earning a Bachelor’s degree in Banking, Financial and Insurance Economics and a Master’s degree in Innovation in Public Administration, he became a researcher and contract lecturer of Public Finance as well as of Institutions of Political Economics at the University of Macerata. He wrote La trasformazione dell’industria del gioco, Quaderni del Dipartimento di Economia e Diritto, University of Macerata, n. 14.