@booklet {64386,
	title = {International Efforts Against Money Laundering},
	year = {2000},
	month = {Oct 1, 2000},
	abstract = {In Dinah Shelton (ed.) Commitment and Compliance: The Role of Non{\textendash}binding Norms in the International Legal System. Oxford University Press, 2000, 244{\textendash}263The explosion of international financial activity over the last decade has been a central fact of international economic life. Balance of payments statistics indicate that cross{\textendash}border transactions in bonds and equities for the G{\textendash}9 states rose from less than 10 percent of gross domestic product in 1980 to over 140 percent in 1995. International bond markets have reached staggering proportions: by the end of 1995, some US$2.803 trillion of international debt securities were outstanding worldwide. Capital flows to developing countries and countries in transition grew from US$57 billion in 1990 to over US$211 billion in 1995. Foreign lending in form of international syndicated credit facilities has surged since the 1980s, to over US$320 billion at the end of 1995. Foreign exchange transactions {\textendash} which represent the world?s largest market {\textendash} reached an estimated average daily turnover of nearly US$1.2 trillion in 1995 compared to US$590 billion daily turnover in 1989.},
	author = {Beth A. Simmons}
}
