NDLI: Loan-sharking in a time of crisis: lessons from Rome’s illegal credit market

Content Provider	Springer Nature Link
Author	Marinaro, Isabella Clough
Copyright Year	2016
Abstract	One of the consequences of Italy’s on-going financial crisis has been rising civil society activism and media attention to the growing phenomenon of families and small businesses becoming indebted to illegal moneylenders. Much of the public discourse focuses on indications that major organized crime groups are strengthening their participation in this sector and appropriating homes and business assets as a means of laundering money and expanding their presence in the legal economy. This article examines the multiple and complex factors that leave rising numbers of small business owners with few alternatives to seeking illegal sources of credit in order to continue operating financially. Focusing on the city of Rome and drawing on in-depth interviews with support groups and former debtors, as well as on a wide range of documentation and statistical data, it provides a multiscalar analysis of the ways in which local social norms concerning informal credit and the exigencies of day-to-day business practice on a micro scale are interwoven with the macro-level effects of legislation, banking practices, and the capacity of institutions mandated to fight illegal lending. It questions whether an adequate system of alternatives to borrowing illegally exists and the extent to which the official mechanisms in place to disincentivize this practice are effective.
Starting Page	196
Ending Page	215
Page Count	20
File Format	PDF
ISSN	10844791
Journal	Trends in Organized Crime
Volume Number	20
Issue Number	1-2
e-ISSN	19364830
Language	English
Publisher	Springer US
Publisher Date	2016-05-26
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Usury Loan-shark Illegal lending Illegal credit Rome Italy Economic crisis Criminology and Criminal Justice Political Science Sociology
Content Type	Text
Resource Type	Article
Subject	Law

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Taking loan sharking into account: a case study of Chinese vest-pocket lenders in Holland

Illegal logging: A market-based analysis of trafficking in illegal timber

The illegal cigarette trade in New York City

The political-criminal nexus in italy

“Le ‘ecomafie,’” : Up & Down, Rome, Italy, Vol. 3, No. 2, February 1995: 1–201

Combatting illegal cannabis cultivation in Turkey

Practicing Convict Criminology: Lessons Learned from British Academic Activism

Illegal trade in tobacco in MERCOSUR countries

Illicit tobacco trade in Greece: the rising share of illicit consumption during crisis

Loan-sharking in a time of crisis: lessons from Rome’s illegal credit market

Similar Documents

Taking loan sharking into account: a case study of Chinese vest-pocket lenders in Holland

Illegal logging: A market-based analysis of trafficking in illegal timber

The illegal cigarette trade in New York City

The political-criminal nexus in italy

“Le ‘ecomafie,’” : Up & Down, Rome, Italy, Vol. 3, No. 2, February 1995: 1–201

Combatting illegal cannabis cultivation in Turkey

Practicing Convict Criminology: Lessons Learned from British Academic Activism

Illegal trade in tobacco in MERCOSUR countries

Illicit tobacco trade in Greece: the rising share of illicit consumption during crisis

Loan-sharking in a time of crisis: lessons from Rome’s illegal credit market