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Civil Wars· 2026Q1

Dirty Cash (Or Money Talks)? New Adventures in Armed Group Financing and the Study of the Financialisation of Rebel Governance

James Worrall, Alex Waterman

Short summary

Armed groups finance their operations through diverse means, from traditional banditry and smuggling to modern cryptocurrency, highlighting the need to 'follow the money' to understand rebel governance.

AI-generated from the title and abstract; the full text is not read.

Key points

  • Warfare necessitates significant financial resources for armed groups.
  • Funding methods for armed groups span traditional activities like banditry and smuggling.
  • Modern financial tools, including cryptocurrency, are also employed by armed groups.
  • Analyzing financial flows is crucial for understanding rebel governance and operations.

AI-generated from the title and abstract; the full text is not read.

Abstract

From banditry to taxation, and from smuggling to crypto, war remains an expensive business that has to be funded somehow. Therefore it makes sense to ‘follow the money’. In fact, one could make a v...

The authors' abstract, as published at the source. Civil Wars, 2026 · DOI ↗

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Field: Finance

FinanceEconomics, Econometrics and Finance