EconStor >
Westfälische Wilhelms-Universität Münster (WWU) >
Centrum für angewandte Wirtschaftsforschung Münster (CAWM), Universität Münster  >
CAWM Discussion Papers, Universität Münster  >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/57172
  
Title:Cash, hoarding and the underground economy PDF Logo
Authors:Pickhardt, Michael
Sardà, Jordi
Issue Date:2011
Series/Report no.:CAWM discussion paper / Centrum für Angewandte Wirtschaftsforschung Münster 56
Abstract:We further refine the Modified-Cash-Deposits-Ratio (MCDR) approach, developed by Pickhardt and Sardà (2011, 2012) with a view to analyze size and causes of the cash using section of the underground economy. Among other things, we address the issue of cash hoarding. Findings include that the size of hoarded currency in Germany, about 40 to 110 billion Euro in 2009 according to recent estimates, may have reduced the size of the cash using underground economy in Germany, ceteris paribus, from about 8.5 to 2 percent in 2009, according to the MCDR approach.
Subjects:underground economy
shadow economy
hoarding
cash demand
JEL:O17
H26
Document Type:Working Paper
Appears in Collections:CAWM Discussion Papers, Universität Münster

Files in This Item:
File Description SizeFormat
689527926.pdf166.5 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/57172

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.