|
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  |
| 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:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
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.
|