Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/209787 
Year of Publication: 
2000
Series/Report no.: 
Arbeidsnotat No. 2000/14
Publisher: 
Norges Bank, Oslo
Abstract: 
A general econometric model is developed and used to estimate the share of cash in consumer point-of-sale transactions in Norway over 1980-99. The share of cash fell from 90% during the 1980s to 50% in 1999, primarily due to debit card growth. Additional data from banks, stores, and elsewhere give an estimate of the total use of cash in legal activities. The stock of cash that is unaccounted for is an estimate of cash used in illegal activities. This totals 10% of GDP and has risen by 63% over 5 years. Projections of future cash use are also made.
Subjects: 
cash
money
tax evasion
JEL: 
E41
H26
Persistent Identifier of the first edition: 
ISBN: 
82-7553-171-3
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper
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