Is Cash Used Only in the Shadow Economy?
This paper analyzes the use of cash in the Euro area. It attempts to give at least a partial answer to the question of whether cash is predominantly used in the shadow economy and whether, consequently, the behavior of cash balances is useful in monitoring changes in the shadow economy. The paper sh...
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| Veröffentlicht in: | International economic journal 2010, 24(4), , pp.525-540 |
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| container_title | International economic journal |
| container_volume | 24 |
| creator | Takala, Kari Viren, Matti |
| description | This paper analyzes the use of cash in the Euro area. It attempts to give at least a partial answer to the question of whether cash is predominantly used in the shadow economy and whether, consequently, the behavior of cash balances is useful in monitoring changes in the shadow economy. The paper shows that - contrary to what is often assumed - recent developments in cash demand (including changes in denomination structure) can be fairly well explained by certain economic and institutional factors. Changes in cash demand do not seem to correspond to changes in existing measures of the shadow economy, nor do cross-country comparisons reveal close correspondence. |
| doi_str_mv | 10.1080/10168737.2010.525992 |
| format | Article |
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Changes in cash demand do not seem to correspond to changes in existing measures of the shadow economy, nor do cross-country comparisons reveal close correspondence.</description><subject>cash demand</subject><subject>Demand for money</subject><subject>Economic and Monetary Union</subject><subject>Euro</subject><subject>Europe</subject><subject>Hoarding</subject><subject>Informal sector</subject><subject>Interest rates</subject><subject>Money</subject><subject>Preferences</subject><subject>Shadow economy</subject><subject>경제학</subject><issn>1016-8737</issn><issn>1743-517X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><recordid>eNp9kEtL7EAQhYMo-PwHLrLTTbz9Sjq9EhnUOyIIPsBd0elUO9EkPXZnlPx7O8br8i7qQXHOR3GS5JiSM0pK8ocSWpSSyzNG4ilnuVJsK9mjUvAsp_J5O-5Rkk2a3WQ_hFdCmJRK7SWny5AudFilTwHr9K5vx7Tp02GF6cNK1-4zvTSud914fpjsWN0GPPqZB8nT1eXj4m92e3e9XFzcZkZQOWSqwBILy6zUSkhZVcg4rYzCWhrCjTKyZrZips4rUYtcWKQSVSEYVnkppOYHyenM7b2FN9OA0833fHHw5uHi_nEJMle8JFF6MkvX3r1vMAzQNcFg2-oe3SZA5BFVECKiUsxK410IHi2sfdNpPwIlMEUI_yKEKUKYI4y2m9nmcY3m1zNo2_QDmlf4AK6ZiG2clsnJ47dcT6d1rMiBXBBYDV2Enc-wprfOd_rT-baOrLF13nrdmyYA_-87XyBDjos</recordid><startdate>201012</startdate><enddate>201012</enddate><creator>Takala, Kari</creator><creator>Viren, Matti</creator><general>Routledge</general><general>Korean International Economic Association</general><general>한국국제경제학회</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>ACYCR</scope></search><sort><creationdate>201012</creationdate><title>Is Cash Used Only in the Shadow Economy?</title><author>Takala, Kari ; Viren, Matti</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c417t-96e8e6f2f7a9477bbe231bc9ed7c03c9c7d2fb2cd5b4d454fe17e9642eb5847a3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>cash demand</topic><topic>Demand for money</topic><topic>Economic and Monetary Union</topic><topic>Euro</topic><topic>Europe</topic><topic>Hoarding</topic><topic>Informal sector</topic><topic>Interest rates</topic><topic>Money</topic><topic>Preferences</topic><topic>Shadow economy</topic><topic>경제학</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Takala, Kari</creatorcontrib><creatorcontrib>Viren, Matti</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>Korean Citation Index</collection><jtitle>International economic journal</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Takala, Kari</au><au>Viren, Matti</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Is Cash Used Only in the Shadow Economy?</atitle><jtitle>International economic journal</jtitle><date>2010-12</date><risdate>2010</risdate><volume>24</volume><issue>4</issue><spage>525</spage><epage>540</epage><pages>525-540</pages><issn>1016-8737</issn><eissn>1743-517X</eissn><abstract>This paper analyzes the use of cash in the Euro area. 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| identifier | ISSN: 1016-8737 |
| ispartof | International Economic Journal, 2010, 24(4), , pp.525-540 |
| issn | 1016-8737 1743-517X |
| language | eng |
| recordid | cdi_crossref_primary_10_1080_10168737_2010_525992 |
| source | RePEc; EBSCOhost Business Source Complete |
| subjects | cash demand Demand for money Economic and Monetary Union Euro Europe Hoarding Informal sector Interest rates Money Preferences Shadow economy 경제학 |
| title | Is Cash Used Only in the Shadow Economy? |
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