TITLE

The demand for currency and the underground economy

AUTHOR(S)
Lafleche, Therese
PUB. DATE
September 1994
SOURCE
Bank of Canada Review;Autumn94, p39
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the monetary approach in Canada and illustrates some of the problems with these methods and with the interpretation of their results. Definitions of the underground economy and methods for estimating its size; Development of the monetary approach; Currency-demand equation and the link between forecasting errors and the underground economy; Estimation of the velocity of currency in the underground economy. INSET: The velocity of money in the economy..
ACCESSION #
9709031281

 

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