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Recommended readings (Machine generated): Michael G. Allingham and Agnar Sandmo (1972), 'Income Tax Evasion: A Theoretical Analysis', Journal of Public Economics, 1 (3-4), 323-38 -- T.N. Srinivasan (1973), 'Tax Evasion: A Model', Journal of Public Economics, 2 (4), 339-46 -- Shlomo Yitzhaki...
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"We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans into diversified portfolios, and then finance these portfolios externally with riskless debt. In this model: i) outside investor wealth drives the demand for riskless debt and...
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