Ahumada, Hildegart; Alvaredo, Facundo; Canavese, Alfredo J. - Law, Economics and Institutions, Boalt School of Law - 2006
A commonly used approach to measure the size of the shadow economy, known as "the monetary method", is based on econometric estimates of the demand for currency. These estimates are used to get the currency held by economic agents in excess of the amount they need to finance registered...
