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Payment Innovations, the Shadow Economy and Cash Demand of Households in Euro Area Countries

Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2021

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and … opportunity costs, we concentrate on cashless payments media as substitutes to cash payments and the role of the shadow economy …

Persistent link: https://www.econbiz.de/10013315295

Shedding Light on the Shadow Economy : A Global Database and the Interaction with the Official One

Medina, Leandro - 2019

Using the multiple indicator-multiple cause (MIMIC) approach, this paper generates a novel global database by estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by far the lowest with values below 20% of off official GDP...

Persistent link: https://www.econbiz.de/10012857902

Wage Determination in the Shadow of the Law : The Case of Works Councilors in Germany

Goerke, Laszlo; Pannenberg, Markus - 2021

The German law on co-determination at the plant level (Betriebsverfassungsgesetz) stipulates that works councilors are neither to be financially rewarded nor penalized for their activities. This regulation contrasts with publicized instances of excessive payments. The divergence has sparked a...

Persistent link: https://www.econbiz.de/10013243109

P-best response set

Tercieux, Olivier - In: Journal of economic theory 131 (2006) 1, pp. 45-70

Persistent link: https://www.econbiz.de/10003391621

Unobserved heterogeneity and equilibrium : an experimental study of Bayesian and adaptive learning in normal form games

Shachat, Jason M.; Walker, Mark - In: Journal of economic theory 114 (2004) 2, pp. 280-309

Persistent link: https://www.econbiz.de/10001931475

Stability of competitive equilibrium with respect to recursive and learning processes

Balasko, Yves - In: Journal of economic theory 68 (1996) 2, pp. 319-348

Persistent link: https://www.econbiz.de/10001197291

A model of banknote discounts

Ales, Laurence; Carapella, Francesca; Maziero, Pricila; … - In: Journal of economic theory 142 (2008) 1, pp. 5-27

Persistent link: https://www.econbiz.de/10003766356

The Pandemic, Cash and Retail Payment Behaviour : Insights from the Future of Payments Database

Auer, Raphael; Cornelli, Giulio; Frost, Jon - 2023

? What do they imply for the future of cash and digital payments? We assemble a new “Future of Payments” database on retail … countries. We find that card-not-present payments, payment app downloads and the volume of cash in circulation all rose in weeks …

Persistent link: https://www.econbiz.de/10014261473

The Impact of Declining Oil Rents on Tax Revenues : Does the Shadow Economy Matter?

Ishak, Phoebe W. - 2020

We study the association between oil rents and tax revenues, highlighting the importance of the shadow economy as a mediating factor. We present a simple theoretical model demonstrating that decreasing oil rents are likely to be positively associated with the tax revenues in a country with a...

Persistent link: https://www.econbiz.de/10012840215

International Disease Epidemics and the Shadow Economy

Berdiev, Aziz - 2020

Adding to the emerging body of research related to the current coronavirus crisis, this paper studies the impact of disease epidemics on the worldwide prevalence of the shadow or the underground economy. The informal sector undermines compliance with government regulations and lowers tax...

Persistent link: https://www.econbiz.de/10012828116

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