Ahumada, Hildegart; Alvaredo, Facundo; Canavese, Alfredo - In: Review of Income and Wealth 53 (2007) 2, pp. 363-371
A widely applied approach to measure the size of the shadow economy, known as the "monetary method" or the "currency approach," is based on econometric estimates of the demand for money. These estimates are used to get the currency held by economic agents in excess of the amount they need to...
