Given that data indicates several countries with same, or nearly same, degree of tax evasion but widely different levels of reserve requirements, this paper analyzes the relationship between the ``optimal" degree of tax evasion and mandatory cash reserve requirements required to be held by banks...

The paper explores one rationale behind the existence of financial repression, with the latter being represented through the obligatory "high" reserve requirement for the banks. Using an overlapping generation production-economy-monetary model characterized by the possibility of banking crisis,...

The paper explores one rationale behind the existence of financial repression, with the latter being represented through the obligatory ¡°high¡± reserve requirement for the banks. Using an overlapping generations production-economy-monetary model characterized by possibility of banking...

Conventional models of social status purport a positive infl ation-growth relationship, and attribute this empirical contradiction to the presence of a consumer's desire for social status. These models are dominated by a substitution effect of money holdings for capital holdings, as an increase...