The purpose of this paper is to present an extended version of the Mundell-Fleming model which allows a macroeconomic analysis of the effects stemming from illegal economy with money laundering on the short-term equilibrium for a small open economy. Without disregarding the FATF´s money...

The main goal of our paper is to determine the existence of a link between government (military) expenditures and the shadow economy in the Baltic States. The empirical investigation is done over the years 2003-2014 for Estonia, Latvia and Lithuania. We showed that there is a highly...

The election of Bassirou Diomaye Faye as President of Senegal on March 24, 2024, after a turbulent electoral process, reflects the resilience of Senegal's democratic institutions. It provides an opportunity to strengthen transparent governance and combat inequality. It was the first time since...

The election of Bassirou Diomaye Faye as President of Senegal on March 24, 2024, after a turbulent electoral process, reflects the resilience of Senegal's democratic institutions. It provides an opportunity to strengthen transparent governance and combat inequality. It was the first time since...

Sub-Saharan Africa (SSA) accounts for a third of the countries on the Financial Action Task Force (FATF) grey list. In the Money Laundering and Terrorist Financing (ML/TF) Ranking and Risk Assessment Tool, the region performed poorly in terms of resilience to ML/TF, with more than 60% of...

Sub-Saharan Africa (SSA) accounts for a third of the countries on the Financial Action Task Force (FATF) grey list. In the Money Laundering and Terrorist Financing (ML/TF) Ranking and Risk Assessment Tool, the region performed poorly in terms of resilience to ML/TF, with more than 60% of...

This article reviews simplified taxation for small taxpayers in Latin America and then presents and discusses the simplified single tax regime with access to social protection for Argentina. In recent years, the interest of tax policy in small taxpayers has increased: companies or individuals,...

This paper develops a demographic model of the currency population by examining the birth and death rates of specific denominations of currency. This framework permits empirical estimation of the average lifetime of notes in circulation and hence the currency velocity (turnovers per year) of...

Using some special models, this study tries to quantify the size of underground economy in Romania. The exposition plan includes: 1) Models based on direct approaches; 2) Models based on indirect approaches; 3) A generalised model for the allocation of time; 4) A model based on May’s logistic;...

The study is focused on estimating the informal economy in Romania based on survey in households. Moreover, some specific dynamic models to simulate complicated types of household’s behaviour (regimes) relating to participation in informal economy are presented.