This paper examines the ‘currency enigma” which arises because despite financial innovation that has created important new substitutes for cash usage, U.S. per capita currency holdings now amount to $2700. American households and businesses admit to holding only 15 percent of the stock of...

This article’s goal is to highlight the main microeconomic and macroeconomic effects of the 2010 VAT hike in Romania and the Romanian firms’ response to it. At 1st July 2010, the Romanian Government raised the Value Added Tax from 19% to 24%, causing chain increases that delayed with nine...

The effect of federal government revenue reform of 2013 in the real income of Mexican workers is quantified. Regard is taken of the wage clause of the collective contract of the Union of Workers of UNAM, in view of the leadership of such an institution in the decisions making of other...