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By analyzing the case of Athens during the Classical period (508-323 BCE) the main thesis of this paper is that under direct democracy procedures and the related institutional setup, a monetary system without a Central Bank may function relatively well. We focus on the following issues: (i) Τhe...
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size of shadow economy (SE) in Greece is estimated using a flexible MIMIC approach with time series data from 2000 to 2018 …). We found that the average size of shadow economy in Greece was up to 37.63% for the reference period, above the average …, resulting in an improved estimation method to identify and tackle shadow transactions and increase public revenues. …
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