Currency Demand, the Underground Economy, and, Tax Evasion

Currency Demand, the Underground Economy, and, Tax Evasion—The Case of Guyana

January 1, 2003

Preview Citation

Format: Chicago

Ebrima A Faal. Currency Demand, the Underground Economy, and, Tax Evasion—The Case of Guyana, (USA: International Monetary Fund, 2003) accessed September 19, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The persistence in Guyana of a substantial underground economy is an important consequence of economic and social policy over 1964-2000. The paper attempts to estimate the magnitude of, and changes to the underground economy in Guyana, as well as its adverse effect on tax collection, during this period.

Subject: Average effective tax rate, Currencies, Economic sectors, Informal economy, Money, National accounts, Personal income, Revenue administration, Tax evasion, Tax policy

Keywords: Average effective tax rate, Currencies, Currency demand, Currency holding, Currency substitute, Demand model, Economy, Estimation result, Guyana, Informal economy, Overvalued currency, Personal income, Tax evasion, Underground economy, WP

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2003/007
Stock No:

WPIEA0072003
ISBN:

9781451842432
ISSN:

1018-5941

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