Economics, Econometrics and Finance
4 years ago

25-45% of US currency held abroad, impacting size of unreported economy.

2 views
MPRA Paper
Revised estimates of the Underground Economy: Implications of US Currency held abroad
Edgar L. Feige

Paper Summary

The study found that between 25% - 45% of US currency is held abroad, which is lower than previously thought. By using these new estimates, researchers were able to calculate the size and growth of the unreported economy in the US from 1973 to 1994.

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