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

Author/Editor:

Ebrima A Faal

Publication Date:

January 1, 2003

Electronic Access:

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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.

Series:

Working Paper No. 2003/007

Subject:

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

English

Publication Date:

January 1, 2003

ISBN/ISSN:

9781451842432/1018-5941

Stock No:

WPIEA0072003

Pages:

30

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