New estimates of U.S. currency abroad, the domestic money supply and the unreported economy

Despite financial innovations that have created important new substitutes for cash usage, per capita holdings of U.S. currency amount to $2950. Yet American households and businesses admit to holding only 15% of the currency stock, leaving the whereabouts of 85% unknown. Some fraction of this unacco...

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Bibliographic Details
Main Author: Feige, Edgar L. (Author)
Format: Electronic Article
Language:English
Published: 2012
In: Crime, law and social change
Year: 2012, Volume: 57, Issue: 3, Pages: 239-263
Online Access: Presumably Free Access
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Keywords:
Cash Holding
Domestic Currency
Federal Reserve
Monetary Aggregate
Money Supply