Pickhardt, Michael; Sardà Pons, Jordi - 2010
, German policy and law makers have been misguided during the last three decades. Therefore, we introduce the Modified-Cash …-Deposit-Ratio (MCDR) approach, which is not subject to the recent critique and apply it to Germany for the period 1960 to 2008 …. -- underground economy ; shadow economy ; cash-depositratio ; currency demand approach ; MIMIC approach …