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Demand for Currency and the Black Economy in the UK

K.G.P. Matthews (Department of Economics, University of Liverpool)

Journal of Economic Studies

ISSN: 0144-3585

Article publication date: 1 February 1982


The size and growth of the so‐called “black economy” has provided a great deal of discussion in recent years. Typically the discussion has been confined to editorials and articles in leading newspapers, but of late politicians, civil servants and even academics, on both sides of the Atlantic have commented on the rise of the black economy. Despite this volume of comment, very few serious attempts have been made actually to measure the size of this unobserved sector for the UK.


Matthews, K.G.P. (1982), "Demand for Currency and the Black Economy in the UK", Journal of Economic Studies, Vol. 9 No. 2, pp. 3-22.




Copyright © 1982, MCB UP Limited