Increasing card usage will not curb the shadow economy
Guillaume Lepecq
October 22, 2019
The argument that cash fuels the shadow economy is commonplace. It has been used by Kenneth Rogoff, Larry Summers and Peter Sands and many others. On the other hand, for Yves Mersch, Member of the Board of the European Central Bank "No particular link can be established statistically between cash and criminal activities. The focus must be on the fight against crime. Cash must not be made the scapegoat."
Read more...