Everything about Informal Economy. Reducing Corruption by Developing Cashless Payments
Everything about Informal Economy. Reducing Corruption by Developing Cashless Payments
Author(s): Eugen Ghiletchi
Subject(s): Economic policy, Financial Markets, Fiscal Politics / Budgeting, Corruption - Transparency - Anti-Corruption
Published by: EXPERT-GRUP Centrul Analitic Independent
Keywords: Informal Economy; corruption; cash;
Summary/Abstract: Cash is the instrument due to which corruption exists. Cash anonymity, impossibility to identify its source, and non-traceability of cash transactions are the reasons why beneficiaries of corruption depend directly on the presence and circulation of cash. If there were no cash available, it would be much more difficult to get involved in corruption transactions, because of the possibility to reconstruct every transaction, including its beneficiaries, revealing thus their interests. Decreasing the high share of cash in financial flows can help eradicate corruption at least partially.
Series: COMENTARII ECONOMICE PUBLICAŢII
- Page Count: 5
- Publication Year: 2019
- Language: English
- Content File-PDF
