Limiting Cash Circulation as a Means to Combat Shadow Economy

The article deals with actual problems of modern state and development prospects of cash circulation in Russia and abroad; the comparative analysis of monetization of the economy of Russia and foreign countries; quantitative parameters of aggregate money turnover, including the value of cash and non...

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Autores principales:	G. S. Panova, E. N. Valetdinova
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2014
Materias:	cash money monetization of the economy the aggregate turnover indicators of cash turnover International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/b06cecf7ab06451288d82b1d1559748f
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id	oai:doaj.org-article:b06cecf7ab06451288d82b1d1559748f
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spelling	oai:doaj.org-article:b06cecf7ab06451288d82b1d1559748f2021-11-23T14:50:56ZLimiting Cash Circulation as a Means to Combat Shadow Economy2071-81602541-909910.24833/2071-8160-2014-1-34-146-152https://doaj.org/article/b06cecf7ab06451288d82b1d1559748f2014-02-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/21https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The article deals with actual problems of modern state and development prospects of cash circulation in Russia and abroad; the comparative analysis of monetization of the economy of Russia and foreign countries; quantitative parameters of aggregate money turnover, including the value of cash and non-cash spheres; the correlations of macroeconomic variables and indicators of cash circulation in Russia. Special attention is given by the authors to the limitations of cash payments and settlements in the fight against shadow economy. In particular, researched the level of shadow economy; the relationship between cash money circulation and shadow economy; the problems encountered by foreign states in imposing administrative limits on the amount of payments in cash; provides specific recommendations and outlines the required steps to introduce such restrictions in Russia. It is concluded that the limitation of the maximum size of payments in cash can lead to simultaneous reduce the underground economy because revenues derived from the hidden and informal economic activities can be translated in non-cash form. However, in the long run, when adopting legislative restrictions on the payment of funds by individuals on their own bank accounts or, for example, need to prove the lawful origin of money if you make them into a bank account to limit payments in cash will be the first step towards the goal of reducing shadow economy in Russia. In general, limiting the cash circulation - multi-factor task - that requires the solution of economic, political, social, administrative, psychological problems. The overall decrease in cash money (up to the optimum, economically justified level), it will lead to lower inflation rates, the level of corruption, will improve the investment climate and the liberalization of the credit market in our country.G. S. PanovaE. N. ValetdinovaMGIMO University Pressarticlecash moneymonetization of the economythe aggregate turnoverindicators of cash turnoverInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 1(34), Pp 146-152 (2014)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	cash money monetization of the economy the aggregate turnover indicators of cash turnover International relations JZ2-6530
spellingShingle	cash money monetization of the economy the aggregate turnover indicators of cash turnover International relations JZ2-6530 G. S. Panova E. N. Valetdinova Limiting Cash Circulation as a Means to Combat Shadow Economy
description	The article deals with actual problems of modern state and development prospects of cash circulation in Russia and abroad; the comparative analysis of monetization of the economy of Russia and foreign countries; quantitative parameters of aggregate money turnover, including the value of cash and non-cash spheres; the correlations of macroeconomic variables and indicators of cash circulation in Russia. Special attention is given by the authors to the limitations of cash payments and settlements in the fight against shadow economy. In particular, researched the level of shadow economy; the relationship between cash money circulation and shadow economy; the problems encountered by foreign states in imposing administrative limits on the amount of payments in cash; provides specific recommendations and outlines the required steps to introduce such restrictions in Russia. It is concluded that the limitation of the maximum size of payments in cash can lead to simultaneous reduce the underground economy because revenues derived from the hidden and informal economic activities can be translated in non-cash form. However, in the long run, when adopting legislative restrictions on the payment of funds by individuals on their own bank accounts or, for example, need to prove the lawful origin of money if you make them into a bank account to limit payments in cash will be the first step towards the goal of reducing shadow economy in Russia. In general, limiting the cash circulation - multi-factor task - that requires the solution of economic, political, social, administrative, psychological problems. The overall decrease in cash money (up to the optimum, economically justified level), it will lead to lower inflation rates, the level of corruption, will improve the investment climate and the liberalization of the credit market in our country.
format	article
author	G. S. Panova E. N. Valetdinova
author_facet	G. S. Panova E. N. Valetdinova
author_sort	G. S. Panova
title	Limiting Cash Circulation as a Means to Combat Shadow Economy
title_short	Limiting Cash Circulation as a Means to Combat Shadow Economy
title_full	Limiting Cash Circulation as a Means to Combat Shadow Economy
title_fullStr	Limiting Cash Circulation as a Means to Combat Shadow Economy
title_full_unstemmed	Limiting Cash Circulation as a Means to Combat Shadow Economy
title_sort	limiting cash circulation as a means to combat shadow economy
publisher	MGIMO University Press
publishDate	2014
url	https://doaj.org/article/b06cecf7ab06451288d82b1d1559748f
work_keys_str_mv	AT gspanova limitingcashcirculationasameanstocombatshadoweconomy AT envaletdinova limitingcashcirculationasameanstocombatshadoweconomy
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Limiting Cash Circulation as a Means to Combat Shadow Economy

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