Legacy cash spending impact on econ hard to gauge

GERMANY - Trying to pin down the exact boost to the euro-zone economy from spending in undeclared legacy currency ahead of the 1 January introduction of euro notes and coins is proving to be as slippery as tracking such money in the first place.

Economists, it seems, have agreed to disagree on just how much the sluggish euro-zone economy stands to benefit from so called black, or mattress, money being spent by consumers who would rather not draw the attention of tax authorities by swapping the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: