Shadow economy and financial sector development in Malaysia
This paper explores the link between the shadow economy and financial sector development in Malaysia for the period 1971-2013. We calculate the size of the shadow economy by using the modified-cash-deposits-ratio (MCDR) approach recently developed by Pickhardt and Sardia (2011). We investigate the c...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2016
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| Online Access: | http://psasir.upm.edu.my/id/eprint/53808/1/Shadow%20economy%20and%20financial%20sector%20development%20in%20Malaysia.pdf |