01488cas a2200241 a 4500 AALejournalIMF001177 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451803150 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Belgium : Selected Issues. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (14 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Measuring the size of the underground economy is obviously a difficult task. This paper reviews the literature, as applied to Belgium and elsewhere, on the determinants of the gray economy. The methods that have been used to measure the size of the gray economy are also discussed. The estimates for Belgium are updated using the currency demand approach. The major theory of the gray economy focuses on taxes, which drive a wedge between net incomes and gross labor costs. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2000/049 Full text available on IMF http://elibrary.imf.org/view/journals/002/2000/049/002.2000.issue-049-en.xml IMF e-Library