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The Role Of Capital Controls In The Period Of The Economic Crisis: How Was The Greek Trading Culture Been Formed?

Author

Listed:
  • Panagiotis Liargovas

    (Department of Economics, University of Peloponnese, Greece)

  • Athanasios Anastasiou

    (Department of Economics, University of Peloponnese, Greece)

  • Dimitrios Komninos

    (Department of Economics, University of Peloponnese, Greece)

  • Zacharias Dermatis

    (Department of Economics, University of Peloponnese, Greece)

Abstract

The implementation of the measure to restrict free movement of capital and cash for the first time in our country on 28th June 2015 is an interesting subject for research and further analysis. Also, with the introduction of plastic money in daily transactions, a new landscape is formed in the Greek trading culture. In particular, the use of e-banking in citizens’ transactions as well as the use of POS (Point Of Sale) devices has increased considerably. Payments by electronic transactions have become part of everyday consumers . This created a favorable environment for the transition from cash transactions to electronic card transactions, thus helping to reduce tax evasion and increase public revenues.

Suggested Citation

  • Panagiotis Liargovas & Athanasios Anastasiou & Dimitrios Komninos & Zacharias Dermatis, 2019. "The Role Of Capital Controls In The Period Of The Economic Crisis: How Was The Greek Trading Culture Been Formed?," Noble International Journal of Economics and Financial Research, Noble Academic Publsiher, vol. 4(8), pages 76-82, August.
  • Handle: RePEc:nap:nijefr:2019:p:76-82
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