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New decimal currencies' relationships with their predecessors

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  • Mushin, Jerry

Abstract

The choice of the conversion ratio between a newly established decimal currency and its predecessor depends on the perceived importance of ease of conversion, accuracy of conversion, durability, and sentimental attachment, and on the net benefit of dollarisation. Twentieth-century experience shows several types of outcome.

Suggested Citation

  • Mushin, Jerry, 2010. "New decimal currencies' relationships with their predecessors," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 316-318, April.
    • Handle: RePEc:eee:soceco:v:39:y:2010:i:2:p:316-318
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    References listed on IDEAS

    as
    1. Mushin, Jerry, 1997. "Twentieth-Century Currency Reforms: A Comment," Kyklos, Wiley Blackwell, vol. 50(2), pages 247-249.
    2. Ignacio Mas, 1995. "Things Governments Do to Money: A Recent History of Currency Reform Schemes and Scams," Kyklos, Wiley Blackwell, vol. 48(4), pages 483-512, November.
    3. Kurt Schuler, 2005. "Some Theory and History of Dollarization," Cato Journal, Cato Journal, Cato Institute, vol. 25(1), pages 115-125, Winter.
    4. Tschoegl, Adrian E., 2010. "The international diffusion of an innovation: The spread of decimal currency," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(1), pages 100-109, January.
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    Keywords

    Decimal currencies Conversion ratio;

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