The fate of one-dollar coins in the U.S
AbstractThe United States has introduced two one-dollar coins in the past 25 years, both of which have not circulated widely. Many other countries have replaced lower-denomination notes with coins and have achieved wide circulation and cost savings. Lessons from those countries suggest that achieving widespread use of a dollar coin is much harder if the note is allowed to remain in circulation.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.
Volume (Year): (2004)
Issue (Month): Oct ()
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Why loonies circulate but Susan B. Anthony dollars don't
by JP Koning in Moneyness on 2014-06-08 20:56:00
- Bouhdaoui, Y. & Bounie, D., 2012. "Efficient payments: How much do they cost for the Central Bank?," Economic Modelling, Elsevier, vol. 29(5), pages 1579-1584.
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