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The fate of one-dollar coins in the U.S

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Author Info

  • Sébastien Lotz
  • Guillaume Rocheteau

Abstract

The 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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File URL: http://www.clevelandfed.org/Research/commentary/2004/1015.pdf
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Bibliographic Info

Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (2004)
Issue (Month): Oct ()
Pages:

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Handle: RePEc:fip:fedcec:y:2004:i:oct15

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Related research

Keywords: Dollar; American ; Coinage;

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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Why loonies circulate but Susan B. Anthony dollars don't
    by JP Koning in Moneyness on 2014-06-08 20:56:00
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Cited by:
  1. 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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