Do we need all Euro denominations?
AbstractWe show that there are theoretical arguments, which indicate that leaving out the 1-euro cent and 2-euro cent leads to more efficient cash payment behavior. Next, we show that having no access to 100-euro notes and 10-euro notes is less harmful than having no 50-euro notes. Finally, we argue that the transition from the Dutch guilder to the euro should not have led to different payment behavior, at least in theory.
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Bibliographic InfoPaper provided by Erasmus University Rotterdam, Econometric Institute in its series Econometric Institute Report with number EI 2003-39.
Date of creation: 07 Nov 2003
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Web page: http://www.few.eur.nl/few
cash payment; euro transition;
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