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Formation Of A Monetary Number By Issue Institute

Author

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  • A. A. Kudra
  • Yu. Yu. Kostjuhin

Abstract

In this work there are pointed problems which issuing authorities have while constructing the coin system, the links between these problems, also there are depicted different approaches for optimizing coin systems, found in the scientific literature (D-metric approach, the principle of «the least effort», the principle of «rational payments», Bouny and Houy approach for determining an optimal denomination structure). Also, authors offer their own approach for estimation of expenses of the issuing authority, related to the maintenance the coins in circulation depending on the technology of the coins.

Suggested Citation

  • A. A. Kudra & Yu. Yu. Kostjuhin, 2015. "Formation Of A Monetary Number By Issue Institute," Russian Journal of Industrial Economics, MISIS, issue 2.
    • Handle: RePEc:ach:journl:y:2015:id:436
    DOI: 10.17073/2072-1633-2010-2-44-49
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