More on optimal denominations for coins and currency
Telser (1995) has shown that the problem of Bachet helps answer the question of the optimal denominational structure of currency in the U.S. and U.K. This note provides further evidence to support this claim using cross-country data.
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References listed on IDEAS
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- Telser, L. G., 1995. "Optimal denominations for coins and currency," Economics Letters, Elsevier, vol. 49(4), pages 425-427, October.
- Cramer, J. S., 1983. "Currency by denomination," Economics Letters, Elsevier, vol. 12(3-4), pages 299-303.
- Boeschoten, W C & Fase, M M G, 1989. "The Way We Pay with Money," Journal of Business & Economic Statistics, American Statistical Association, vol. 7(3), pages 319-326, July.