Federal Reserve Bank of Dallas
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.
Cite this item
Mark A. Wynne, More on optimal denominations for coins and currency, Federal Reserve Bank of Dallas, Working Papers 9702, 1997.
Note: Published as: Wynne, Mark A. (1997), "More on Optimal Denominations for Coins and Currency," Economic Letters 55 (2): 221-225.
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
Keywords: Currency denominations; problem of Bachet.
This item with handle RePEc:fip:feddwp:97-02
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