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Federal Reserve Bank of Dallas
Working Papers
More on optimal denominations for coins and currency
Mark A. Wynne
Abstract

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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Mark A. Wynne, More on optimal denominations for coins and currency, Federal Reserve Bank of Dallas, Working Papers 9702, 1997.
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Note: Published as: Wynne, Mark A. (1997), "More on Optimal Denominations for Coins and Currency," Economic Letters 55 (2): 221-225.
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Keywords: Currency denominations; problem of Bachet.
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