The Way We Pay with Money.
We assess the sample distribution of payments in the Netherlands using survey data for 1984-86. The payment pattern fits a lognormal distribution with peaks caused by the price tags of the purchased items. The results are used to simulate the use of coins and notes, which indicates a rather efficient denominational mix but a high degree of hoarding for the large bank notes.
Year of publication: |
1989
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Authors: | Boeschoten, W C ; Fase, M M G |
Published in: |
Journal of Business & Economic Statistics. - American Statistical Association. - Vol. 7.1989, 3, p. 319-26
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Publisher: |
American Statistical Association |
Saved in:
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