Optimal Denominations for Coins and Bank Notes : In Defense of the Principle of Least Effort

A number of recent articles argue that the 'problem of Bachet' - the problem of finding the most efficient set of weights - can shed light on the problem of finding the optimal denominational structure of a series of coins and bank notes. This note argues that the two problems differ in nature, and that the principle of least effort is the more relevant criterion

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Year of publication:	2002
Authors:	Van Hove, Leo
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Münzen \| Coins \| Bargeld \| Cash \| Multikriterielle Entscheidungsanalyse \| Multi-criteria analysis
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Money, Credit, and Banking, Vol. 33, No. 4, November 2001 Volltext nicht verfügbar
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014123074