Franses, Philip Hans; Welz, Max - In: Journal of risk and financial management : JRFM 12 (2019) 1/13, pp. 1-6
Two banknotes and two coins of the New Taiwan Dollar are infrequently (if at all) used in Taiwan when people make cash payments. This note examines the effect of this behavior on the efficiency of cash payments. The results are compared with the Euro, where the two highest and two lowest tokens...