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  • Search: subject:"Coinage in the fifteenth century"
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Coinage in the fifteenth century 1 Divisibility of currency 1 Matching model 1
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Lee, Manjong 1 Wallace, Neil 1
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Review of Economic Dynamics 1
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Optimal divisibility when money is costly to produce
Lee, Manjong; Wallace, Neil - In: Review of Economic Dynamics 9 (2006) 3, pp. 541-556
There is wide agreement that currency was not available in conveniently small denominations prior to the 19th century. Here, estimates of the costs of providing and maintaining money (coins) in 15th century Europe and parameterized versions of a matching model of money are used to find the...
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