What Europe Needs is an 80 Cents Coin

6 Pages Posted: 23 Aug 2007

See all articles by David Bounie

David Bounie

Télécom Paris

Nicolas Houy

University of Cergy-Pontoise - THEMA

Date Written: August 21, 2007

Abstract

In this paper, we study and test the monetary denominational systems satisfying a given constraint of cognitive complexity. We show that introducing an 80 cents coin in the European denominational system would decrease the average number of coins needed in the economy by about 16%.

Keywords: Currency, Denominational Systems

JEL Classification: E4, E47

Suggested Citation

Bounie, David and Houy, Nicolas, What Europe Needs is an 80 Cents Coin (August 21, 2007). Available at SSRN: https://ssrn.com/abstract=1004057 or http://dx.doi.org/10.2139/ssrn.1004057

David Bounie (Contact Author)

Télécom Paris ( email )

19 Place Marguerite Perey
Palaiseau, 91120
France

Nicolas Houy

University of Cergy-Pontoise - THEMA ( email )

33 boulevard du port
F-95011 Cergy-Pontoise Cedex, 95011
France

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
85
Abstract Views
922
rank
320,085
PlumX Metrics