What Europe Needs is an 80 Cents Coin
6 Pages Posted: 23 Aug 2007
Date Written: August 21, 2007
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: Suggested Citation