Does Banknote Quality Affect Counterfeit Detection? Experimental Evidence from Germany and the Netherlands

59 Pages Posted: 17 Feb 2016

See all articles by Frank van der Horst

Frank van der Horst

De Nederlandsche Bank

Martina Eschelbach

Deutsche Bundesbank

Susann Sieber

Deutsche Bundesbank

Jelle Miedema

De Nederlandsche Bank

Multiple version iconThere are 2 versions of this paper

Date Written: February 1, 2016

Abstract

Counterfeit prevention is a major task for central banks, as it helps to maintain public confidence in the currency. It is often maintained that a high quality of the banknotes in circulation helps the public detect counterfeits. However, there has not been any scientific evidence in support of this assertion so far. The present study is a first attempt to fill this research gap.

Keywords: banknotes, counterfeits, banknote quality, signal detection theory

JEL Classification: E40, E41, E50, E58

Suggested Citation

van der Horst, Frank and Eschelbach, Martina and Sieber, Susann and Miedema, Jelle, Does Banknote Quality Affect Counterfeit Detection? Experimental Evidence from Germany and the Netherlands (February 1, 2016). De Nederlandsche Bank Working Paper No. 499. Available at SSRN: https://ssrn.com/abstract=2733531 or http://dx.doi.org/10.2139/ssrn.2733531

Frank Van der Horst (Contact Author)

De Nederlandsche Bank ( email )

PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

Martina Eschelbach

Deutsche Bundesbank ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

Susann Sieber

Deutsche Bundesbank ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

Jelle Miedema

De Nederlandsche Bank ( email )

PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

Register to save articles to
your library

Register

Paper statistics

Downloads
61
Abstract Views
415
rank
316,843
PlumX Metrics