Template-Type: ReDIF-Paper 1.0
Author-Name: Kippers, J.
Author-Name-Last: Kippers
Author-Name-First: Jeanine
Author-Name: Franses, Ph.H.B.F.
Author-Name-Last: Franses
Author-Name-First: Philip Hans
Author-Person: pfr226
Title: Do we need all Euro denominations?
Abstract: We show that there are theoretical arguments, which indicate that leaving out the 1-euro cent and 2-euro cent leads to more efficient cash payment behavior. Next, we show that having no access to 100-euro notes and 10-euro notes is less harmful than having no 50-euro notes. Finally, we argue that the transition from the Dutch guilder to the euro should not have led to different payment behavior, at least in theory.
Creation-Date: 2003-11-07
File-URL: https://repub.eur.nl/pub/1048/ei200339.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI 2003-39
Keywords: cash payment, euro transition
Handle: RePEc:ems:eureir:1048