Do we need all Euro denominations?
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.
|cash payment, euro transition|
|Econometric Institute Research Papers|
|Organisation||Erasmus School of Economics|
Kippers, J, & Franses, Ph.H.B.F. (2003). Do we need all Euro denominations? (No. EI 2003-39). Econometric Institute Research Papers. Retrieved from http://hdl.handle.net/1765/1048