A new framework for the elaboration of bill printing and coining programs

This paper presents alternative models for forecasting the demand for bills and coins of different denominations. When compared to the models often used, the root mean squared forecasting error is reduced by as much as a factor of 15. The paper also develops a new framework to formulate the printing and minting programs by using density forecasts along with information on technological constraints and preferences of the policy maker.

MoreLess

Year of publication:	2007-12
Authors:	Chumacero, Rómulo ; Pardo, Claudio ; Valdés, David
Institutions:	Banco Central de Chile

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Working Papers Central Bank of Chile.
Type of publication:	Book / Working Paper
Language:	Spanish
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005245842