The Optimal Denomination of Currency : A Conjecture

Telser (1995) and Sumner (1993) argue that the optimal system of denominations of currency would consist of a sequence of denominations that differed from each other by a factor of three. The fact is that today no currency follows the powers-of-three principle. I argue that existing currency systems are the result of an evolution over time that is subject to historical influences and social factors, especially the counting systems that societies use

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Year of publication:	1997
Authors:	Tschoegl, Adrian E.
Publisher:	[S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Money, Credit And Banking, Vol. 29, No. 4, Part 1 (November 1997) Volltext nicht verfügbar
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014085825