Franses, Philip Hans; Welz, Max - In: Journal of risk and financial management : JRFM 12 (2019) 1/13, pp. 1-6
Two banknotes and two coins of the New Taiwan Dollar are infrequently (if at all) used in Taiwan when people make cash … payments. This note examines the effect of this behavior on the efficiency of cash payments. The results are compared with the … Euro, where the two highest and two lowest tokens are also rarely used. We find for Taiwan that inefficiency increases with …