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...

Despite its significance in monetary history, the Maria Theresa thaler (or taler) is little known outside numismatic circles. The paper describes this coin’s history, which the paper argues is the reverse to the obverse of the rise of national monies. The coin circulated in Africa, the Levant...

This paper argues that decimalization of currency diffused as a consequence of all three forms of isomorphism: normative, coercive, and mimetic. Furthermore, it is ambiguous as to whether the normative isomorphism was well founded. The patterns of denominations show variety by country as a...

The opening to foreign banks in Denmark, Finland, Norway and Sweden provides us with an opportunity to study entry, survival and success in a situation where the entrants were subject to the liability of foreignness but not the liability of newness. We find that despite low survival rates, on...