The euro cash changeover: A note on the effects of bounded rationality and rules of thumb

Thomas Mathä

BCL Bulletin Analyses, 2001, vol. 2001-3, 48-57

Abstract: This note examines the rules of thumb that individuals could use when converting the new to old national prices. The findings, based on a small survey conducted at the Banque Banque centrale du Luxembourg in May 2001, suggest that systematic conversion errors may be made. These errors could have real economic real economic effects, at least in the short term.

Keywords: Euro cash changeover; rules of thumb; conversion error (search for similar items in EconPapers)
JEL-codes: D91 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:bcl:bclban:bclanalyse20013a1

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