The transition from national currencies to the Euro

Charles Goodhart and Evi Pappa

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We initiated a survey to examine whether the transition from national currencies to the Euro involved significant increases in transaction times. Based on our sample of 42 observations, we found that the pure transaction time for making change did actually increase, while queuing time increased only in small shops. This increase in transaction time represented a more significant welfare loss than most estimated studies of shoe-leather cost have previously found.

Keywords: Transaction time; transition to the euro; welfare costs. JEL classification codes : E52 (search for similar items in EconPapers)
JEL-codes: E52 (search for similar items in EconPapers)
Date: 2003-04
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Published in Economics Letters, April, 2003, 79(1), pp. 83-88. ISSN: 0165-1765

Downloads: (external link)
http://eprints.lse.ac.uk/511/ Open access version. (application/pdf)

Related works:
Journal Article: The transition from national currencies to the euro (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:511

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().