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More on optimal denominations for coins and currency

Mark Wynne ()

No 9702, Working Papers from Federal Reserve Bank of Dallas

Abstract: Telser (1995) has shown that the problem of Bachet helps answer the question of the optimal denominational structure of currency in the U.S. and U.K. This note provides further evidence to support this claim using cross-country data.

Keywords: Currency denominations; problem of Bachet. (search for similar items in EconPapers)
JEL-codes: E42 (search for similar items in EconPapers)
Date: 1997
Note: Published as: Wynne, Mark A. (1997), "More on Optimal Denominations for Coins and Currency," Economic Letters 55 (2): 221-225.
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