FORMATION OF A MONETARY NUMBER BY ISSUE INSTITUTE
https://doi.org/10.17073/2072-1633-2010-2-44-49
Abstract
In this work there are pointed problems which issuing authorities have while constructing the coin system, the links between these problems, also there are depicted different approaches for optimizing coin systems, found in the scientific literature (D-metric approach, the principle of «the least effort», the principle of «rational payments», Bouny and Houy approach for determining an optimal denomination structure). Also, authors offer their own approach for estimation of expenses of the issuing authority, related to the maintenance the coins in circulation depending on the technology of the coins.
About the Authors
A. A. KudraRussian Federation
Yu. Yu. Kostjuhin
Russian Federation
References
1. Болотский Б.С. и др. Фальшивые деньги (фальшивомонетничество) / Под ред. В.Д. Ларичева. – М.:
2. Экзамен, 2002. – 384 с.
3. Barry J. Currency trends and developments // Reserve Bank Bulletin 57, 1994, рр. 350–355.
4. Franses P.H., Kippers J. Do we need all eurodenominations? // Econometric institute report, 2003– 39, November 2003.
5. Payne L.C., Morgan H.M. UK currency needs in the 1980s // The Banker, 1981, pp. 45–53.
6. Mushin J. Modeling the currency issue // Atlantic Economic Journal 26, 1998, pp. 252–258.
7. Hentsch J.C. Distribution de la monnaie fiduciare entre les coupures, les parametres et l’indice des prix, la distribution normalisee // Journal de la Societe de statistique de Paris 126, 1985, pp. 139–144.
8. Telser L.G. Optimal denominations for coins and currency // Economic Letters 49, 1995, pp. 425–427.
9. Van Hove L., Heyndels B. On the optimal spacing of currency denominations // European Journal of Operational Research 90, 1996, pp. 547–552.
10. Van Hove L. Optimal denominations for coins and banknotes: In defense of the principle of least effort // Journal of Money, Credit, and Banking 33, 2001, pp. 1015–1021.
11. Bounie D., Houy N. What Europe needs is an 80 cents coin [Электронный ресурс]: http://ssrn.com/ abstract = 1004057, 2007.
12. Ковалев В.В. Практикум по анализу и финансовому менеджменту. – М.: Финансы и статистика, 2006.
13. Юров А.В. Социологическое исследование как инструмент управления наличным денежным обращением // Деньги и кредит. 2008. № 10.
Review
For citations:
Kudra A.A., Kostjuhin Yu.Yu. FORMATION OF A MONETARY NUMBER BY ISSUE INSTITUTE. Russian Journal of Industrial Economics. 2010;(2):44-49. (In Russ.) https://doi.org/10.17073/2072-1633-2010-2-44-49