کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
967904 931419 2013 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
When do plastic bills lower the bill for the central bank? A model and estimates for the U.S.
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
When do plastic bills lower the bill for the central bank? A model and estimates for the U.S.
چکیده انگلیسی

We develop an analytical framework that allows central banks to assess whether changing the manufacturing material of their tokens would be beneficial. Applied to the case of the U.S., we find that a complete adoption of plastic notes would save the Fed $140 million per year but would entail a substantial migration cost in case of a “big bang”. On the level of individual denominations, we find that the $1 bill would be the most lucrative to replace and that the business case for the $100 bill is thin – suggesting that a partial adoption of polymer would make more sense.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Policy Modeling - Volume 35, Issue 1, January–February 2013, Pages 45–60
نویسندگان
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