Author
Listed:
- Nicolas Houy
- David Bounie
Abstract
[eng] Payment Efficiency in Euro and Monetary Denomination Systems. . This study aims at measuring the efficiency of the European monetary denomination system. On the contrary to the previous studies based on a uniform distribution of prices in the economy, we introduce a real distribution of prices observed in the French economy. We show that gain efficiencies of about 10% could be reached by introducing an 80 cents coin or by replacing the 500 euros note by the 80 cents coin. More generally, we outline that it would be more efficient to replace the highest face values - 100, 200 and 500 euros notes - by the 80 cents coin. At the opposite, it will be inefficient to remove the lowest face values such as the 20 and the 50 cents coins. [fre] Ce travail cherche à mesurer l'efficacité de l'actuelle structure du système européen des divisions monétaires. Contrairement aux précédents travaux théoriques qui supposent une distribution uniforme des prix dans l'économie, nous introduisons une distribution réelle des prix observés dans l'économie française. Nous montrons que des gains d'efficacité de 10 % environ pourraient être réalisés par l'introduction d'une division de 80 centimes d'euros ou par la substitution de la division de 500 euros par celle de 80 centimes d'euros. Plus généralement, nous soulignons qu'il est très efficace de remplacer les divisions de valeur faciale élevée - 100, 200 et 500 euros - par la division de 80 centimes d'euros. En revanche, il serait très inefficace de supprimer les divisions de faible valeur faciale comme les pièces de 20 et 50 centimes d'euros.
Suggested Citation
Nicolas Houy & David Bounie, 2009.
"Efficacité des paiements en euros et système de divisions monétaires,"
Revue Française d'Économie, Programme National Persée, vol. 24(2), pages 153-169.
Handle:
RePEc:prs:rfreco:rfeco_0769-0479_2009_num_24_2_1732
DOI: 10.3406/rfeco.2009.1732
Note: DOI:10.3406/rfeco.2009.1732
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