The transition from national currencies to the Euro

Goodhart, Charles and Pappa, Evi (2003) The transition from national currencies to the Euro. Economics Letters, 79 (1). pp. 83-88. ISSN 0165-1765

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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.

Item Type:	Article
Official URL:	http://www.elsevier.com/locate/ecolet
Additional Information:	Copyright © 2002 Published by Elsevier Science B.V. LSE has developed LSE Research Online so that users may access research output of the School. Copyright © and Moral Rights for the papers on this site are retained by the individual authors and/or other copyright owners. Users may download and/or print one copy of any article(s) in LSE Research Online to facilitate their private study or for non-commercial research. You may not engage in further distribution of the material or use it for any profit-making activities or any commercial gain. You may freely distribute the URL (http://eprints.lse.ac.uk) of the LSE Research Online website.
Divisions:	LSE
Subjects:	H Social Sciences > HG Finance H Social Sciences > HB Economic Theory
Date Deposited:	05 Dec 2005
Last Modified:	11 Dec 2024 22:41
URI:	http://eprints.lse.ac.uk/id/eprint/511

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