Money to burn, or melt? A cost-benefit analysis of Australian polymer banknotes

Menzies, G

Money to burn, or melt? A cost-benefit analysis of Australian polymer banknotes

Menzies, G

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Publication Type:: Journal Article
Citation:: North American Journal of Economics and Finance, 2004, 15 (3), pp. 355 - 368
Issue Date:: 2004-12-01

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Field	Value	Language
dc.contributor.author	Menzies, G https://orcid.org/0000-0003-4133-2282	en_US
dc.date.issued	2004-12-01	en_US
dc.identifier.citation	North American Journal of Economics and Finance, 2004, 15 (3), pp. 355 - 368	en_US
dc.identifier.issn	1062-9408	en_US
dc.identifier.uri	http://hdl.handle.net/10453/5069
dc.description.abstract	Australia, New Zealand and Romania have all fully adopted polymer (plastic) banknotes, and another 18 countries have issued at least one polymer note. The invention of polymer banknotes in Australia was motivated primarily by concern about counterfeiting. However, this paper shows that the transition was economically advantageous. Within 10 years of the introduction of polymer notes, the net benefit was around $A 90 million ($U.S. 65 million). © 2004 Elsevier Inc. All rights reserved.	en_US
dc.relation.ispartof	North American Journal of Economics and Finance	en_US
dc.relation.isbasedon	10.1016/j.najef.2004.10.002	en_US
dc.subject.classification	Economics	en_US
dc.title	Money to burn, or melt? A cost-benefit analysis of Australian polymer banknotes	en_US
dc.type	Journal Article
utslib.citation.volume	3	en_US
utslib.citation.volume	15	en_US
utslib.for	1499 Other Economics	en_US
utslib.for	140212 Macroeconomics (incl. Monetary and Fiscal Theory)	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1403 Econometrics	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.issue	3	en_US
pubs.publication-status	Published	en_US
pubs.volume	15	en_US

Abstract:

Australia, New Zealand and Romania have all fully adopted polymer (plastic) banknotes, and another 18 countries have issued at least one polymer note. The invention of polymer banknotes in Australia was motivated primarily by concern about counterfeiting. However, this paper shows that the transition was economically advantageous. Within 10 years of the introduction of polymer notes, the net benefit was around $A 90 million ($U.S. 65 million). © 2004 Elsevier Inc. All rights reserved.

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http://hdl.handle.net/10453/5069