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The international diffusion of an innovation: The spread of decimal currency

Tschoegl, Adrian E.

Journal of Socio-Economics, 2010, Vol.39(1), pp.100-109 [Periódico revisado por pares]

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  • Título:
    The international diffusion of an innovation: The spread of decimal currency
  • Autor: Tschoegl, Adrian E.
  • Assuntos: N20 ; E42 ; N10 ; Decimalization ; Currency ; Denominations ; Numismatics
  • É parte de: Journal of Socio-Economics, 2010, Vol.39(1), pp.100-109
  • Descrição: This paper argues that decimalization of currency diffused as a consequence of all three forms of isomorphism: normative, coercive, and mimetic. Furthermore, it is ambiguous as to whether the normative isomorphism was well founded. The patterns of denominations show variety by country as a consequence of a number of factors, including cultural ones. These patterns tend to follow a powers-of-two (binary) principle for smaller denominations and a purer decimal principle for larger denominations, reflecting their utility for cash transactions and for store-of-value functions, respectively.
  • Idioma: Inglês

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