The Optimal Denomination of Currency
Adrian E. Tschoegl
L. G. Telser (1995) and Scott Sumner (1993) argue that the optimal system of denominations currency would consist a sequence differed from each other by factor three. The fact is today no follows powers-of-three principle. author argues existing systems are result an evolution over time subject to historical influences social factors, especially counting societies use. Copyright 1997 Ohio State University Press.
Journal of Money, Credit and Banking