tag:blogger.com,1999:blog-6704573462403312459.post7470954212146978818..comments2024-03-28T06:53:23.473-04:00Comments on Moneyness: Mutilated money and central bank breakageJP Koninghttp://www.blogger.com/profile/02559687323828006535noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6704573462403312459.post-46560670625840049952014-09-08T19:35:17.235-04:002014-09-08T19:35:17.235-04:00One could also make the argument that the breakage...One could also make the argument that the breakage benefits accrue to the remaining note holders who have greater assets relative to liability coverage and circulating currency depending on how the issue is addressed and managed.Nick Gogertyhttps://www.blogger.com/profile/14564255432456707181noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-73622026364780835892013-02-14T15:16:36.637-05:002013-02-14T15:16:36.637-05:00Interesting. Here is a link.Interesting. Here is a <a href="http://www.rdo-olr.uottawa.ca/index2.php?option=com_sobi2&sobi2Task=dd_download&fid=891&Itemid=842" rel="nofollow">link</a>.JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-75069090251067486102013-02-14T09:07:47.279-05:002013-02-14T09:07:47.279-05:00The SCC has an interesting decision on destroyed b...The SCC has an interesting decision on destroyed bank notes.<br />Here's the reference: Bank of Canada v Bank of Montreal [1978] 1 SCR 1148<br />Peter in Fiji<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-80655377347384716942013-01-17T09:14:24.023-05:002013-01-17T09:14:24.023-05:00On a completely different topic, what's your v...On a completely different topic, what's your view on quantity vs. interest rates?<br /><br />Could I ask you to opine on <a href="http://catalystofgrowth.com/2013/01/17/no-school-of-thought-to-belong-to/" rel="nofollow">this?</a>DOBhttp://catalystofgrowth.com/noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-45266602621231312992013-01-15T09:14:41.772-05:002013-01-15T09:14:41.772-05:00Yes quite interesting. Thanks again.Yes quite interesting. Thanks again.DOBhttp://catalystofgrowth.com/noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-85576516292216753992013-01-14T23:59:41.971-05:002013-01-14T23:59:41.971-05:00I don't know very much about counterfeiting. M...I don't know very much about counterfeiting. May have to do a post on this in the future. Does the central bank actively cross check serial numbers? Would they tell us if they didn't? A lot of the information on central bank anti-counterfeiting procedures will be private (justifiably so). Interesting questions though.JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-5245507647437422512013-01-14T10:16:38.416-05:002013-01-14T10:16:38.416-05:00It's possible they can see that they have more...It's possible they can see that they have more bills of a certain serial number than they have issued but just can't tell them apart--maybe it's just not cost effective to do so?<br /><br />In this case I wonder if they report the statistic..DOBhttp://catalystofgrowth.com/noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-17332095310423451322013-01-14T10:09:35.074-05:002013-01-14T10:09:35.074-05:00Thanks!
You're right, counterfeiting will pro...Thanks!<br /><br />You're right, counterfeiting will probably have a non-negligible effect on the final percent retired. Can we ever get statistics on how many counterfeit notes the Banca d'Italia has accepted over the years? Not sure how since the people collecting the statistics are the same ones who are being fooled.JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-59021461848428419522013-01-14T09:09:21.975-05:002013-01-14T09:09:21.975-05:00JP,
An excellent post as usual! (and quite entert...JP,<br /><br />An excellent post as usual! (and quite entertaining)<br /><br />Is it possible counterfeits of a certain quality were retired by the CBs and helped lower the unclaimed %-age number? <br /><br />DOBhttp://catalystofgrowth.com/noreply@blogger.com