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

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2010
Volume: 39
Issue: 1
Pages: 100-109

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:soceco:v:39:y:2010:i:1:p:100-109
Journal Field
Experimental
Author Count
1
Added to Database
2026-01-29