RBA economist proposes ‘survival model’ of banknote life
Model is more complex, but produces less volatile, more nuanced estimates
A researcher at the Reserve Bank of Australia (RBA) proposes a new method of estimating the lifetime of a banknote in a research discussion paper published today (September 3).
In The Life of Australian Banknotes, author Alexandra Rush proposes the "survival model" as an improvement on simpler models based on the turnover of banknotes. While the latter are strongly affected by shocks to banknote demand or new issuances, the survival model can take these factors into account.
The survival
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com