Banknote Printing at Modern Central Banking: Trends, Costs, and Efficiency

Borradores de Economia
Number: 
476
Published: 
Classification JEL: 
E50, C33, C23, C43
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

This paper examines trends in banknote printing during the period 2000-2005 for a crosssection of 56 central banks. It was identified that central banks have implemented new strategies to increase efficiency in the production of banknotes, primarily due t