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The transition from national currencies to the Euro

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We initiated a survey to examine whether the transition from national currencies to the Euro involved significant increases in transaction times. Based on our sample of 42 observations, we found that the pure transaction time for making change did actually increase, while queuing time increased only in small shops. This increase in transaction time represented a more significant welfare loss than most estimated studies of shoe-leather cost have previously found.

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en

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application/pdf

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http://eprints.lse.ac.uk/511/1/eurotransistion.pdf

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