Post by invitation
That a purchase Roca is becoming less obvious at this point. Among the problems caused by inflation there are large and small. Among the latter, one that causes discomfort is the fact of having to go 3 or 4 silver cash to find a Sunday or, directly, not to find from the second day of a long weekend (although some time seems to on those dates are loaded many more tickets "big" at ATMs).
Clearly if this "nuisance" still fails to occupy space in the media who knew how to fill (easy note consisting of a small camera on the tail of bondi retired) the lack of coins, is because most of those banking can burn say a few tens of violets in a pretty good weekend to replace cash. The coins in change are proportionately more respondents in lower social strata banked and has no substitutes (until they get e-cards or something similar).
addition to several complaints by the demand side, working with small bills on with the general price level also has operating costs for banks (including the Central Bank) that would be interesting to know / calculate. All things being equal, doubling the denomination of the bills that are loaded into an ATM could halve the number of refills.
obvious policy action when inflation becomes untenable this problem is to increase the denomination of the bills. The cost it takes to assume (and this government more than anyone else) is the implicit recognition of inflation.
So the question then would be clear whether or not the ticket for 100 pesos is being "too" boy or endured with purple until 2011. For comparison we can look at the history or what happens in other countries. In Argentina in particular with its history of high inflation, high denomination banknotes should have had (I did the calculations) a very high variance in terms of purchasing power. So let's look a bit better what happens in the world. In the table below you can see the highest denomination banknotes in several countries and its equivalent in U.S. dollars:
is clear that the source wiki and there may be some confusion as to the maximum term (the I find it strange if Canada for example), it is clear that the vast majority of larger bills from other countries in the region and the world account for more (dollar's modest Argentine peso). Obviously
take the dollar as a reference point is arbitrary and does not directly tell us anything about the purchasing power of local currency notes that last one is what matters. Thanks to Balassa-Samuelson know which should be remedied by the fact that poorer countries are non-tradable prices lower and therefore perhaps with a note equivalent to $ 20 in China and India is more than adequate or appropriate for the case.
If then returned the ticket log highest denomination in dollars (y) in the log of GDP per capita PPP of the country (x) we have:
So if we adjust for more or less where we would correspond to this relationship (although the graphic tells you that the thing is not as terrible as we are not the only ones who are far from the line-side down, but here a couple of years and by exchange rate bubble speak) would have two options: i) lower our GDP PPP per capita less than half the current (non-preferred option) or ii) to generate a ticket that represents the equivalent of $ 68 or so (preferred).
Clearly not the thing needs to be accurate, but a 200-billetón closer you very well to this value "balance" (51 dollars). Building on the already trite excuse the bicentennial and their respective "Tribute Ticket" Central should be heating the Rotaprint.
