Research Discussion Paper – RDP 2015-10 The Life of Australian Banknotes


The Discussion Paper series is intended to make the results of the current economic research within the Reserve Bank available to other economists. Its aim is to present preliminary results of research so as to encourage discussion and comment. Views expressed in this paper are those of the authors and not necessarily those of the Reserve Bank. Use of any results from this paper should clearly attribute the work to the authors and not to the Reserve Bank of Australia.

The contents of this publication shall not be reproduced, sold or distributed without the prior consent of the Reserve Bank of Australia and, where applicable, the prior consent of the external source concerned.

I thank Michele Bullock, Christopher Kent, Michael Andersen, John Simon, Thomas Rohling, Peter Tulip, James Hansen and Matthew Read for valuable comments and contributions.