Search: counterfeit

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RBA Glossary definition for counterfeit

counterfeit – A representation of currency intended to deceive recipients.

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Data

18 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
73.3. Born outside of Australia. 24.2. Experience with banknotes. Received counterfeits in the past. ... 8. 7. 0. 34. No of detected counterfeits. 1,614. 1,234. 0.
https://www.rba.gov.au/publications/rdp/2019/2019-12/data.html

Confidence in Australian Banknotes

1 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
Table 4: Average Marginal Effects of Experiences with Counterfeits. Probability. Receive counterfeit in next year. ... 1). (2). (3). (4). (5). (6). Experiences with counterfeits (control category = ‘Have never received a counterfeit’).
https://www.rba.gov.au/publications/rdp/2019/2019-12/full.html

Confidence in Australian Banknotes

19 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
We find that past encounters with counterfeits, and past experience of problems using banknotes, significantly worsen an individual's perceived counterfeit risk. ... As more unique counterfeit incidents are reported in the media, more genuine banknotes
https://www.rba.gov.au/publications/rdp/2019/2019-12.html

Conclusion

18 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
We find that past experience of problems using banknotes significantly worsens both perceived counterfeit risk and confidence in the system to remove counterfeits. ... Females, younger adults, people with low income, and those who reported having
https://www.rba.gov.au/publications/rdp/2019/2019-12/conclusion.html

Introduction

18 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
One interesting finding is that past experience of serious problems using banknotes significantly worsens both counterfeit risk perception and confidence in the system for removing counterfeits, regardless of personal experiences with ... Females,
https://www.rba.gov.au/publications/rdp/2019/2019-12/introduction.html

Appendix A: Robustness Checks

18 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
Download the Paper 358. KB. Table A1: Average Marginal Effects on Perceived Risk of Receiving Counterfeits. ... Have received a counterfeit. 0.2152. (0.0292). 0.1832. (0.0249). 0.0442. (0.0325). 0.0416.
https://www.rba.gov.au/publications/rdp/2019/2019-12/appendix-a.html

Non-technical summary for ‘Confidence in Australian Banknotes’

1 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
be a victim of counterfeiting, but also have less confidence in the system for removing counterfeits from circulation. ... As more unique counterfeit incidents are reported in the media, more genuine banknotes are mistakenly submitted as counterfeits,
https://www.rba.gov.au/publications/rdp/2019/2019-12/non-technical-summary.html

Empirical Strategy

18 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
two categories: likely to get a counterfeit in the next year (rating of 5 to 10) and not likely (rating of 0 to 4). ... The underlying assumption is that an increased number of genuine banknotes mistakenly submitted as counterfeits would, all else equal,
https://www.rba.gov.au/publications/rdp/2019/2019-12/empirical-strategy.html

Results: The Determinants of Confidence in Australian Banknotes

18 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
Table 4: Average Marginal Effects of Experiences with Counterfeits. Probability. Receive counterfeit in next year. ... 1). (2). (3). (4). (5). (6). Experiences with counterfeits (control category = ‘Have never received a counterfeit’).
https://www.rba.gov.au/publications/rdp/2019/2019-12/results-the-determinants-of-confidence-in-australian-banknotes.html

References

18 Dec 2019 RDP 2019-12
Kim Nguyen and Anny Francis
Williams MM and RG Anderson (2007), ‘Currency Design in the United States and Abroad: Counterfeit Deterrence and Visual Accessibility’, Federal Reserve Bank of St.
https://www.rba.gov.au/publications/rdp/2019/2019-12/references.html