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RBA Glossary definition for counterfeit

counterfeit – A representation of currency intended to deceive recipients.

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The Social Costs of Currency Counterfeiting

1 Jun 2015 RDP 2015-05
Nathan Viles, Alexandra Rush and Thomas Rohling
Table 1: Cost to the Public from Receiving Counterfeits. 2013. Counterfeits detected in circulation. ... recoup the loss from accepting a single C$50 counterfeit (Bank of Canada 2015).
https://www.rba.gov.au/publications/rdp/2015/2015-05/social-costs-currency-counterfeiting.html

Appendix A: Data

1 Jun 2015 RDP 2015-05
Nathan Viles, Alexandra Rush and Thomas Rohling
Counterfeits detected. The value of counterfeits detected and removed from circulation during each quarter.
https://www.rba.gov.au/publications/rdp/2015/2015-05/appendix-a.html

References

11 Sep 2015 RDP 2015-05
Nathan Viles, Alexandra Rush and Thomas Rohling
Fung B and E Shao (2011a), ‘Counterfeit Quality and Verification in a Monetary Exchange’, Bank of Canada Working Paper 2011-4. ... Quarterly Review. , 20(3), pp 3–10. Judson R and R Porter (2003), ‘Estimating the Worldwide Volume of Counterfeit
https://www.rba.gov.au/publications/rdp/2015/2015-05/references.html

Introduction

1 Jun 2015 RDP 2015-05
Nathan Viles, Alexandra Rush and Thomas Rohling
We find that the level of counterfeiting in Australia is relatively low compared with other economies, and that businesses incur a greater fraud loss from accepting counterfeits than households. ... The main focus of existing empirical work has been to
https://www.rba.gov.au/publications/rdp/2015/2015-05/introduction.html

Counterfeiting and Confidence

1 Jun 2015 RDP 2015-05
Nathan Viles, Alexandra Rush and Thomas Rohling
These models have only two types of money: genuine fiat money and counterfeits. ... A counterfeiter's expected benefits could be thought of as the probability of avoiding detection multiplied by the notional value of counterfeits produced.
https://www.rba.gov.au/publications/rdp/2015/2015-05/counterfeiting-confidence.html

A Structural Model of Counterfeiting and Methods of Payment

11 Sep 2015 RDP 2015-05
Nathan Viles, Alexandra Rush and Thomas Rohling
Counterfeits detected in circulation. 2. 0.1. 0.00004. Banknotes in circulation. 926,560. ... advancements that reduce the cost of counterfeiting, increase the quality of counterfeits and potentially reduce a criminal's chance of being caught while
https://www.rba.gov.au/publications/rdp/2015/2015-05/structural-model-counterfeiting-methods-payment.html