Design and Security of Currency

Design and Security of Currency PDF

Author: United States. Congress

Publisher: Createspace Independent Publishing Platform

Published: 2018-01-05

Total Pages: 52

ISBN-13: 9781983466113

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Design and security of currency : hearing before the Subcommittee on Domestic Monetary Policy, Technology, and Economic Growth of the Committee on Financial Services, U.S. House of Representatives, One Hundred Seventh Congress, first session, July 24, 2001.

The Design and Printing of Bank Notes

The Design and Printing of Bank Notes PDF

Author: Mr.Richard K. Abrams

Publisher: International Monetary Fund

Published: 1995-03

Total Pages: 40

ISBN-13:

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Many newly independent or systemically transforming countries feel a pressing need to--or must--introduce their own national currency. Other countries simply wish to enhance the attractiveness, usefulness, durability, and/or security of their currencies. However, it is difficult to find consistent published information on the various aspects of this process. This paper attempts to ameliorate this problem by discussing the main issues in designing, producing, and printing a new currency, in order to help those charged with these tasks to proceed in an orderly and informed manner. Attention is also given to examining the options that may be available when this exercise must be undertaken on an emergency basis, with little or no warning.

Information Aggregation, Security Design and Currency Swaps

Information Aggregation, Security Design and Currency Swaps PDF

Author: Bhagwan Chowdhry

Publisher:

Published: 2002

Total Pages: 27

ISBN-13:

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Abstract: A model of security design based on the principle of information aggregation and alignment is used to show that (i) firms needing to finance their operations should issue different securities to different groups of investors in order to aggregate their disparate information and (ii) each security should be highly correlated (closely aligned) with the private information signal of the investor to whom it is marketed. This alignment reduces the adverse selection penalty paid by a firm with superior information. Adverse selection costs are often contingent on ex post publicly observable and contractible state variables such as exchange rates. In such cases, debt contracts are dominated by currency swaps. Moreover, optimal securities are derivative contracts that are contingent on state variables that influence adverse selection costs. This is because the netting of cash flows in these derivative contracts, in effect, alters the state-by-state seniority of different claims in a desirable way.

Counterfeit Deterrent Features for the Next-Generation Currency Design

Counterfeit Deterrent Features for the Next-Generation Currency Design PDF

Author: National Research Council

Publisher: National Academies Press

Published: 1993-02-01

Total Pages: 144

ISBN-13: 0309050286

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Traditionally, counterfeit deterrent features restricted counterfeiting to only the dedicated craftsman. With the advent of highly sophisticated reprographic systems, this is no longer true. Redesign of U.S. banknotes is necessary in order to incorporate additional features aimed at discouraging counterfeiting using advanced copiers-scanners-printers. This volume evaluates a large number of such features while recommending a comprehensive national strategy for anticipating and responding to counterfeiting threats.

Design and Security of Currency

Design and Security of Currency PDF

Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic Monetary Policy, Technology, and Economic Growth

Publisher:

Published: 2001

Total Pages: 64

ISBN-13:

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Currency Features for Visually Impaired People

Currency Features for Visually Impaired People PDF

Author: National Research Council

Publisher: National Academies Press

Published: 1995-02-18

Total Pages: 139

ISBN-13: 0309051940

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The Committee on Currency Features for the Visually Impaired evaluated features that could be incorporated in the production of U.S. banknotes that would enable blind and visually disabled people to more easily determine the denomination of a banknote. This volume describes several features and the assessment methodology used to determine which features could be recommended for inclusion in the short term, which could be recommended for research and possible inclusion in future currency redesigns, and which features were impractical for use in U.S. banknotes. Also included is an outline of the various types of visual disabilities that impair an individual's ability to denominate banknotes. Recommended features and areas of research are described in detail. Banknote and other security document producers, and people interested in addressing needs and opportunities for visually disabled people in the United States will find this book useful.

A Path to the Next Generation of U.S. Banknotes

A Path to the Next Generation of U.S. Banknotes PDF

Author: National Research Council

Publisher: National Academies Press

Published: 2007-07-26

Total Pages: 328

ISBN-13: 0309185645

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The rapid pace at which digital printing is advancing is posing a very serious challenge to the U.S. Department of the Treasury's Bureau of Printing (BEP). The BEP needs to stay ahead of the evolving counterfeiting threats to U.S. currency. To help meet that challenge, A Path to the Next Generation of U.S. Banknotes provides an assessment of technologies and methods to produce designs that enhance the security of U.S. Federal Reserve notes (FRNs). This book presents the results of a systematic investigation of the trends in digital imaging and printing and how they enable emerging counterfeiting threats. It also provides the identification and analysis of new features of FRNs that could provide effective countermeasures to these threats and an overview of a requirements-driven development process that could be adapted to develop an advanced-generation currency.

Is That Real?

Is That Real? PDF

Author: National Research Council

Publisher: National Academies Press

Published: 2006-04-19

Total Pages: 73

ISBN-13: 0309180740

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A key mission of the Bureau of Engraving and Printing of the Department of the Treasury is the design and printing of U.S. banknotes. The BEP is responsible for producing easily recognizable currency that is difficult to counterfeit. In recent years, the bureau has recognized the modern information technology could lead to entirely new types of counterfeiting threats, and it has requested a number of studies by the NRC to assess these evolving threats. In this new request, the BEP asked the NRC to identify and evaluate significant emerging counterfeiting threats and to assess technologically feasible counterfeit-deterrent features for potential use in new designs. This first report provides an assessment of emerging threats including a wide range of digital imaging and printing techniques. It also presents an analysis of a systems approach to the counterfeiting threat. The second report will offer an evaluation of new banknote features to address these threats.

The Currency Design Act

The Currency Design Act PDF

Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage

Publisher:

Published: 1985

Total Pages: 116

ISBN-13:

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