The Denomination Standard: regularity in money through time and place

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The Denomination Standard (as opposed to the 'gold standard'): regularity in currency through time and place.
A unit of gold is said to (give and take a little) buy the same good through time - hence the gold standard. My hypothesis is: does the denomination 'size' of fiat money (currency) buy the same goods (as opposed to the nominal size, which will differ from time to time, place to place). How many of the lowest paper notes does it take to buy 'x' good - my case a big mac. In the developed world, it generally costs around 2 of the lowest denomination notes for a McDonald's Big Mac (2012). Of course, the amount grows the less developed the country - Sri Lanka 29. A 'standard note' (thank you to my student Paul) may stand like a 'standing wave' over time and place; nominal prices will flow (rise) through it. Difficult to find a standard good, and there are lag times, of course, as notes stay in circulation for some time in stable economies.



You may ask what that has to do with fractals: well, fractals share a feature - regular irregularity (same but different) at all scales. For money, the regular is the note or the coin. The irregular is the nominal size of the note or coin, the country it is from, the colour, and so on...

 I will soon publish a table of my Big Mac standard notes.

Inflation through time - and the standard note.
The test will be: does the standard note hold through time with inflation? My survey of the US dollar says not exactly. But here, the inflation has been relatively slow compared to the countries with hyperinflation. I wonder if, in Zimbabwe, dollar note size bought the same (amount) of goods during their time of hyperinflation?
Update:
2013-10-12


Source: Economist Big Mac Index via

http://bigmacindex.org/bmi-data-text-format.html

GDP IMF via
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita

More to come.

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