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Coin migration within the euro area

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Author Info
Seitz, Franz
Stoyan, Dietrich
Tödter, Karl-Heinz

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Abstract

This paper analyses how many euro coins outflow from Germany and which composition of coins is to be expected in the long run. To this end, a simple mathematical model is formulated and calibrated for €1 coins. The introduction of the euro coins in 2002 presented a unique opportunity to analyse the cross-border migration and the mixing process of coins in different euro-area countries. Based on research by Stoyan and depending on growth assumptions, the annual outflow of German €1 coins is calculated to lie somewhere between 4% and 5%. In the long run, the ratio of German €1 coins in Germany is likely to converge to around 50%. --

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Publisher Info
Paper provided by Deutsche Bundesbank, Research Centre in its series Discussion Paper Series 1: Economic Studies with number 2009,27.

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Date of creation: 2009
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Handle: RePEc:zbw:bubdp1:200927

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Related research
Keywords: Euro coins; coin volumes; mixing process;

Find related papers by JEL classification:
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money

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This page was last updated on 2009-12-2.

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