Coin Migration and Seigniorage within the Euro Area
The introduction of the euro coins in 2002 presented a unique opportunity to study the crossborder migration and the mixing process of coins in different euro-area countries. This note analyses how many euro coins flow from and into Germany and which composition of coins is to be expected in the long run. A simple model of coin migration is formulated and calibrated for Q1 coins. The ratio of German coins circulating in Germany is likely to settle around 50%if past growth of coin volumes continues. In contrast to banknotes, allocation of coin seigniorage depends on national coin issuance. Different national growth rates of coin volumes have important implications for coin seigniorage.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 232 (2012)
Issue (Month): 1 (January)
|Contact details of provider:|| Postal: |
Phone: +49 (0)641 99 22 001
Fax: +49 (0)641 99 22 009
Web page: http://wiwi.uni-giessen.de/home/oekonometrie/Jahrbuecher/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ernst Baltensperger & Thomas J. Jordan, 1997. "Principles of Seigniorage," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 133(II), pages 133-152, June.
- Dietrich Stoyan & Helga Stoyan & Gunter Döge, 2004. "Statistical Analyses and Modelling of the Mixing Process of Euro Coins in Germany and Europe," Australian & New Zealand Journal of Statistics, Australian Statistical Publishing Association Inc., vol. 46(1), pages 67-77, 03.
- Seitz, Franz & Stoyan, Dietrich & Tödter, Karl-Heinz, 2009. "Coin migration within the euro area," Discussion Paper Series 1: Economic Studies 2009,27, Deutsche Bundesbank, Research Centre.
When requesting a correction, please mention this item's handle: RePEc:jns:jbstat:v:232:y:2012:i:1:p:84-92. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Winker)
If references are entirely missing, you can add them using this form.