Coin migration within the euro area

Franz Seitz, Dietrich Stoyan and Tödter, Karl-Heinz

No 2009,27, Discussion Paper Series 1: Economic Studies from Deutsche Bundesbank, Research Centre

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%. --

Keywords: Euro coins; coin volumes; mixing process (search for similar items in EconPapers)
JEL-codes: C61 E41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:zbw:bubdp1:200927

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