Diskussionsbeitrag / Discussion. Paper Coin: Migration and Seigniorage within the Euro Area

Franz Seitz, Stoyan Dietrich () and Tödter Karl-Heinz ()
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Stoyan Dietrich: TU Bergakademie Freiberg, Institute of Stochastics, 09596 Freiberg, Germany
Tödter Karl-Heinz: Deutsche Bundesbank, Research Centre, Wilhelm-Epstein-Strasse 14, 60431 Frankfurt a.M., Germany

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2012, vol. 232, issue 1, 84-92

Abstract: 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.

Keywords: Euro coins; mixing process; seigniorage; Euro coins; mixing process; seigniorage (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:232:y:2012:i:1:p:84-92

DOI: 10.1515/jbnst-2012-0107

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