A simple way to capture currency abroad

Nikolaus Bartzsch, Gerhard Rösl and Franz Seitz

Applied Economics Letters, 2012, vol. 19, issue 15, 1511-1514

Abstract: In this article, we analyse the volume of euro banknotes issued by Germany that circulate abroad. Inferences are drawn from a coin model. Our approach suggests that foreign demand has increased since 2002. At the end of 2009 nearly 50%, the equivalent of €170 billion, is held outside the euro area.

Date: 2012
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DOI: 10.1080/13504851.2011.637886

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