Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/28117
Authors: 
Seitz, Franz
Stoyan, Dietrich
Tödter, Karl-Heinz
Year of Publication: 
2009
Series/Report no.: 
Discussion Paper Series 1: Economic Studies 2009,27
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%.
Subjects: 
Euro coins
coin volumes
mixing process
JEL: 
C61
E41
ISBN: 
978-3-86558-558-5
Document Type: 
Working Paper

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