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Title:Coin migration within the euro area PDF Logo
Authors:Seitz, Franz
Stoyan, Dietrich
Tödter, Karl-Heinz
Issue Date: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
Document Type:Working Paper
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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