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dc.contributor.authorSeitz, Franzen_US
dc.contributor.authorStoyan, Dietrichen_US
dc.contributor.authorTödter, Karl-Heinzen_US
dc.description.abstractThis 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%.en_US
dc.publisherDeutsche Bundesbank Frankfurt a. M.en_US
dc.relation.ispartofseriesDiscussion Paper Series 1: Economic Studies 2009,27en_US
dc.subject.keywordEuro coinsen_US
dc.subject.keywordcoin volumesen_US
dc.subject.keywordmixing processen_US
dc.titleCoin migration within the euro areaen_US
dc.typeWorking Paperen_US
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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