Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/224477
Authors: 
Uhl, Matthias
Year of Publication: 
2020
Series/Report no.: 
Bundesbank Discussion Paper 49/2020
Abstract: 
Euro coins have a common European side and an individual national side. Thanks to coin migration, coins bearing a panoply of national sides are in circulation throughout the euro area. In this paper, we model the mixing of coins circulating in the euro area countries and in particular the extent of coin migration in the euro area. A model calibration suggests that, for the coin denominations €2, €1, 50 cent and 20 cent roughly the same quantity of euro coins migrate from Germany to the rest of the euro area as vice versa. Accordingly, the relatively large quantities of coins issued by the Federal Republic of Germany are not materially explained by exports of coins to other euro area countries.
Subjects: 
Euro coins
coin circulation
coin mixing
JEL: 
E41
ISBN: 
978-3-95729-766-2
Document Type: 
Working Paper

Files in This Item:
File
Size
646.93 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.