Coin migration within the euro area

Arbeitspapier

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%.

Object Details

• ISBN: 978-3-86558-558-5
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Discussion Paper Series 1 ; No. 2009,27

Classification and Topics

• Classification: Wirtschaft ; Optimization Techniques; Programming Models; Dynamic Analysis ; Demand for Money
• Subject: Euro coins ; coin volumes ; mixing process

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Seitz, Franz ; Stoyan, Dietrich ; Tödter, Karl-Heinz
• Event: Veröffentlichung
• (who): Deutsche Bundesbank
• (where): Frankfurt a. M.
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/28117
• Last update: 10.03.2025, 11:41 AM CET