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Coin migration within the euro area

Author

Listed:
  • Seitz, Franz
  • Stoyan, Dietrich
  • Tödter, Karl-Heinz

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%.

Suggested Citation

  • Seitz, Franz & Stoyan, Dietrich & Tödter, Karl-Heinz, 2009. "Coin migration within the euro area," Discussion Paper Series 1: Economic Studies 2009,27, Deutsche Bundesbank.
    • Handle: RePEc:zbw:bubdp1:200927
    as

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    File URL: https://www.econstor.eu/bitstream/10419/28117/1/609868446.PDF
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    References listed on IDEAS

    as
    1. Ernst Baltensperger & Thomas J. Jordan, 1997. "Principles of Seigniorage," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 133(II), pages 133-152, June.
    2. repec:bla:anzsta:v:46:y:2004:i:1:p:67-77 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. The international movement of euro coins
      by Economic Logician in Economic Logic on 2009-11-16 21:37:00

    Citations

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    as


    Cited by:

    1. Arkadiusz Manikowski, 2021. "The Markov Process as a Model of Migration Based on the Example of the Movement of Banknotes (Proces Markowa jako model migracji na przykladzie przemieszczania sie banknotow)," Research Reports, University of Warsaw, Faculty of Management, vol. 2(35), pages 76-92.
    2. Nikolaus Bartzsch & Gerhard Rösl & Franz Seitz, 2012. "A simple way to capture currency abroad," Applied Economics Letters, Taylor & Francis Journals, vol. 19(15), pages 1511-1514, October.
    3. Seitz Franz & Stoyan Dietrich & Tödter Karl-Heinz, 2012. "Diskussionsbeitrag / Discussion. Paper Coin: Migration and Seigniorage within the Euro Area," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 232(1), pages 84-92, February.
    4. Uhl, Matthias, 2020. "Coin migration between Germany and other euro area countries," Discussion Papers 49/2020, Deutsche Bundesbank.

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    2. Seitz Franz & Stoyan Dietrich & Tödter Karl-Heinz, 2012. "Diskussionsbeitrag / Discussion. Paper Coin: Migration and Seigniorage within the Euro Area," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 232(1), pages 84-92, February.
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    More about this item

    Keywords

    Euro coins; coin volumes; mixing process;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money

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