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 …

the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation … theory. -- Inflation ; Relative price variability ; Monetary search models ; European market integration …

This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank …