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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 … different euro-area countries. Based on research by Stoyan and depending on growth assumptions, the annual outflow of German €1 …
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EMU-changes of capitalized seignorage in two scenarios for Germany. Estimates of changes in the literature are examined … Union (EMU) ; Euro ; seignorage ; seignorage pooling ; seignorage change ; pool bias …
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