publication . Preprint . Research . 2014

The volume of euro coins held for transaction purposes in Germany

Altmann, Markus; Bartzsch, Nikolaus;
Open Access
  • Published: 01 Aug 2014
Abstract
According to estimates using the seasonal method, the volume of euro coins held for transaction purposes in Germany in 2011 stood at €2.3 billion; this corresponds to around 36% of the total volume of German (ie issued by the Deutsche Bundesbank) euro coins in circulation. 76% of the total volume of coins held for transaction purposes was accounted for by €1 and €2 coins. Only in the case of €2 coins has the cash stock held for transaction purposes made a significant contribution to the growth in the volume of coins in circulation in recent years. Therefore, structural models are the most suitable method of determining the demand for this denomination. Given the...
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free text keywords: Coins, transaction balance, hoarding, foreign demand, seasonal method, introduction of euro cash, E41, E42, coins, transaction balance, hoarding, foreign demand, seasonal method, introduction of euro cash, jel:E41, jel:E42, ddc:330
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