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Statistical Analyses and Modelling of the Mixing Process of Euro Coins in Germany and Europe

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Summary

This paper reports on the mixing of Euro coins from different countries of origin in Europe, which started on 1 January 2002. There is an interesting conclusion: that the mobility of small and large denominations is different. The long-term behaviour of the mixing process is studied using a simple deterministic model and data from Germany, France and the Netherlands. The analysis leads to predictions about the future progress of the mixing process.
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Keywords: Euro coins; mixing process; prediction; rate model; spread of coins

Document Type: Research Article

Affiliations: Institut für Stochastik, TU Bergakademie Freiberg, Germany

Publication date: March 1, 2004

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