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Currency movements within and outside a currency union: The case of Germany and the euro area

  • In this paper, we analyse the volume of euro banknotes issued by Germany within the euro area with several seasonal methods. We draw a distinction between movements within Germany, circulation outside Germany but within the euro area and demand from non-euro-area countries. Our approach suggests that only about 20% of euro notes issued by Germany are used for transactions in Germany. The rest is hoarded (10%), circulates in other euro area countries (25%) or is held outside the euro area (45%).

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Metadaten
Author:Nikolaus Bartzsch, Gerhard RöslGND, Franz Seitz
DOI:https://doi.org/10.1016/j.qref.2013.05.008
Parent Title (English):Quarterly Review of Economics and Finance
Publisher:Elsevier
Document Type:Article
Language:English
Year of first Publication:2013
Release Date:2022/12/03
Volume:53
Issue:4
First Page:393
Last Page:401
Institutes:Fakultät Betriebswirtschaft
research focus:Lebenswissenschaften und Ethik
Licence (German):Keine Lizenz - Es gilt das deutsche Urheberrecht: § 53 UrhG