Statistical analysis and modelling of the mixing process of Euro coins in Germany and Europe

Statistical analysis and modelling of the mixing process of Euro coins in Germany and Europe

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Article ID: iaor20051387
Country: Australia
Volume: 46
Issue: 1
Start Page Number: 67
End Page Number: 77
Publication Date: Jan 2004
Journal: Australian and New Zealand Journal of Statistics
Authors: , ,
Keywords: statistics: general
Abstract:

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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