Monetary and Financial Policies for ‘De-Euroization’ – A Case Study of Recent Croatian Experience
We analyze the impact of monetary and financial policies on the level of financial euroization in Croatia during 2002–2010. We find strong empirical evidence that these policies effectively helped reduce financial euroization in 2002–2007. During the financial crisis, some of the measures might have contributed to partial re-euroization in 2008–2009, but they ultimately paid off when judged against a wider set of criteria. Generalizing our results, it appears that in non-crisis periods monetary and financial policies can reduce financial euroization.
Year of publication: |
2012
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Authors: | Galac, Tomislav ; Kraft, Evan |
Published in: |
Comparative Economic Studies. - Palgrave Macmillan, ISSN 0888-7233. - Vol. 54.2012, 3, p. 443-470
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Publisher: |
Palgrave Macmillan |
Saved in:
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