We present new evidence on de facto euroization in eleven Central, Eastern and Southeastern European countries …€“mainly Central European– countries are low and economically insignificant. Evidently, high euroization bears various significant …

central bank responded by raising minimum reserve requirements a few times and by increasing its key monetary policy rates … the euro area, which will become operational in mid-2013. The gradual economic recovery in Central, Eastern and … months, prompting a number of central banks to raise their key monetary policy rates, thereby initiating a reversal from the …

time, both central banks decided to keep their key interest rates at a historically low level for the time being. By … contrast, China’s economy has lost momentum, prompting the Chinese central bank to start easing monetary policy. After the … deteriorated noticeably in the Central, Eastern and Southeastern European (CESEE) EU Member States until the turn of the year 2011 …

We present new evidence on de facto euroization in eleven Central, Eastern and Southeastern European countries … Central European– countries are low and economically insignificant. Evidently, high euroization bears various significant …