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What drives cash demand? Transactional and residual cash demand in selected countries
Sisak, Balázs - 2011
, legal cash demand can be explained by transactional and saving motives (hoarding). We apply both direct calculation and an … hoarding and illegal cash demand) of several Central European and Western countries that have their own currency (did not … introduce euro). We find that transactional cash demand is strongly influenced by the level of improvement of the payment system …
Persistent link: https://www.econbiz.de/10009410439
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The Dynamics of Currency Substitution, Asset Substitution and De Facto Dollarization and Euroization in Transition Countries
Feige, Edgar L. - 2019
This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries. Estimates of the amount of foreign currency in circulation (FCC) in transition countries are used to develop a new comprehensive dollarization index (CDI) and separate indices...
Persistent link: https://www.econbiz.de/10012868965
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Exchange Rate Volatility and Growth in Small Open Economies at the EMU Periphery
Schnabl, Gunther - 2008
Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …
Persistent link: https://www.econbiz.de/10012773503
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Essays on European integration
Kolev, Galina V. - 2014
Persistent link: https://www.econbiz.de/10010381615
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Exchange rate arrangements in the run-up to the EMU : some experience in currency board countries
Kielyte, Julda - 2002
Since the beginning of the transition process from centrally planed to market economies, East European countries have experienced relatively high inflation and a market depreciation of their currency. Their monetary systems have gone through dramatic changes in the recent ten years, making the...
Persistent link: https://www.econbiz.de/10011511064
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The eastward enlargement of the eurozone trade and FDI
Caetano, José Manuel; Galego, Aurora; Vaz, E.; Vieira, … - 2002
The objective of this study is to examine recent developments in trade and FDI flows between the EU and the CEEC, trying to anticipate future consequences from the economic integration of the two blocks. Economic theory suggests that integration conveys positive effects upon welfare, due to the...
Persistent link: https://www.econbiz.de/10002190198
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Monetary and fiscal policy related issues : regional input Poland
Żukrowska, Katarzyna (contributor);  … - 2003
Such an exceptional event as the creation of the EMU and the euro has not had happened never before. The most common … challenges concerning EMU and the euro are: fiscal policy making, monetary policy making, euro area being a non-optimal currency … what are the chances for the euro to preserve its influence and to combat inflation after accession of ten new member …
Persistent link: https://www.econbiz.de/10002612492
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Implications of Emu for Exchange Rate Policy in Central and Eastern Europe
Kopits, George - 2021
, financial system soundness) for ERM2, each candidate should be able to shadow the euro, with sufficient flexibility around the …
Persistent link: https://www.econbiz.de/10013317738
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EMU Enlargement and Central Bank Independence : Which Concept of Convergence to Apply?
Freytag, Andreas - 2008
EMU enlargement not only depends on the individual state of convergence of the accession candidates, but also on their political situation. Therefore, we argue that institutional convergence, in particular monetary policy binding, is equally - if not more - important for successful monetary...
Persistent link: https://www.econbiz.de/10014218116