Event

kalender

Conference on European Economic Integration (CEEI) 2017

November 20 and 21, 2017
Vienna Marriott Hotel
Parkring 12a, 1010 Vienna, Austria

Publications

magazines

Currency substitution in CESEE: why do households prefer euro payments?

This paper uses microdata from 2014 to examine the determinants of currency substitution in Central, Eastern and Southeastern European (CESEE) countries. To analyze the hysteresis of euroization in these countries, we combine the standard search-theoretic model of money demand with recent findings on the preference of CESEE households for saving in cash as well as with aspects of economic geography.

Publications

Magazines

BOFIT Policy Brief 11/2016

Considerations on new Rosstat data on the contribution of Russia’s military goods sector to GDP growth in recent years