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How are reduced interest rate differentials affecting euroization in Southeastern Europe? Evidence from the OeNB Euro Survey

Scheiber, Thomas; Wörz, Julia - In: Focus on European economic integration (2018) 1, pp. 48-60

Persistent link: https://www.econbiz.de/10012193256

A present value concept for measuring welfare

Rösl, Gerhard - 2024

We create an alternative version of the present utility value formula to explicitly show that every store-of-value in the economy bears utility-interest (non-pecuniary income) for its holder regardless of possible interest earnings from financial markets. In addition, we generalize the...

Persistent link: https://www.econbiz.de/10014530150

Foreign currency borrowing : the case of Hungary

Pellényi, Gábor; Bilek, Péter - 2009

We use household survey data from Hungary to analyse the determinants of foreign currency (FX) borrowing. We do not find evidence that Hungarian FX borrowers are better educated, wealthier or more risk-loving than their peers. In fact, FX borrowing is a common phenomenon driven mostly by...

Persistent link: https://www.econbiz.de/10011387186

Why has the Euro been falling?

Sinn, Hans-Werner; Westermann, Frank - 2001

nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … Europe and to variations in the demand for black money balances in Europe as a whole. We reject the view that the strength of …

Persistent link: https://www.econbiz.de/10011398903

Why Has the Euro Been Falling?

Sinn, Hans-Werner; Westermann, Frank - 2021

Persistent link: https://www.econbiz.de/10013320908

The use of euro cash as a store of value in CESEE

Bittner, Marc; Scheiber, Thomas - In: Monetary policy & the economy : quarterly review of … (2022) 1/2, pp. 121-143

Persistent link: https://www.econbiz.de/10013531890

Ratchet effects in currency substitution : an application to Nigeria

Bawa, Sani; Omotosho, Babatunde S.; Doguwa, Sani I. - In: CBN journal of applied statistics 6 (2015) 2, pp. 19-37

This study examines the persistence of currency substitution in Nigeria by applying the Bounds testing approach to cointegration and including a ratchet variable in the estimated Autoregressive Distributed Lag (ARDL) model. Empirical results show that factors such as exchange rate risks,...

Persistent link: https://www.econbiz.de/10011460447

Currency substitution : evidence from Nigeria

Doguwa, Sani I. - In: CBN journal of applied statistics 5 (2014) 2, pp. 1-23

This paper examines the existence, causes and effects of currency substitution in Nigeria by estimating conventional money demand equations based on a partial adjustment and an autoregressive distributed lag models using three definitions of monetary aggregates. The behavior of the foreign...

Persistent link: https://www.econbiz.de/10011488762

Financial development and dollarization in Ghana : an empirical investigation

Tweneboah, George; Gatsi, John Garchie; Asamoah, … - In: Cogent economics & finance 7 (2019) 1, pp. 1-21

This study strengthens the frontiers of research on the drivers of dollarization in emerging economies by exploring the … 2002 to March 2016. The evidence suggests that dollarization shares a common stochastic trend with exchange rates … exchange rate depreciation and financial development in the evolution of dollarization. Whereas depreciation induces a switch …

Persistent link: https://www.econbiz.de/10014232353

The demand for currency substitution

Seater, John J. (contributor) - 2008

the model. Independent empirical work provides support for the theory. -- Currency substitution ; dollarization …

Persistent link: https://www.econbiz.de/10003773384