Euroisation/dollarisation - the replacement of the domestic currency by a foreign currency, mostly the US dollar or the euro - has regained significant popularity in recent years, as it is generally regarded as a viable "corner solution" for exchange rate regimes. Part of its attractiveness is...

This paper details the methodological framework underlying the construction of the effective exchange rate (EER) indicators of the euro. This framework yields two sets of indicators: (i) one nominal and several real EER indices against a narrow reference group of euro area trading partners based...

Official and unilateral dollarisation/euroisation has become a common policy advice for emerging market economies. Against this background, the paper provides a comprehensive review of all the main cases of dollarisation/euroisation, analysing motives, features and policy implications of this...

This paper reviews the strategies announced by the ten countries joining the European Union in May 2004 with regard to their intentions for participation in ERM II and the adoption of the euro. The paper examines the economic rationale of the monetary integration strategies declared by most...

This paper details the methodological framework underlying the construction of the effective exchange rate (EER) indicators of the euro. This framework yields two sets of indicators - (i) one nominal and several real EER indices against a narrow reference group of euro area trading partners...