This paper investigates the determinants and dynamics of deposit euroization (DE) in 12 European post-transition economies based on threshold models. The results suggest that exchange rates and interest rate differentials are important for explaining DE. The results for the two countries with...

This paper investigates the long-run and short-run determinants of financial euroization (FE) using both linear and threshold models. We model deposit euroization (DE) and credit euroization (CE) in Croatia, a post-transition country recording very high and persistent unofficial FE. The results...

This paper investigates the determinants and dynamics of deposit euroization (DE) in twelve European post-transition economies using threshold models. The results suggest that exchange rates and interest rate differentials are important for explaining DE. The results for the two countries with...