Effects of Different Currencies and Exchange Rate Regimes in Post-Yugoslav Countries during the Global Financial and Economic Crisis
AbstractThe paper examines the national currencies and their exchange rate regimes in the successor countries of the Socialist Federal Republic of Yugoslavia, which experienced a shift from an optimum currency area to a variety of national currencies. The effects of the existence of several national currencies and of sharing a single currency both unilaterally, and officially, on trade in the region are evaluated. The role of the national currencies and exchange rate regimes in regional economic links are elaborated. Channels through which the substantial instability and excess volatility, as well as the de facto euroization are influencing the banking sectors during the global financial and economic crisis are discussed.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.
Volume (Year): (2011)
Issue (Month): 2 ()
Find related papers by JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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NBER Working Papers
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- Angelos Kotios, 2002. "Southeastern Europe and the Euro Area: The Euroization Debate," Eastern European Economics, M.E. Sharpe, Inc., vol. 40(6), pages 24-50, November.
- Helmut Stix, 2008. "Euroization: What Factors drive its Persistence?," Working Papers 140, Oesterreichische Nationalbank (Austrian Central Bank).
- Paul Grauwe & Gunther Schnabl, 2004. "EMU entry strategies for the new member states," Intereconomics: Review of European Economic Policy, Springer, vol. 39(5), pages 241-246, September.
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