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The speed of euro adoption

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  • Columba, Francesco

Abstract

This paper estimates the speed and determinants of euro adoption across Italian provinces by exploiting the natural experiment in early 2002 when euro and lira dually circulated as legal tender. A unique data set with daily observations on the net flows of euro banknotes from the branches of the Bank of Italy, province by province, is used. The speed of euro adoption differs according to the availability of transaction technology and demographic characteristics. Lessons for countries adopting a new currency are obtained.

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File URL: http://www.sciencedirect.com/science/article/B6V9S-4RDS3VV-1/1/01ec07bf58361e2a8789701015bc4c33
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Bibliographic Info

Article provided by Elsevier in its journal Journal of International Money and Finance.

Volume (Year): 27 (2008)
Issue (Month): 2 (March)
Pages: 249-259

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Handle: RePEc:eee:jimfin:v:27:y:2008:i:2:p:249-259

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Web page: http://www.elsevier.com/locate/inca/30443

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Cited by:
  1. Columba, Francesco, 2009. "Narrow money and transaction technology: new disaggregated evidence," MPRA Paper 12689, University Library of Munich, Germany.

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