A Micro Level Perspective of Euroization in Albania
AbstractThis research investigates what drives the euroization in Albania. By using survey data collected in one of the main Albanian cities, we find that factors like remittances, financial literacy, perception of high inflation and trust in financial system play an important role in the extent of euroization together with the experience of past events. Factors related to the future, such as the expectation on the exchange rate fluctuations, seem to not be correlated with the extent of euroization. As regards the current Eurozone crisis, its impact on euroization results to be mediated by the (mis)trust in EURO rather than local currency.
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Bibliographic InfoPaper provided by The Vienna Institute for International Economic Studies, wiiw in its series wiiw Balkan Observatory Working Papers with number 109.
Date of creation: Feb 2013
Date of revision:
Publication status: Published as wiiw Balkan Observatory Working Paper
Find related papers by JEL classification:
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-29 (All new papers)
- NEP-EEC-2014-04-29 (European Economics)
- NEP-MAC-2014-04-29 (Macroeconomics)
- NEP-MON-2014-04-29 (Monetary Economics)
- NEP-TRA-2014-04-29 (Transition Economics)
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