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Eurodynamics in the Netherlands: results of the seventh DNB euro survey

Author

Listed:
  • K.F. Roszbach
  • A.C.J. Stokman

Abstract

This survey, which was conducted in September 1998, shows that the degree of acceptance of the Euro has grown to 78% among the public and 94% among businesses. Merely a quarter of the public is aware, however, of the starting year of the EMU, compared to 70% among large enterprises and 40 % among small businesses. The once-only costs for private enterprises, excluding banks, are estimated to be dfl. 5 bn. When compared with the direct benefits, these imply an average payback period of 2-21/2 years. For retail businesses and the commercial services industry this period is approximately twice as long. Furthermore, a large majority of the public expects it to be possible to continue paying with guilders for a while after the introduction of Euro notes and coins in 2002. But people are willing to facilitate the transition by an extra trip to the bank or by buying Euro coins in advance.

Suggested Citation

  • K.F. Roszbach & A.C.J. Stokman, 1998. "Eurodynamics in the Netherlands: results of the seventh DNB euro survey," WO Research Memoranda (discontinued) 563, Netherlands Central Bank, Research Department.
  • Handle: RePEc:dnb:wormem:563
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    More about this item

    Keywords

    Euro; EMU; survey; acceptance; knowledge; preparations; costs.;

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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