engleski

Essays on unofficial euroization in European transition economies

Three papers presented deal with euroization topics in Central and East European economies. The first paper measures the size of exchange rate shocks on different macroeconomic variables in partially euroized economies depending on the level of financial euroization. The second paper uses a disaggregated data set for one partially euroized country and focuses on the financial euroization of Croatian sectors and its impact on the sectoral performance. In the third paper we explain how financial euroization in a form of original sin affects yield spreads for sovereign bonds in different European transition economies.

euroization; transition; nonlinear; exchange rate

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