Skip to main content
Have a personal or library account? Click to login
Determinants of Currency Substitution in Southeast European Countries Cover

Determinants of Currency Substitution in Southeast European Countries

Economic Themes
Volume 53 (2015): Issue 2 (June 2015)
By: ,  ,   and    
Open Access
|Apr 2016
References

References

  1. Arteta, C. (2002) “Exchange Rate Regimes and Financial Dollarization: Does Flexibility Reduce Bank Currency Mismatches?”, International Financial Discussion Paper, No. 738, Board of Governors of the Federal Reserve System.
    Open DOISearch in Google Scholar
  2. Balino, T., A. Bennett, and E. Borensztein (1999) “Monetary Policy in Dollarized Economies”, IMF Occasional Paper, No. 171.
    Search in Google Scholar
  3. Barajas, A., and A. Morales (2003) “Dollarization of Libilities: Beyond the Usual Suspects”, IMF Working Paper, No. 03/11.
    Search in Google Scholar
  4. Basso H. S., G. A. Calvo, and M. Jurgilas (2007) “Financial Dollarization: The Role of Banks and Interest Rates”, ECB Working Paper Series No. 748, ECB.
    Search in Google Scholar
  5. Calvo, A. G. and C. M. Reinhart (2002) “Fear of Floating”, Quarterly Journal of Economics, 117 (2): 379-408.
    Open DOISearch in Google Scholar
  6. Catao, L., and M. Terrones (2000) “Determinants of Dollarization: The Banking Side”, IMF Working Paper, No. 146.
    Search in Google Scholar
  7. Dragutinović Mitrović, R. (2005) “Ograničenja gravitacionog modela u ekonometrijskoj analizi spoljnotrgovinske razmene”, Economic Annals, 167 (3): 77-106.
    Open DOISearch in Google Scholar
  8. Feige, E.L. (2002) The Dynamics of Currency Substitution, Asset Substitution and De facto Dollarization and Euroization in Transition Countries, The Eight Dubrovnik Economic Conference: “Monetary Policy and Currency Substitution in the Emerging Markets”.
    Open DOISearch in Google Scholar
  9. IMF (2004) Albania: 2004 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility, Request for Extension of the Arrangement, and Financing Assurances Review-Staff Report, IMF Country Report.
    Search in Google Scholar
  10. IMF (2006) Albania: 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under Extended Arrangement, Request for Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review - Staff Report, IMF Country Report.
    Search in Google Scholar
  11. IMF (2008) Albania: 2008 Article IV Consultation, Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under Extended Arrangement, Financing Assurances Review, and Request for Modification of Performance Criteria - Staff Report, IMF Country Report.
    Search in Google Scholar
  12. IMF (2010) Albania: 2010 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  13. IMF (2011) Albania: 2011 Article IV Consultation: Staff Report, IMF Country Report.
    Search in Google Scholar
  14. IMF (2015) Albania: Second and Third Reviews under the Extended Arrangement and Request for Waiver for the Nonobservance of Performance Criterion, Waiver of Applicability of Performance Criteria, and Rephasing of Future Disbursements-Staff Report, IMF Country Report.
    Search in Google Scholar
  15. IMF (2005) Bosnia and Herzegovina: 2005 Article IV Consultation--Staff Report, IMF Country Report.
    Search in Google Scholar
  16. IMF (2007) Bosnia and Herzegovina: 2007 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  17. IMF (2008) Bosnia and Herzegovina: 2008 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bosnia and Herzegovina
    Search in Google Scholar
  18. IMF (2012) Bosnia and Herzegovina: 2012 Article IV Consultation and Request for Stand-By Arrangement-Staff Report, IMF Country Report.
    Search in Google Scholar
  19. IMF (2013) Bosnia and Herzegovina: Fourth Review Under the Stand-By Arrangement and Request for Modification and Waivers of Applicability of Performance Criteria, IMF Country Report.
    Search in Google Scholar
  20. IMF (2014) Bosnia and Herzegovina: Sixth and Seventh Reviews Under the Stand-By Arrangement and Requests for Augmentation of Access and Modification of Performance Criteria-Staff Report, IMF Country Report.
    Search in Google Scholar
  21. IMF (2006) Former Yugoslav Republic of Macedonia: 2006 Article IV Consultation-Staff Report, IMF Country Report.
    Search in Google Scholar
  22. IMF (2008) Former Yugoslav Republic of Macedonia: 2008 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  23. IMF (2009) Former Yugoslav Republic of Macedonia: Staff Report for the 2009 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  24. IMF (2011) Former Yugoslav Republic of Macedonia : Staff Report for the 2011 Article IV Consultation, IMF Country Report.
    Search in Google Scholar
  25. IMF (2014) Former Yugoslav Republic of Macedonia: 2014 Article IV Consultation and Third Post-Program Monitoring Discussions - Staff Report, IMF Country Report.
    Search in Google Scholar
  26. IMF (2015) Former Yugoslav Republic of Macedonia: Staff Report for the Fourth Review Under the Post Program Monitoring Discussions, IMF Country Report.
    Search in Google Scholar
  27. IMF (2006) Republic of Croatia: 2006 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  28. IMF (2008) Republic of Croatia: 2008 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  29. IMF (2010) Republic of Croatia: 2010 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  30. IMF (2011) Republic of Croatia : 2011 Article IV Consultation: Staff Report, IMF Country Report.
    Search in Google Scholar
  31. IMF (2012) Republic of Croatia : Staff Report for the 2012 Article IV Consultation. IMF Country Report.
    Search in Google Scholar
  32. IMF (2014) Republic of Croatia: 2014 Article IV Consultation-Staff Report, IMF Country Report.
    Search in Google Scholar
  33. IMF (2005) Serbia and Montenegro: 2005 Article IV Consultation Staff Report, Fifth Review Under the Extended Arrangement, Financing Assurances Review, and Request for Waiver of Nonobservance of Performance Criteria and Rephasing of Purchases-Staff Report, IMF Country Report.
    Search in Google Scholar
  34. IMF (2006) Republic of Serbia: 2006 Article IV Consultation and Post-Program Monitoring Discussions - Staff Report, IMF Country Report.
    Search in Google Scholar
  35. IMF (2007) Republic of Serbia: 2007 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  36. IMF (2010) Republic of Serbia: Staff Report for the 2010 Article IV Consultation, Third Review Under the Stand-By Arrangement, and Financing Assurances Review, IMF Country Report.
    Search in Google Scholar
  37. IMF (2013) Republic of Serbia : 2013 Article IV Consultation, IMF Country Report.
    Search in Google Scholar
  38. IMF (2014) Republic of Serbia: 2014 Article IV Consultation and Request for Stand-By Arrangement-Staff Report, IMF Country Report.
    Search in Google Scholar
  39. IMF (2006) Romania: 2006 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  40. IMF (2007) Romania: 2007 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  41. IMF (2008) Romania: 2008 Article IV Consultation - Staff Report, IMF Country Report.
    Search in Google Scholar
  42. IMF (2010) Romania - Staff Report for the 2010 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Requests for Modification and Waiver of Nonobservance of Performance Criteria-Staff Report, IMF Country Report.
    Search in Google Scholar
  43. IMF (2012) Romania: Staff Report for the 2012 Article IV Consultation, Sixth Review Under the Stand-By Arrangement, and Requests for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria, IMF Country Report.
    Search in Google Scholar
  44. IMF (2014) Romania: First and Second Reviews Under the Stand-By Arrangement and Request for Waiver of Nonobservance of a Performance Criterion, Modification of Program Conditionality, and Rephasing of the Availability Dates of Purchases - Staff Report, IMF Country Report.
    Search in Google Scholar
  45. IMF (2015) Romania: 2015 Article IV Consultation-Staff Report, IMF Country Report.
    Search in Google Scholar
  46. Ize A., and E. Levy-Yeyati (2003) “Financial Dollarization”, Journal of International Economics, Vol. 59: 323 - 347.
    Open DOISearch in Google Scholar
  47. Ize A., and E. Levy-Yeyati (2005) “Financial De-dollarization: Is It for Real?,” IMF Working Paper No. 05/187, International Monetary Fund, Washington.
    Open DOISearch in Google Scholar
  48. Ize A., and E. Parrado (2002) “Dollarization, Monetary Policy and the Pass-Through,” IMF Working Paper No. 02/188, International Monetary Fund, Washington.
    Open DOISearch in Google Scholar
  49. Ivković, A. (2011) “Dolarizacija i mogućnosti dedolarizacije finansijskog sistema”, Bankarstvo, Beograd.
    Search in Google Scholar
  50. Levy-Yeyati, E. (2003) Financial DeDollarization: Where Do We Stand?, Preliminary draft prepared for the Conference on "Financial De-Dollarizaton: Policy Options", (unpublished; Washington: InterAmerican Development Bank).
    Search in Google Scholar
  51. Luca, A., and I. Petrova, (2003) Credit Dollarization in Transition Economies: Is it Firms' or Banks' "Fault"?, Drexel University.
    Search in Google Scholar
  52. Marinković, S. (2009) “Measuring financial and liquidity risk in an economy with substituted currency”, in Challenges of the world economic crisis, Faculty of Economics, Niš.
    Search in Google Scholar
  53. Naceur, S. B. and M. Omran (2011) “The Effects of Bank Regulation, Competition, and Financial Reforms on Banks’ Performance”, Emerging Markets Review, 12, 1-20.
    Open DOISearch in Google Scholar
  54. Nicolo, G., P. Honohan, and A. Ize (2003) “Dollarization of the Banking System: Good or Bad?,” IMF Working Paper No. 03/146, International Monetary Fund, Washington.
    Open DOISearch in Google Scholar
  55. Reinhart M., S. Rogoff, and A. Savastano (2003) “Addicted to Dollars,” NBER Working Paper Series No. 10015, National Bureau of Economic Research, Cambridge, MA.
    Open DOISearch in Google Scholar
  56. Savastano, M.A. (1996) “Dollarization in Latin America: Recent Evidence and Some Policy Issues”, IMF Working Paper No. 96/4, International Monetary Fund, Washington.
    Open DOISearch in Google Scholar
DOI: https://doi.org/10.1515/ethemes-2015-0010 | Journal eISSN: 2217-3668 | Journal ISSN: 0353-8648
Journal RSS Feed
Language: English
Page range: 162 - 184
Submitted on: Apr 28, 2015
Accepted on: Jun 26, 2015
Published on: Apr 15, 2016
Published by: University of Niš, Faculty of Economics
In partnership with: Paradigm Publishing Services
Keywords:
currency substitution,
financial vulnerability,
inflation,
domestic currency depreciation,
capital inflow
Related subjects:
Business and economics,
Political economics,
Political economics, other

© 2016 Marina Pepić, Srđan Marinković, Ognjen Radović, Marko Malović, published by University of Niš, Faculty of Economics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Volume 53 (2015): Issue 2 (June 2015)
Previous article
Next article