A Micro Level Perspective of Euroization in Albania
By: Narazani, Edlira.
Material type:
BookSeries: wiiw Balkan Observatory Working Papers: 109Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2013Subject(s): Euroization | currency substitution | survey data | eurozone crisisCountries covered: AlbaniaClassification: E41 | E50 | D14 | C83 Online resources: Click here to access online Summary: This 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.
| Cover image | Item type | Current library | Home library | Collection | Shelving location | Call number | Materials specified | Vol info | URL | Copy number | Status | Notes | Date due | Barcode | Item holds | Item hold queue priority | Course reserves | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Paper | WIIW Library | 109 (Browse shelf(Opens below)) | Available | 1000010003177 |
This 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.
Click on an image to view it in the image viewer