hrcak mascot   Srce   HID

Prethodno priopćenje

The Dynamics of Deposit Euroization in European Post-transition Countries: Evidence from Threshold VAR

Marina Tkalec

Puni tekst: engleski, pdf (425 KB) str. 5-37 preuzimanja: 174* citiraj
APA 6th Edition
Tkalec, M. (2011). The Dynamics of Deposit Euroization in European Post-transition Countries: Evidence from Threshold VAR. Radni materijali EIZ-a, (2), 5-37. Preuzeto s https://hrcak.srce.hr/74642
MLA 8th Edition
Tkalec, Marina. "The Dynamics of Deposit Euroization in European Post-transition Countries: Evidence from Threshold VAR." Radni materijali EIZ-a, vol. , br. 2, 2011, str. 5-37. https://hrcak.srce.hr/74642. Citirano 07.12.2019.
Chicago 17th Edition
Tkalec, Marina. "The Dynamics of Deposit Euroization in European Post-transition Countries: Evidence from Threshold VAR." Radni materijali EIZ-a , br. 2 (2011): 5-37. https://hrcak.srce.hr/74642
Harvard
Tkalec, M. (2011). 'The Dynamics of Deposit Euroization in European Post-transition Countries: Evidence from Threshold VAR', Radni materijali EIZ-a, (2), str. 5-37. Preuzeto s: https://hrcak.srce.hr/74642 (Datum pristupa: 07.12.2019.)
Vancouver
Tkalec M. The Dynamics of Deposit Euroization in European Post-transition Countries: Evidence from Threshold VAR. Radni materijali EIZ-a [Internet]. 2011 [pristupljeno 07.12.2019.];(2):5-37. Dostupno na: https://hrcak.srce.hr/74642
IEEE
M. Tkalec, "The Dynamics of Deposit Euroization in European Post-transition Countries: Evidence from Threshold VAR", Radni materijali EIZ-a, vol., br. 2, str. 5-37, 2011. [Online]. Dostupno na: https://hrcak.srce.hr/74642. [Citirano: 07.12.2019.]

Sažetak
This paper investigates determinants of deposit euroization (DE) in twelve European posttransition economies using both linear and threshold models. Results suggest that exchange rates and interest rate differentials are important for explaining DE. Results for the two countries with the highest macroeconomic and institutional credibility and flexible exchange rate regimes, the Czech Republic and Poland, suggest no evidence of threshold effects, while for other countries threshold behavior was found. Threshold VAR results indicate depreciations have a stronger effect on DE than appreciations, while interest rate spreads widen more after exchange rate depreciations than after appreciations. Moreover, we found evidence that DE changes more strongly after interest rate differentials increase than after they decrease.

Ključne riječi
cointegration; deposit euroization; transition; threshold VAR

Hrčak ID: 74642

URI
https://hrcak.srce.hr/74642

[hrvatski]

Posjeta: 360 *