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220928 ||| eng |
| 020 |
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|a 9781484345269
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| 100 |
1 |
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|a Geng, Nan
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| 245 |
0 |
0 |
|a Carry Trade vs. Deposit-Driven Euroization
|c Nan Geng, Tiberiu Scutaru, Johannes Wiegand
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2018
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| 300 |
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|a 29 pages
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| 651 |
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4 |
|a Hungary
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| 653 |
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|a Finance, Public
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| 653 |
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|a Currency mismatches
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| 653 |
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|a Public Administration
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| 653 |
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|a Payment Systems
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Banks and banking
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| 653 |
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|a Regimes
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| 653 |
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|a Financial statements
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| 653 |
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|a Financial sector policy and analysis
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| 653 |
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|a Mortgages
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| 653 |
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|a Money
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Standards
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| 653 |
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|a Financial risk management
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| 653 |
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|a Accounting
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| 653 |
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|a Public Sector Accounting and Audits
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| 653 |
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|a Currencies
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| 653 |
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|a Public financial management (PFM)
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| 653 |
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|a Banking
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| 653 |
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|a Financial reporting, financial statements
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| 653 |
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|a Investment Decisions
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| 653 |
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|a Foreign exchange
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Government and the Monetary System
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| 653 |
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|a Monetary economics
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| 653 |
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|a Financial institutions
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Currency
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| 653 |
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|a Size Distribution of Firms
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| 653 |
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|a Loans
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Monetary Systems
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Finance: General
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| 653 |
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|a Portfolio Choice
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| 653 |
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|a Production, Pricing, and Market Structure
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| 700 |
1 |
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|a Scutaru, Tiberiu
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| 700 |
1 |
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|a Wiegand, Johannes
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
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|a 10.5089/9781484345269.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2018/058/001.2018.issue-058-en.xml?cid=45686-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Financial “euroization”—or “dollarization” outside of Central and Eastern Europe—is typically analyzed as a singular phenomenon that can be traced to a common set of factors. This paper argues that two types of euroization need to be distinguished, which have different causes, economic consequences, and policy implications: carry trade euroization that emerges when households and corporations seek to exploit interest rate differentials between foreign currency loans and local currency deposits, and deposit-driven euroization that is rooted in distrust in the local currency as a savings vehicle. We present a theoretical framework that sketches key features of both euroization types, and test it with data from 28 Emerging European and Central Asian economies
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