The money demand and the loss of interest for the euro in Romania

Claudiu Albulescu () and Dominique Pépin ()

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Abstract: We generalize a money demand micro-founded model to explain Romanians' recent loss of interest for the euro. We show that the reason behind this loss of interest is a severe decline in the relative degree of the euro liquidity against that of the Romanian leu.

Keywords: open economy model; money demand; currency substitution; Romania (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-mac and nep-mon
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Published in Applied Economics Letters, 2019, 26 (3), pp.196-201. ⟨10.1080/13504851.2018.1456645⟩

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Journal Article: The money demand and the loss of interest for the euro in Romania (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01361214

DOI: 10.1080/13504851.2018.1456645

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