Euroization in Central, Eastern and Southeastern Europe – First Results from the New OeNB Euro Survey

Sandra Dvorsky (), Thomas Scheiber () and Helmut Stix
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Sandra Dvorsky: Oesterreichische Nationalbank, European Affairs and International Financial Organizations Divison, http://www.oenb.at
Thomas Scheiber: Oesterreichische Nationalbank, Foreign Research Division, http://www.oenb.at

Focus on European Economic Integration, 2008, issue 1, 48-60

Abstract: This article presents the main results of a new OeNB survey on foreign currency holdings, which was conducted for the first time in late 2007 in four Central and Eastern European (CEE) as well as seven Southeastern European (SEE) countries. The most important questions asked in the survey pertain to the currency composition and the amounts of foreign currency cash holdings and foreign currency deposits as well as to the motives for holding foreign currency cash and deposits. The authors conclude that the euro plays a dominant role in foreign currency-denominated assets (both cash and deposits) throughout the region.

Date: 2008
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