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The loss of interest for the euro in Romania

Claudiu Albulescu () and Dominique P\'epin
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Dominique P\'epin: CRIEF

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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.

Date: 2016-09
New Economics Papers: this item is included in nep-eec, nep-mon and nep-tra
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