The Speed of Euro Adoption

Francesco Columba

MPRA Paper from University Library of Munich, Germany

Abstract: This paper estimates the speed and determinants of euro adoption across Italian provinces by exploiting the natural experiment in early 2002 when euro and lira dually circulated as legal tender. A unique data set with daily observations on the net flows of euro banknotes from the branches of the Bank of Italy, province by province, is used. The speed of euro adoption differs according to the availability of transaction technology and demographic characteristics. Lessons for countries adopting a new currency are obtained.

Keywords: currency; euro; financial innovation; monetary transition (search for similar items in EconPapers)
JEL-codes: E42 E51 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-eec, nep-ifn, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/5547/1/MPRA_paper_5547.pdf original version (application/pdf)

Related works:
Journal Article: The speed of euro adoption (2008)
Working Paper: Speed of euro adoption (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:5547

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().