Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/226109 
Year of Publication: 
2006
Series/Report no.: 
wiiw Balkan Observatory Working Papers No. 071
Publisher: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Abstract: 
In this paper, we present a new estimation of the euroisation level of the Albanian economy taking into account both foreign deposits and foreign currency in circulation. We implement a recent novel methodology to calculate foreign currency in circulation. It is found that the overall level of euroisation including this often unaccounted measure is approximately 45 percent of total money. We also try to investigate some of the implications the re-estimated level of euroisation has on the actual monetary policy and the future path towards EMU.
Subjects: 
euroisation
foreign currency in circulation
Albania
Document Type: 
Working Paper

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