Households' foreign currency borrowing in Central and Eastern Europe

► We analyze foreign currency loans (FCL) of households in CEECs. ► We use survey data from nine countries on loan plans between 2007 and 2010. ► Despite the financial crisis, FCL play an important role in some CEECs. ► FCL are driven by households' lack of trust in the stability of the local currency. ► Remittances and expectations of euro adoption are important in selected regions.