Article ID Journal Published Year Pages File Type
5089413 Journal of Banking & Finance 2013 18 Pages PDF
Abstract
► 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.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Households' foreign currency borrowing in Central and Eastern Europe
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