2 papers
q-fin.GN2016
The loss of interest for the euro in Romania
Claudiu Albulescu, Dominique Pépin
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 declin…
q-fin.CP2014
A re-examination of real interest parity in CEECs using old and new generations of panel unit root tests
Claudiu Tiberiu Albulescu, Dominique Pepin, Aviral Kumar Tiwari
This study applies old and new generations of panel unit root tests to test the validity of long-run real interest rate parity (RIP) hypothesis for ten Central and Eastern European…