2014–15 Baltic Basketball League 2014–15 Baltic Basketball League The 2014–15 Baltic Basketball League was the 11th season of the Baltic Basketball League. This season’s competition included 8 teams from Estonia, 6 each from Latvia and Lithuania, and one team apiece representing Finland and Russia. For the regular season the teams were divided into three groups and competed in a round-robin competition system, with each team facing their opponent twice. Top four teams of each group and the best fifth placed team qualified for the eight-finals. The three teams who participated in FIBA EuroChallenge and Eurocup competitions – Šiauliai, Tartu Ülikool/Rock and Ventspils – begin
Currency substitution displaced by a stable currency. At the beginning of this process, the store-of-value function of the domestic currency is replaced by the foreign currency. Then, the unit-of-account function of the domestic currency is displaced when many prices are quoted in a foreign currency. A prolonged period of high inflation will induce the domestic currency to lose its function as medium of exchange when the public carries out many transactions in foreign currency. Ize and Levy-Yeyati (1998) examine the determinants of deposit and credit currency substitution, concluding that currency substitution is driven by the volatility of inflation and the real exchange