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The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct Investments

Maja Bukovšak orcid id ; Croatian National Bank
Andrijana Ćudina ; Croatian National Bank
Nina Pavić orcid id ; Croatian National Bank

Full text: croatian pdf 560 Kb

page 95-128

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This paper presents the results of selected empirical research on the euro's effect on trade, foreign direct investment, and tourism by giving a brief analytical overview of the developments in individual euro area countries, particularly newer member states and tourist destinations. Based on that, and taking into account Croatia's close ties to the euro area, we estimate that the introduction of the euro, due to lower transaction costs, easier price comparison, and currency risk reduction, might provide a small boost to Croatian trade in goods and services, particularly in tourism, and encourage foreign investment.


euro; trade in goods; tourism; foreign direct investment; Croatia

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Article data in other languages: croatian

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