Prethodno priopćenje
MONETARY SOVEREIGNTY IN CONTEXT OF EUROPEAN INTEGRATIONS Comparative Study upon a Student Population in Croatia and Bosnia and Herzegovina
Gordana Kordić
Igor Živko
Sažetak
Monetary sovereignty allows control over national monetary policy, exchange rate and currency
circulation and is a sign of national central banks’ independence. It is an instrument for fulfilling
national economy goals and, especially in small countries, is an ultimate part of national sovereignty
(like the hymn or national flag).
On the other hand, the process of (European) monetary unification requires from member
countries to transfer their national sovereignty to a supranational level. The monetary policy than
becomes a “one-size-fits-all” and is oriented towards common goals, putting national interests to the
second place. The common opinion, especially in transition countries, is that entering European
economic and monetary union is their final and ultimate goal that requires long term, committed
fulfilling of rigorous criteria. But, the recent crises throughout European monetary union can be
discouraging for accession countries, while the common monetary policy is confronting serious
difficulties.
This paper analyses recognition on monetary sovereignty in context of European integrations on a
sample of student population for the final years of undergraduate study at Faculties of Economics and
Business in Zagreb (Croatia) and Mostar (Bosnia and Herzegovina). Our aim was to explore their
perception of both monetary sovereignty and European integrations in turbulent circumstances of
global financial crisis. The study was based on a questionnaire and, oriented primary to the
qualitative explanations, included also the ranking of given (dis)advantages of the sovereignty and
integrations on a given scale.
Ključne riječi
sovereignty; monetary policy; Croatia; Bosnia and Herzegovina
Hrčak ID:
67751
URI
Datum izdavanja:
1.3.2011.
Posjeta: 1.896 *