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IS CROATIA READY FOR THE EMU?: AN EX ANTE ANALYSIS OF NOMINAL AND REAL CONVERGENCE

Dražen Derado ; Faculty of Economics, University of Split, Split, Croatia
Antonela Mlikota ; MICRO project d.o.o., Stobreč, Hrvatska

Puni tekst: engleski, pdf (829 KB) str. 113-146 preuzimanja: 979* citiraj
APA 6th Edition
Derado, D. i Mlikota, A. (2007). IS CROATIA READY FOR THE EMU?: AN EX ANTE ANALYSIS OF NOMINAL AND REAL CONVERGENCE. Ekonomska misao i praksa, (2), 113-146. Preuzeto s https://hrcak.srce.hr/21278
MLA 8th Edition
Derado, Dražen i Antonela Mlikota. "IS CROATIA READY FOR THE EMU?: AN EX ANTE ANALYSIS OF NOMINAL AND REAL CONVERGENCE." Ekonomska misao i praksa, vol. , br. 2, 2007, str. 113-146. https://hrcak.srce.hr/21278. Citirano 06.05.2021.
Chicago 17th Edition
Derado, Dražen i Antonela Mlikota. "IS CROATIA READY FOR THE EMU?: AN EX ANTE ANALYSIS OF NOMINAL AND REAL CONVERGENCE." Ekonomska misao i praksa , br. 2 (2007): 113-146. https://hrcak.srce.hr/21278
Harvard
Derado, D., i Mlikota, A. (2007). 'IS CROATIA READY FOR THE EMU?: AN EX ANTE ANALYSIS OF NOMINAL AND REAL CONVERGENCE', Ekonomska misao i praksa, (2), str. 113-146. Preuzeto s: https://hrcak.srce.hr/21278 (Datum pristupa: 06.05.2021.)
Vancouver
Derado D, Mlikota A. IS CROATIA READY FOR THE EMU?: AN EX ANTE ANALYSIS OF NOMINAL AND REAL CONVERGENCE. Ekonomska misao i praksa [Internet]. 2007 [pristupljeno 06.05.2021.];(2):113-146. Dostupno na: https://hrcak.srce.hr/21278
IEEE
D. Derado i A. Mlikota, "IS CROATIA READY FOR THE EMU?: AN EX ANTE ANALYSIS OF NOMINAL AND REAL CONVERGENCE", Ekonomska misao i praksa, vol., br. 2, str. 113-146, 2007. [Online]. Dostupno na: https://hrcak.srce.hr/21278. [Citirano: 06.05.2021.]

Sažetak
Abstract
The EU-enlargement and the advanced process of economic integration have brought attention to monetary integration and the conditions for its successful functioning. The main theoretical framework of the analysis – the OCA-theory – foresees three main requirements for that – mobility of production factors, fiscal solidarity and trade integration. Although not theoretically founded, the Maastricht criteria of price and exchange rate stability, balanced public finance and long-term interest rates should contribute to successful monetary integration in the EU which faces inter-regional differences in the level of development and the possibility of external shocks. The analysis of nominal convergence shows that Croatia approaches the reference values of the EU and achieves a high degree of macroeconomic stability. However, it lags behind the successful new EU-member states in respect of trade integration and production structure similarity which can be regarded as important indicators of the long-term advantages of monetary integration.

Ključne riječi
optimum currency area; exchange rate; trade integration; EMU; Croatia

Hrčak ID: 21278

URI
https://hrcak.srce.hr/21278

[hrvatski]

Posjeta: 1.757 *