engleski

Reboosting European Convergence after COVID-19: The Case of Croatia’s Monetary Integration

Croatia, a high-income emerging economy, is still facing important economic, social and political transition challenges. As the newest EU Member State, Croatia’s most significant challenge now is to balance the recovery from the COVID-19 crises and undertake the last steps toward the full integration into the Economic and Monetary Union. Therefore, we discuss the context of Croatia’s path toward the EU and EMU, and we analyse the data which highlights how Croatia manages its nominal and real convergence. Although it looks like the introduction of the euro was most likely to occur before the outbreak of the COVID-19 pandemic, currently Croatia might either postpone the use of the euro or it may face additional economic and social pressure if it does switch to the single currency during the recovery period.

Croatia, nominal convergence, euro, real convergence

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