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Pregled bibliografske jedinice broj: 349083

Is Croatia ready for the EMU?: An ex ante analysis of nominal and real convergence


Derado, Dražen; Mlikota, Antonela
Is Croatia ready for the EMU?: An ex ante analysis of nominal and real convergence // Ekonomska misao i praksa, 16 (2007), 2; 113-146 (podatak o recenziji nije dostupan, članak, znanstveni)


Naslov
Is Croatia ready for the EMU?: An ex ante analysis of nominal and real convergence

Autori
Derado, Dražen ; Mlikota, Antonela

Izvornik
Ekonomska misao i praksa (1330-1039) 16 (2007), 2; 113-146

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

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

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekt / tema
055-0551207-0776 - Ekonomski identitet jadranskog prostora i europske integracije (Dražen Derado, )

Ustanove
Ekonomski fakultet, Split

Autor s matičnim brojem:
Dražen Derado, (220965)

Časopis indeksira:


  • EconLit


Uključenost u ostale bibliografske baze podataka:


  • Journal of Economic Literature
  • DOAJ - Directory of Open Acess Journals, Lund University, Lund