Naslov
All action, no talk? Determining euro’s political salience in Croatia

Autori
Grdović Gnip, Ana ; Božina Beroš, Marta ; Bajakić, Ivana

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni

Skup
Međunarodna znanstvena konferencija: “EU Financial Regulation and Markets: Beyond Fragmentation and Differentiation”

Mjesto i datum
Zagreb, Hrvatska, 26.11.2020. - 27.11.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Podatak o recenziji nije dostupan

Ključne riječi
Euro Strategy, ERM II, Croatia

Sažetak
The participation in the European Exchange Rate Mechanism (ERM II) in July 2020, marked the beginning of the final phase of Croatia’s accession to the euro area. Besides its political significance, this development substantially impacts Croatia’s economic and monetary sovereignty. For instance, for at least the next two years the country will undergo strict monitoring and scrutiny in terms of real compliance with the Maastricht convergence criteria. Because of its multifaceted implications this step should have been complemented by equally important debates and discussions about Croatia’s “euro status” between policymakers and the academia, prior as well as after July 2020. Surprisingly, it seems that the ERM II participation has passed (almost) unnoticed. Against this backdrop, our study inspects the political reflections on euro adoption that took place in the Croatian parliament since January 2019 until September 2020 (included). By scrutinizing a total of 788 parliamentary debates we present a review on the position and salience on the euro and euro-related topics across Croatian parliamentarians. Our results indicate that euro and euro adoption as topics had, and still have, very low salience among Croatian politicians, especially in the period prior to the ERM II accession when these topics are almost non- existent. Moreover, the sentiment toward euro as a common European currency results to be merely negative across the opposition with the discussion often echoing potentially negative aspects of its potential introduction. Finally, we suggest that the surprising detachment of parliamentary representatives from euro-related topics comes in stark contrast with the government’s energetic take toward a fast-track euro accession that we observe in 2019 and 2020, which is best illustrated by the complete lack of critical reflection of the government’s 2019 “Euro strategy”.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Pravo

POVEZANOST RADA