Naslov
Unofficial euroisation as a push factor towards EMU membership

Autori
Šimić, Vladimir

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings - 8th International Conference "Economic integrations, competition and cooperation" / Kandžija, Vinko, Kumar, Andrej - Rijeka : University of Rijeka, Faculty of Economics Rijeka, 2011, 1-15

ISBN
978-953-7813-04-8

Skup
8th International Conference "Economic integrations, competition and cooperation"

Mjesto i datum
Opatija, Hrvatska, 06.04.2011. - 09.04.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
unofficial euroisation; EMU; monetary policy and exchange rate policy; currency mismatches

Sažetak
Unofficial euroisation is explored in this paper as a push factor towards EMU membership. The paper investigates the presence of foreign currency alongside the domestic currency in the economy and its consequences regarding the conduct of monetary and exchange rate policy. Investigation of the euroisation phenomenon reveals that the level of euroisation in Croatia is the highest of all transition economies in Central and Eastern Europe. In addition, this study demonstrates a strong presence of sectoral currency mismatches in Croatia and warns about the associated exchange rate risks. In this environment the paper establishes a reduced effectiveness of monetary policy and the dangerous balance sheet effects that may arise from the depreciation of the domestic currency. Given the above conclusions the euro introduction in Croatia may be seen as a desirable option.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA