首页    期刊浏览 2025年04月22日 星期二
登录注册

文章基本信息

  • 标题:IS CROATIA READY FOR THE EMU?: AN EX ANTE ANALYSIS OF NOMINAL AND REAL CONVERGENCE
  • 本地全文:下载
  • 作者:Derado, Dražen ; Mlikota, Antonela
  • 期刊名称:Economic thought and practice
  • 印刷版ISSN:1330-1039
  • 出版年度:2007
  • 期号:2
  • 页码:113-146
  • 出版社:University of Dubrovnik
  • 摘要: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.
  • 关键词:Key words: optimum currency area; exchange rate; trade integration; EMU; Croatia
国家哲学社会科学文献中心版权所有