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Reflections on Croatia's Accession to the Euro Area

Author

Listed:
  • Adina Criste

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romania)

  • Iulia Lupu

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romania)

Abstract

Accession to the Economic and Monetary Union, although a historical process, is always a current and dynamic one, its challenges being each time complex and distinct due to the different circumstances in which this event occurs. The article's objective is to identify the degree of fulfilment of the nominal economic convergence criteria for Croatia and the potential effects generated by its accession to the Euro Area. Our results show that over the last two years, Croatia has fulfilled three of the five nominal economic convergence criteria, with inflation and public debt being the indicators exceeding the reference values. Based on the analysis, some challenges are identified that can become subjects for future research.

Suggested Citation

  • Adina Criste & Iulia Lupu, 2023. "Reflections on Croatia's Accession to the Euro Area," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 70-76, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:70-76
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%201%20and%202/10.pdf
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    References listed on IDEAS

    as
    1. CRISTE, Adina, 2018. "Monetary Integration Beyond Theory-Euro Area Practical Achievements," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 22(4), pages 6-24, December.
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      More about this item

      Keywords

      European integration; nominal economic convergence; inflation reference value;
      All these keywords.

      JEL classification:

      • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
      • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
      • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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