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Adoption of the Euro in Croatia: Possible Effects on International Trade and Investments

Author

Listed:
  • Maja Bukovšak

    (Croatian National Bank)

  • Andrijana Ćudina

    (Croatian National Bank)

  • Nina Pavić

    (Croatian National Bank)

Abstract

This paper presents the results of selected empirical research on the euro's effect on trade, foreign investment and tourism, and gives a brief analytical overview of the developments in individual euro area countries, particularly newer member states and tourist destinations. Based on that, and taking into account Croatia's close ties to the euro area, we estimate that the introduction of the euro, due to lower transaction costs, easier price comparison and currency risk reduction, might provide a small boost to Croatian trade in goods and services, particularly in tourism, and encourage foreign investment.

Suggested Citation

  • Maja Bukovšak & Andrijana Ćudina & Nina Pavić, 2017. "Adoption of the Euro in Croatia: Possible Effects on International Trade and Investments," Surveys 26, The Croatian National Bank, Croatia.
    • Handle: RePEc:hnb:survey:26
    as

    Download full text from publisher

    File URL: http://www.hnb.hr/repec/hnb/wpaper/pdf/s-026.pdf
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    Citations

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    Cited by:

    1. Magdalena Vlahova-Veleva, 2020. "The Euro‘s effect on trade," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 26-45,46-65.

    More about this item

    Keywords

    euro; trade in goods; tourism; foreign investment; Croatia;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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