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

Maja Bukovšak (), Andrijana Ćudina () and Nina Pavić ()
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Maja Bukovšak: Croatian National Bank
Andrijana Ćudina: Croatian National Bank
Nina Pavić: Croatian National Bank

No 26, Surveys from The Croatian National Bank, Croatia

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.

Keywords: euro; trade in goods; tourism; foreign investment; Croatia (search for similar items in EconPapers)
JEL-codes: F14 F15 F4 L83 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2017-10
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Citations: View citations in EconPapers (1)

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