Proces zamjene hrvatske kune eurom i očekivani utjecaj na gospodarska kretanja
Replacement process of Croatian Kuna with Euro and expected impact on economic developments

Summary/Abstract: This paper presents the research on the operationalization flow of the replacement process of the Croatian kuna with the euro. Realistic possibilities for Croatia to fulfill the mandatory criteria of nominal convergence are identified. The aim of this paper is to confirm the hypothesis that adoption of euro will have a positive impact on the standard of living of Croatian citizens, on the business of companies and on macroeconomic indicators. In the research, secondary sources were used as well as official publications, online sources, and in generating of research conclusions, the methods of comparison, synthesis, and induction were used. Research results include the following conclusions: a realistic possibility that Croatia will fulfill all criteria of nominal convergence and subsequently join the euro area in 2023. The advantages which adoption of the euro will bring to Croatia include: a slight growth of prices, elimination of currency risk, reduction of cost of borrowing, stimulation of international exchange and foreign investment, and faster economic growth.

• Details
• Contents