engleski

The implication of development of European Monetary Union on Croatian economy

The development of the EMU is part of a general trend toward greater conomic and poltical integration of the European countries. The fundamental question implied by membership in a monetary union is whether the loss of monetary independence is likely to be more than compensated. The paper dicuses some key issues related to monetary and fiscal policies in monetary union.

the loss of monetary indepedence; monetary and fiscal policies in emu; convergence; the implications for Croatian economy

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