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Economics - Croatia joining the eurozone impact?

Hey, In 2023, croatia joined the eurozone. Does anyone know the impacts for croatia for joining the eurozone? Like what are the advantages and disadvantages for croatia? As i do think this would be useful to talk about in economic exam.
Thanks :smile:
Reply 1
off the top of my head:
+more resilience to currency shocks
+encouraging tourism from other eurozone countries (tourism is an important part of Croatia's economy)
+encourages inwards investment
+closer integration and cooperation with other eurozone countries

-loss of monetary policy independence
-relative increase in prices in tourism resulting in lower demand
-decreases export competitiveness
-other countries' policy and economic situation effect Croatia to a higher extent.
Reply 2
Original post by aloexo
off the top of my head:
+more resilience to currency shocks
+encouraging tourism from other eurozone countries (tourism is an important part of Croatia's economy)
+encourages inwards investment
+closer integration and cooperation with other eurozone countries
-loss of monetary policy independence
-relative increase in prices in tourism resulting in lower demand
-decreases export competitiveness
-other countries' policy and economic situation effect Croatia to a higher extent.

this is useful thank you so much!

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