Nominalna konvergencija i spremnost za eurozonu
Nominal convergence and readiness for the euro area

Summary/Abstract: The all EU member states are obliged to join the euro area and adopt the euro, once they fulfil certain nominal criteria known as "convergence criteria" or "Maastricht criteria". But, the fulfilment of nominal economic convergence criteria does not necessarily mean the country's readiness for European monetary union, if it is not the result of real economic convergence or real competitiveness. Is nominal convergence result of real economic convergence can be seen through the balance of payments analysis of the certain country. Bosnia and Herzegovina is a country in the EU accession process which will also have to meet the "convergence criteria" (or "Maastricht criteria") and adopt the euro, once it becomes an EU member. The subject of this paper is the analysis of the fulfilment and sustainability of the nominal convergence of Bosnia and Herzegovina towards the euro area and, accordingly, the prediction of the consequences that Bosnia and Herzegovina may have from the introduction of the euro and the common monetary policy in the euro area.

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