Financial liberalization in Croatia (CROSBI ID 257168)
Prilog u časopisu | prethodno priopćenje | međunarodna recenzija
Podaci o odgovornosti
Šohinger, Jasminka ; Horvatin, Darko
engleski
Financial liberalization in Croatia
The change of the international capital flow structure, where the emphasis shifted from official lending to increased private capital flows, presented the transition economies with new challenges in the development of their financial systems. Starting with the comparative perspective of other transition economies, in this paper we focus on the effects that international private capital flows had on the Croatian banking sector as well as on how they helped shape its stock market. We analyze foreign direct investment and portfolio investment, two main components of international private capital flows, and we conclude with some insights and dilemmas regarding the desirable degree of openness of the capital accounts with regard to the relation between the economic growth and the long-term stability.
private capital flow ; foreign direct investment ; portfolio investment ; Croatian economy
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Podaci o izdanju
15 (2)
2006.
173-198
objavljeno
1330-1039
1848-963X
Povezanost rada
Ekonomija