Naslov
Financial stress indicators for small, open, highly euroized countries: the case of Croatia

Autori
Dumičić, Mirna

Izvornik
Financial theory and practice (1846-887X) 39 (2015), 2; 171-203

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
financial stress ; financial stability ; financial markets ; systemic risk ; composite index ; Croatia

Sažetak
The main objective of this paper is to construct high-frequency composite indicators of financial stress for Croatia that will enable the monitoring of the total level of financial stress and its components on the domestic financial market. Emphasis is put on the choice of variables appropriate for small, open, highly euroized economies characterised by bank-centric financial systems dominantly owned by foreign banks, shallow financial markets and dependence on foreign capital.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA