Naslov
Effects of Capital Account Liberalization on Interest Rates in Croatia

Autori
Herceg, Tomislav ; Galetić, Fran

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Challenges of Economic Sciences in the 21st Century : Proceedings of the International Scientific Conference on the Occasion of the 50th Anniversary of the IES / Guichard, Jean-Paul, et al. - Beograd : Institute of Economic Sciences, 2008, 607-615

ISBN
978-86-80315-71-3

Skup
International Scientific Conference on the Occasion of the 50th Anniversary of the IES "Challenges of Economic Sciences in the 21st Century"

Mjesto i datum
Beograd, Srbija, 04.12.2008. - 05.12.2008

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
capital account liberalization; measuring; econometric analysis; Croatia

Sažetak
In this paper authors investigated Croatian financial market analyzing different types of interest rates in Croatia and how they were affected by the changes in the level of capital account liberalization. Using a level of foreign direct investment as a proxy measure of degree of liberalization, the authors using time series analysis tried to prove whether there is a significant relation between the two. The results show that a certain relation exists, but before making any significant conclusions, it is necessary to be cautious about a probable omitted variable bias. Hence the aim of this paper was more to show the direction and existence of this relation than to produce a concrete and exact amount of that effect, which might be misleading in this case.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA