Pregled bibliografske jedinice broj: 554980
Fiscal, external and global determinants of Croatian government bond spreads
Fiscal, external and global determinants of Croatian government bond spreads // International Scientific Conference "Western Balkans: From Stabilization to Integration"
Beograd, Srbija, 2011. (predavanje, međunarodna recenzija, neobjavljeni rad, znanstveni)
CROSBI ID: 554980 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Fiscal, external and global determinants of Croatian government bond spreads
Autori
Barbić, Tajana, Čondić-Jurkić, Iva
Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni
Skup
International Scientific Conference "Western Balkans: From Stabilization to Integration"
Mjesto i datum
Beograd, Srbija, 07.07.2011. - 08.07.2011
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
government bonds spread; fiscal and external vulnerabilities; global volatility; VAR
Sažetak
Deterioration in the fiscal positions, accompanied with turbulences in global financial markets, led to sharp increase in sovereign bond spreads of most emerging European countries in past few years. This paper aims to assess the main underlying factors of Croatian government bond spread variations, i.e. the impact of local macroeconomic conditions and the global market environment on the bond spread. Indicators of fiscal, external and overall market conditions are employed in VAR analysis. We found that shocks to the fiscal and current account balance are the main drivers of the variation in Croatian government bond spread, although the impact of global market volatility should not be undermined.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
002-0022469-2470 - Makroekonomska konvergencija Republike Hrvatske Europskoj uniji (Lovrinčević, Željko, MZOS ) ( CroRIS)
Ustanove:
Ekonomski institut, Zagreb
