Naslov
Financial stability indicators - the case of Croatia

Autori
Dumičić, Mirna

Izvornik
Journal of Central Banking Theory and Practice (Podgorica) (1800-9581) 5 (2016), 1; 115-142

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

Ključne riječi
financial stability ; systemic risks ; financial system resilience ; principal component analysis ; Croatia

Sažetak
This paper considers financial stability through the processes of accumulation and materialisation of systemic risks. To this end, the method of principal component analysis on the example of Croatia has been used to construct two composite indicators – a systemic risk accumulation index and an index reflecting the consequences of systemic risk materialisation. In the construction of the indices, the features and risks specific to small open economies were considered. Such an approach to systemic risk analysis facilitates the monitoring and understanding of the degree of financial stability and communication of macroprudential policy makers with the public.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Open Access. Published Online: 2016-01-26 Ovaj rad je djelomično podržan od strane Hrvatske zaklade za znanost kao dio znanstvenog projekta „Statistical Modelling for Response to Crisis and Economic Growth in Western Balkan Countries“ (STRENGTHS) ; Broj projekta: 9402 ; Projektno razdoblje: 2014.-2018 ; Voditeljica: prof. dr. sc. Ksenija Dumičić.

POVEZANOST RADA