Most often it is the result of mac-
roeconomic mismanagement in the past that led...includes Croatia, Bulgaria and to some extent, Romania), high deposit euroisation...
The IMF (2006) claimed
that higher interest rates led to a weakening in the demand...main factor
explaining why an adjustment of the housing market in one
country...
These remarks have led to a jointly written paper that will, hopefully, be published...European countries with Germany and the European Union,
scholarly curiosity has...
negative 2
percent, at a time when flash estimates were already pointing
to a drop...HRK 11-
13 billion is indicated as a more realistic figure), which could
have...
In 2003 and 2004, the continued consolidation
process led to a further decrease...argue that the described chain of bank actions
and central bank reactions directly...
help detect defi
ciencies of the original euro area (EMU12) that have almost
led...For example, Spain and Ireland ran budg
et surpluses from 2005 to 2007, which...
These amendments
mostly led to a one-off decrease in the capital adequacy ratio...interests of their owners and their overall priority was profit-
ability, which...
concentration remained fairly stable after
1998, privatization and acquisitions led...as Koetter, Kolari and Spieldijk 2012, which argue that increased
market power...
insolvency is satisfied, i.e., that in none of the exposed
banks does the CAR drop...the
increase in non-performing loans.30 Macroeconomic shock scenarios (e.g. a...
Their results suggest that these
two factors caused half of the drop in investment...After 2009, recession and higher risk aversion of both creditors
and debtors...
Columbia that, under public pressure, eliminated the deposit insurance coverage ceiling...the
amount of insured deposits in financially distressed banks, which in the end...
mismanaged process of privatization
and low investment, this resulted in a severe drop...export growth
did pick up during the period analyzed in this paper, the ini-
tial...
After these rehabilitations, the-
re was a large drop in the interest rate....revenues drastically increased the con-
sumption appetites of the government and...
during that year.2
The emergence of the banking crisis is also seen in the
drastic drop...is whether the recent
introduction of the instrument of fiduciary ownership has...
ening in the demand for labour in the first half of 2025 is noticeable in the drop...of 2025, unemployment was down by 2.0% from
the fourth quarter of 2024, when a...
that portfolio invest-
ment, foreign borrowing, aid and income from foreign assets led...monetary policy framework in Croatia does not rely on the interest rate channel had...
to suspend dollar’s convertibility into gold in 1971 and the oil shock in
1972 led...Fourthly, there were major changes in the ECB’s monetary policy framework
that...
first four years of transition
(1990-93) to the most recent four years (1995-8),9 drop...operating,
banks distorted the allocation of credit through the finan-
cial markets...
from 1991 to 1997, except for 1995, when the Tequila
crisis produced a sharp drop...and quality of services, provided a wider range of products and
services, and...
account for inflation persistence, i.e. the
current sluggish price adjustment, led...if an enterprise lowers a price, this can spark off a price war and lead to a...
ten years the
monetary policy was primarily focused on fighting inflation, which led...of Croatia Using a Multivariate Filter
3
exports and a halt in capital inflows...
of financial
conditions, reflected in a growing risk premium or a li-
quidity drop...2010 and 2011, the FCI stability was de-
termined by the contrasting effects of a...
Exports to Slovenia shows the largest drop, and
the impact of the FTA on Croatian...For example, the electronic equipment sec-
tor (ELE) experiences a...
The resulting con-
sumption boom, coupled with weak export growth, led to an alarming...Efforts to control the lending boom and several bank
failures in 1998...
The last global
financial crisis (GFC) has led to an increasingly active use of...this, the sharp GDP contraction following the outbreak of the
COVID-19 crisis...
Consequently, this led to price increases when the hous-
ing loan subsidy was introduced...that housing loan subsidies did change the dynamics
of the housing market and...
