It emerged in the wa-
ke of the widely-known Mexican crisis (1994/95) and was
followed...Japan and heavy government sup-
port encouraged big investments in Southeast Asia...
Monetary policy and global inflation
Júlia Király
Deputy Governor
Magyar Nemzeti Bank
Based on the joint work of Julia Kiraly - Tóth Máté Barnabás
Outline
1. Global outlook – hiking prices...
Comments on “The Interest Rate
Effects of Government Debt Maturity”
by Chadha, Turner, and Zampolli
Nikolay Gueorguiev
IMF*
Dubrovnik, June 2013
* The views expressed are personal and do not ...
Comments on
“Currency Crises” by
Italy Goldstein and Assaf Razin
Iryna Ivaschenko
IMF Resident Representative in Hungary
The 19th Dubrovnik Economic Conference,
Dubrovnik, Croatia, June 13,...
WHICH FACTORS ARE WEIGHING ON CREDIT
RECOVERY?
EVIDENCE FROM THE CROATIAN BANK LENDING
SURVEY
Martin Pintarić
martin.pintaric@hnb.hr
THE TENTH YOUNG ECONOMISTS’ SEMINAR
Dubrovnik, June 7,...
The 11The 11thth Dubrovnik Economic ConferenceDubrovnik Economic Conference
““What do deficits tell us about debt? Empirical What do deficits tell us about debt? Empirical
evidence on creative...
*
Discussion of “Monetary policy effects on output and prices: International evidence”
Livio Stracca*
European Central Bank
Dubrovnik
27 June 2012
* The views expressed are those of the authors...
Determinants of Sovereign Risk Premiums for European Emerging Markets
(From Saints to Sinners)
Tomislav Ridzak & Mirna Dumicic
Financial Stability Department
Croatian National Bank
...
Friends or Foes:
A Story of Value at Risk and Expected Tail Loss
14th Dubrovnik Economic Conference
June 25 - 29, 2008, Dubrovnik, Croatia
organized by the Croatian National Bank
Dr.sc. Saša...
Comments on:
“Euro Membership and Bank Stability: Friends or Foes?
Lessons from Ireland”
by
Patrick Honohan
Vedran Šošić, CNB
Motivation
To find the difference between Iceland and Ireland
...
Comments on:
“Modelling the Lisbon Strategy: Analysing Structural Reforms in the EU using the QUEST III model”
by
Roeger, Varga and Veld
Vedran Šošić, CNB
Motivation
Estimate the possible...
Maja Mihaljević Kosor
University of Split, Faculty of Economics,
CROATIA
E-mail: majam@efst.hr
Examining the Determinants of Student Non-completion in Higher Education:
An Application to Croatia...
Tomislav Ridzak, Financial Stability Department
Croatian National Bank
*The views expressed in this article are those of the author and do not necessarily represent the views of, and should not be...
Comments by Vedran Šošić
Financial Stability Department
Croatian National Bank
Running for the Exit: International Banks and Crisis Transmission
*
Goal of the paper
Explores the role of...
Are Some Banks More Lenient in Implementation of Placement Classification Rules?*
An Application of Dichotomous Rasch Model to Classification of Credit Risk in the Banking System
Tomislav Ridzak,...
.
Catalytic IMF Finance in Emerging Economies Crises:
Theory and Empirical Evidence
by
Giancarlo Corsetti
and
Nouriel Roubini
Motivation for the paper
Last decade: many crises in emerging...
The 11th Dubrovnik Economic Conference
“What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU”
By
Jurgen von Hagen and Guntram B. Wolff
...
A Framework for Financial Stability
Contrasts between Price and Financial Stability
Price Stability Financial Stability
a) Measurement and Definition Yes, subject to technical
queries Hardly,...
Current challenges with EMU
Economic differences,
euro area enlargement and
the revised Stability and Growth pact
Dr. Jürgen Kröger
The 12th Dubrovnik
Economic Conference
Dubrovnik, June 28 – July...
Current challenges with EMU
Economic differences,
euro area enlargement and
the revised Stability and Growth pact
Dr. Jürgen Kröger
The 12th Dubrovnik
Economic Conference
Dubrovnik, June 28 – July...
Estimating Credit Demand in Croatia
Katja Gattin-Turkalj, Igor Ljubaj,
Ana Martinis, Marko Mrkalj
Overview of the Presentation
Credit developments in Croatia
The econometric model
Total...
Comments on:
Labor Market Rigidities, Financial Integration and International
Risk Sharing in the OECD
by Jarko Fidrmuc, Neil Foster and Johann Scharler
There is a theory which states that...
The Impact of the USD/EUR Exchange Rate on Inflation in CEE Countries
Ljubinko Jankov, Ivo Krznar, Davor Kunovac, Maroje Lang
The Impact of the USD/EUR Exchange Rate on Inflation in CEE...
Deniz Anginer
Has the banking sector become more vulnerable over time?
Has the banking sector become more vulnerable over time?
Deniz Anginer
Financial Economist, DECFP
Asli...
Who Supervises Whom? Who Pays What?
Boštjan Jazbec
Bank of Slovenia
Dubrovnik, June 29, 2007
The views expressed herein are not necessarily those of the Bank of Slovenia.
Evan, thank...
Comments on Tamarisa-Igan
Evan Kraft, Advisor to the Governor, CNB
*The views expressed in this commentary do not necessarily coincide with those of the Croatian National Bank
Loan growth vs....
Assessment of Balassa-Samuelson Effect in Croatia
Gorana Lukinić, Igor Ljubaj and Josip Funda
Overview of the Presentation
Introduction
Theoretical Background
Data
Econometric...
Credit Risk Assessment of Corporate Sector in Croatia
Saša Cerovac, Lana Ivičić
Croatian National Bank
Financial Stability Department
Structure of the presentation
Intro – motivation and...
Comments on ‘‘The Determinants of Cross-Border Lending in the Euro Zone”
Evan Kraft
What the paper does
Studies financial integration in the Euro zone by looking at cross-border lending
Uses...
The Impact of Financial Crisis and Policy
Response in Croatia
Nikola Bokan, Lovorka Grgurić, Ivo Krznar, Maroje Lang
15th Dubrovnik Economic Conference
June 2009
Outline
Motivation
Model...
The Anatomy of Household Debt Build Up: What Are the Implications for the Financial Stability in Croatia?
Ivana Herceg and Vedran Šošić*
*Views expressed in this paper are solely those of the...
Exports and Productivity Link in Manufacturing: Microeconomic Evidence from Croatia
Gorana Lukinić Čardić
Dubrovnik, June 23, 2010
Outline
Introduction
Croatian exports: macroeconomic...
Should the CNB Devaluate the Exchange Rate?
Should the Croatian National Bank Devaluate the Exchange Rate?
Evidence from Purchasing Power Parity
Should the CNB Devaluate the Exchange Rate?
...
The role of demand and supply in cyclical fluctuations of
household debt in Croatia
Ivana Herceg*
*Views expressed in this paper are solely those of the author’s
The 17th Dubrovnik Economic...
The determinants of deposit euroization in European post-transition countries
The determinants of deposit euroization in European post-transition countries: evidence from threshold VAR
Marina...
12th Dubrovnik Economic Conference
The Moral Consequences of Economic Growth
Benjamin M. Friedman and William Joseph Maier
Discussion by Athanasios Vamvakidis
IMF Resident Representative in...
Monetary and financial policies for "de-euroization"
- a case study of recent Croatian experience
Tomislav Galac & Evan Kraft
Croatian national bank
*
Motivation
Episodes of significant...
Borio-Filardo
Globalization and inflation:
New cross-country evidence on the global determinants of inflation
Comments by Neven Mates
How the globalization affects inflation
Many...
*
Claudio Borio and Andrew Filardo
Bank for International Settlements
Globalisation and inflation:
New cross-country evidence on the global determinants of domestic inflation
13th Dubrovnik...
Comments on Mourougane and Vogel's
The Impact of Selected Structural Reforms:
Speed of Adjustment and Distributional Effects
Maroje Lang, CNB
Reform delay and fatigue
Consensus about positive...
The Fifteenth Dubrovnik Economic Conference
Croatian National Bank
(Dubrovnik, June 2009)
Discussion of the paper:
“Currency Mismatch and Boom-Busts in Emerging Europe”
by R. Ranciere, A. Tornel,...
The Sixteenth Dubrovnik Economic Conference
Croatian National Bank
(Dubrovnik, June, 2009)
Discussion of the paper:
“Growing Together: Croatia and Latvia”
Zuzana Murgasova
International...
Inflation Bias in the Czech Republic
Randall K. Filer, CUNY and CERGE-EI
Jan Hanousek, CERGE-EI
Motivation: Real GDP during transition
Chart2
32874 32874 32874 32874 32874 32874 32874...
The Stability and Growth Pact and its Reform from the Perspective of the
New Member States
Gábor Orbán – György Szapáry
Magyar Nemzeti Bank
11th Dubrovnik Economic Conference
30 June 2005
basis...
“The Impact of the USD/EUR Exchange Rate on Inflation in CEE Countries”
Jankov, Krznar, Kunovac and Lang
Discussion by
Athanasios Vamvakidis
For the 13th Dubrovnik Economic Conference of the...
“The Impact of the USD/EUR Exchange Rate on Inflation in CEE Countries”
Jankov, Krznar, Kunovac and Lang
Discussion by
Athanasios Vamvakidis
For the 13th Dubrovnik Economic Conference of the...
16th Dubrovnik Economic Conference
June 2010
Athanasios Vamvakidis
International Monetary Fund
Fiscal risks to the fore in advanced Europe
When Greece sneezes, who gets a cold?
Can...
Estimating Credit Demand in Croatia
By
Katja Gattin-Turkalj, Igor Ljubaj,
Ana Martinis, Marko Mrkalj
Discussant: K. Žigić
Prague, Czech Republic
Research Questions
How do demand determinants...
Assessment of Balassa-Samuelson Effect in Croatia
by
Josip Funda, Gorana Lukinić, Igor Ljubaj
Discussant: K. Žigić
Prague, Czech Republic
Research questions
Assessment of the importance of...
Discussion of:
Haselmann, Marsch and Weder di Mauro:
Real Effects of Bank Governance:
Bank Ownership and Corporate Innovation
Dubrovnik Economic Conference, CNB
June 24-27, 2009
by:...
Discussion by Athanasios Vamvakidis
16th Dubrovnik Economic Conference
June 2010
Main Contribution:
Takes into account total CEO wealth tied to firm
Main Results:
Top CEOs are paid like...
Making macroprudential policy a reality
Stephen Cecchetti*
Economic Adviser and Head
Monetary and Economic Department
Bank for International Settlements
*Views expressed here are...
*
Running for the Exit
International Banks and Crisis Transmission
17th Dubrovnik Economic Conference
June 2011
Ralph De Haas (EBRD)
Joint with Neeltje Van Horen (DNB)
*
Introduction:...
Factors Weighing on Credit Recovery in Croatia—Pintarić
Comments by O'Callaghan
Context—the story is very interesting
The Data—are worth closer examination
Methodology—a "disequilibrium"...
A Simple Model of Interest Rates in the Croatian Money Market
By
Tomislav Galac, Lana Ivičić and Mirna Dumičić
Discussant: Iftekhar Hasan
Dubrovnik, June 27, 2007
Motivation
Money market is the...
J.P.Morgan Chase
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L
Crisis Response:
Different Aspects
Dr. Jacob A. Frenkel
Chairman, JPMorgan Chase International...
Comments on:
“Deep integration an Economic Growth: Counterfactual Evidence from Europe”
(Nauro F. Campos and Fabrizio Coricelli and Luigi Moretti)
By Neven Mates
Standard disclaimer applies,...
Comments by Ante Žigman
Croatian National Bank
Sovereign Stress, Unconventional Monetary Policy, and SMEs' Access to Finance
1
Disclamers
In the paper there is a lot of empirical work and...
Bankovna unija iz perspektive
države članice izvan europodručja
Konferencija
Bankovna unija: ostvarenja i izazovi
Zagreb, 18. svibnja 2016.
Vedran Šošić, viceguverner
1
2...
