Michael Faulend

Fiskalni aspekti pridruživanja: možemo li u Europsku uniju s proračunskim deficitom? (2004)

Cuculić, Judita, Faulend, Michael, Šošić, Vedran

Iako ne postoji zajednička fiskalna politika na razini Europske unije (EU), priključivanjem Hrvatske EU-u doći će do značajnih promjena u proračunskim prihodima i rashodima. S jedne strane,...

DO KOJEG IZNOSA OSIGURAVATI ŠTEDNE ULOGE U HRVATSKOJ? (2004)

Michael Faulend

Određivanje visine iznosa do kojeg se osiguravaju štedni ulozi (limit), jedno je od ključnih pitanja pri formuliranju sustava osiguranja štednih uloga. Jedino pravilno postavljen limit omogućuje...

Hrvatski sustav osiguranja štednih uloga: treba li ga mijenjati, i ako treba, što promijeniti i kada? (2004)

Faulend, Michael, Kraft, Evan

U radu su izložena osnovna obilježja hrvatskog sustava osiguranja štednih uloga, koja se ujedno kritički preispituju te se naglašavaju njegove potencijalno slabe točke. U skladu s najboljim...

Is Unofficial Economy a Source of Corruption?

Michael Faulend, Vedran Sosic

This paper discusses the link between unofficial economy and overall economic efficiency. Special emphasis is put on tax evasion and corruption and their interaction with unofficial economy. First,...

Dollarisation and the Underground Economy: Accidental Partners?

Vedran Sosic, Michael Faulend

Monetary methods of measuring the underground economy (UE) in all their variations are traditionally based upon domestic monetary aggregates. In recent times, however, there has been an increasing...

Fiscal aspects of accession: can we anter the European Union with a budgetary deficit?

Judita Cuculic, Michael Faulend, Vedran Sosic, Katarina Ott

Although there is no common fiscal policy at the European Union (EU) level in Croatia, accession will entail important changes in budgetary revenue and expenditure. On the one hand, accession brings...

Currency Substitution, Unoffical Dollarization and Estimates of Foreign Currency Held Abroad: The Case of Croatia

Edgar L. Feige, Michael Faulend, Velimir Sonje, Vedran Sosic

This paper employs new estimates of US currency held abroad to determine the degree of unofficial or de facto dollarization that has taken place in key countries around the world. Empirical estimates...

Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities and Irreversibility

Edgar L. Feige, Vedran Šošiæ, Michael Faulend, Velimir Šonje

We examine the extent, causes and consequences of the use of foreign currency as a co-circulating medium of exchange and store of value in Latin America. Using new estimates of the amount of foreign...