Even after more than a decade of low inflation, Croatia remains highly dollarized. Commercial banks avoid currency mismatch by indexing loans to the exchange rate. Although this eliminates direct...
Poverty and labor market policies in Croatia
This paper compares indicators of the Croatian labor market and implemented policies with indicators and policies in other countries of Central and Eastern Europe. Although unemployment and long-term...
Is Unofficial Economy a Source of Corruption?
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?
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...
Trade integration and Croatian accession to the European Union
Vedran Sosic, Boris Vujcic, Katarina Ott
This paper assesses the trade criteria for EU membership and the extent to which Croatia fulfills those criteria. The relationship between trade criteria and the economic ability to pursue EU...
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...
Contribution of Gross Job Flows to the Dynamics of Corporate Restructuring in Croatia
While lack of corporate restructuring is often viewed as one of the major obstacles to economic growth in Croatia, the scant empirical evidence available does not corroborate this view. The paper...
Even after more than a decade of low inflation, Croatia remains highly dollarized. Commercial banks avoid currency mismatch by indexing loans to the exchange rate. Although this eliminates direct...