Velimir Sonje

Banking and financial matters on Croatia's road to the European Union

Velimir Sonje, Katarina Ott

The ability of a country to meet the criteria for financial convergence on the EU depends on four key factors: the behaviour and structure of the banks and non-banking financial service providers,...

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...

Barriers to competition in Croatia : the role of government regulation

De Rosa, Donato, Madzarevic-Sujster, Sanja, Boromisa, Ana-Maria, Sonje, Velimir

This paper examines product market policies in Croatia by benchmarking them to OECD countries and highlighting how policies that are more conducive to competition would stimulate a more efficient...