Financial stress indicators for small, open, highly euroized countries: the case of Croatia

Mirna Dumicic Jemric

Financial Theory and Practice, 2015, vol. 39, issue 2, 171-203

Abstract: The main objective of this paper is to construct high-frequency composite indicators of financial stress for Croatia that will enable the monitoring of the total level of financial stress and its components on the domestic financial market. Emphasis is put on the choice of variables appropriate for small, open, highly euroized economies characterised by bank-centric financial systems dominantly owned by foreign banks, shallow financial markets and dependence on foreign capital.

Keywords: financial stress; financial stability; financial markets; systemic risk; composite index; Croatia (search for similar items in EconPapers)
JEL-codes: E44 E50 G0 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://fintp.ijf.hr/upload/files/ftp/2015/2/dumicic.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ipf:finteo:v:39:y:2015:i:2:p:171-203

Access Statistics for this article

More articles in Financial Theory and Practice from Institute of Public Finance Contact information at EDIRC.
Bibliographic data for series maintained by Martina Fabris ().