Peša, Anita Radman; Festić, Mejra - In: Prague Economic Papers 2012 (2012) 4, pp. 450-469
We tested the hypothesis of procyclicality against the economic activity and stock exchange of Croatia - as a country preparing for EU accession - in order to investigate the spillover effect, i.e., the degree and pace of integration into larger financial markets such as the EU. The empirical...