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Analysis of Fiscal Rules in the European Monetary Union
Šehović, Damir - In: Journal of Central Banking Theory and Practice 4 (2015) 1, pp. 19-33
The EMU fiscal system is specific in many areas compared to other classic fiscal systems of national states. Specific … features mainly reflect in the implementation of economic policy within the EMU which is carried out by combining a common … internal market. Finally, the third segment refers to the fiscal policy coordination of the EMU member states related to …
Persistent link: https://www.econbiz.de/10012217803
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Analysis of Fiscal Rules in the European Monetary Union
Šehović, Damir - In: Journal of Central Banking Theory and Practice 4 (2015) 1, pp. 19-33
The EMU fiscal system is specific in many areas compared to other classic fiscal systems of national states. Specific … features mainly reflect in the implementation of economic policy within the EMU which is carried out by combining a common … internal market. Finally, the third segment refers to the fiscal policy coordination of the EMU member states related to …
Persistent link: https://www.econbiz.de/10011165894
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Importance of Macroprudential Policy Implementation for Safeguarding Financial Stability
Vučinić, Milena - In: Journal of Central Banking Theory and Practice 5 (2016) 3, pp. 79-98
The crisis pointed to the necessity for strong and stable financial system resistant to potential risks and shocks. Macroprudential policy is used to identify, monitor and asses systemic risks to financial stability. Therefore, it is very important to create effective and efficient...
Persistent link: https://www.econbiz.de/10012217838
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Fintech and financial stability potential influence of FinTech on financial stability, risks and benefits
Vučinić, Milena - In: Journal of Central Banking Theory and Practice 9 (2020) 2, pp. 43-66
Since the last global financial crisis supervisory mechanisms and regulations have become more stringent which have significantly improved resilience of banks therefore positively affecting financial stability. Apart from traditional financial institutions which have been supervised according to...
Persistent link: https://www.econbiz.de/10014558484
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Relevance of Low Inflation in the Southeastern European Countries
Lakić, Slobodan; Šehović, Damir; Drašković, Mimo - In: Journal of Central Banking Theory and Practice 5 (2016) 2, pp. 41-63
The paper starts from the assumption that the significant reduction of the inflation problem is a result of the long-term dynamics of economic growth in countries with developing markets and, as a result, operational inability of multinational companies to increase accumulation through the...
Persistent link: https://www.econbiz.de/10012217827
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General Aspects of Monetary and Fiscal Policy Coordination
Šehović, Damir - In: Journal of Central Banking Theory and Practice 2 (2013) 3, pp. 5-27
The main objective of macroeconomic policy is achieved by using instruments available to its makers, and certainly one of the most important is the one related to monetary and fiscal policy. However, the use of the mentioned instruments is complex, given the fact that they are in the hands of...
Persistent link: https://www.econbiz.de/10010718704
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General Aspects of Monetary and Fiscal Policy Coordination
Šehović, Damir - In: Journal of Central Banking Theory and Practice 2 (2013) 2, pp. 5-27
The main objective of macroeconomic policy is achieved by using instruments available to its makers, and certainly one of the most important is the one related to monetary and fiscal policy. However, the use of the mentioned instruments is complex, given the fact that they are in the hands of...
Persistent link: https://www.econbiz.de/10010701740
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A Brief Introduction to the World of Macroprudential Policy
Dumičić, Mirna - In: Journal of Central Banking Theory and Practice 6 (2017) 1, pp. 87-109
Notwithstanding the rapid growth in the popularity of and the increasing number of research papers on macroprudential policy, the general public still has a relatively unclear perception of this concept. The main purpose of this paper is to explain briefly the most important concepts related to...
Persistent link: https://www.econbiz.de/10012217847
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Does fiscal transparency matter for bank development? A lookup on emerging and developing countries
Trabelsi, Emna - In: Journal of Central Banking Theory and Practice 12 (2023) 1, pp. 107-148
This paper examines how fiscal transparency is linked to bank development. It also hypothesizes that the effect is mediated by reasonable channel(s). Drawing upon a panel dataset of emerging and developing economies, we find that fiscal transparency is positively related to the private credit...
Persistent link: https://www.econbiz.de/10014558508
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Financial Stability – Comparative Analysis: Montenegro, Serbia and the Netherlands
Vučinić, Milena - In: Journal of Central Banking Theory and Practice 4 (2015) 1, pp. 63-93
The global financial crisis has had far-reaching effects on financial systems and economies all over the world, thus putting the importance of safeguarding financial stability in the focus of interest of the global economy. This paper presents the importance of safeguarding financial stability...
Persistent link: https://www.econbiz.de/10012217806