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In numerous Central and Eastern European (CEE) countries, the global financial crisis as well as the unpegging of the foreign exchange rate of the Swiss franc (CHF) against the euro amplified the repayment troubles of households with the outstanding CHF-linked debt. In Croatia, the CHF loans...
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Most Central, Eastern and Southeastern European (CESEE) countries saw a substantial rise in foreign currency lending to households during the last decade. This involved risks to macrofinancial stability, in particular because most of these borrowers were unhedged. This paper provides evidence on...
Persistent link: https://www.econbiz.de/10013112704
In highly dollarized banking systems, the high level of foreign currency assets or liabilities on banks' balance sheets may create a currency mismatch risk, which could lead to bank failures when faced with sudden exchange rate movements. Central banks in such economies have to adjust their...
Persistent link: https://www.econbiz.de/10013136564
social benefits in Slovenia and Croatia. The redistributive effect is decomposed first to reveal progressivity and horizontal … inequality and lower redistributive effect than Slovenia. Horizontal inequity effects, though, were higher in Slovenia than in … horizontal inequity. In Slovenia, the non-means-tested benefits slightly increased income inequality. …
Persistent link: https://www.econbiz.de/10011260428
transformations of one of the waves of entrepreneurship determinants to another in Slovenia and Croatia and in other countries … envelopment analysis (DEA) model was adopted. One of the most interesting results is that Slovenia and Croatia are among those … not efficient in leading to entrepreneurship in Slovenia, while in Croatia those perceptive determinants are strongly …
Persistent link: https://www.econbiz.de/10008755398
Croatia and Slovenia sheds light on regional issues, owing to their small size and their being part of the same country until …, suggesting that deeper and more efficient strategic restructuring in Slovenia was a significant factor in the differing economic …
Persistent link: https://www.econbiz.de/10010693161
social benefits in Slovenia and Croatia. The redistributive effect is decomposed first to reveal progressivity and horizontal … inequality and lower redistributive effect than Slovenia. Horizontal inequity effects, though, were higher in Slovenia than in … horizontal inequity. In Slovenia, the non-means-tested benefits slightly increased income inequality. …
Persistent link: https://www.econbiz.de/10010698580