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The paper estimates the money demand in Croatia using monthly data from 1994 to 2002. A failure of the Fisher equation …
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Some years ago one would have predicted very different scenarios for Slovakia and Croatia. The difference was twofold … an inward-looking, nationalistic period, both Slovakia and Croatia has moved towards market economy and their political …. In Slovakia it gave an initial boost to a later “self-propelling” process, while in Croatia it has been a continuous …
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