Održivost nekamatonosnoga tekućeg računa bilance plaćanja u Hrvatskoj
Non-Interest Current Account Sustainability In Croatia
Author(s): Hrvoje Jošić, Mislav JošićSubject(s): Financial Markets, Public Finances
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: current account sustainability; non- interest current account; MFR and Reisen approach; Croatia;
Summary/Abstract: The subject of this paper is non-interest current account sustainability in Croatia in the period between 2001 and 2010. Using MFR and Reisen approach short-term and long-term sustainability of non-interest current account is assessed by comparing the hypothetical sustainable levels with actual values. Research results indicates marginal short-term non-interest current account sustainability. Long-term non-interest current account was also sustainable in the observed period. On the other hand, significant intermediate levels of non-interest current account deviations suggests that the non-interest current account in Croatia is not sustainable in the period between 2001 and 2010.
- Issue Year: 24/2011
- Issue No: 2
- Page Range: 302-312
- Page Count: 12
- Language: Croatian