Theoretical and Applied Economics
No. 1 / 2018 (614), Spring
Macroprudential stability indicators of financial systems: Analysis of Bosnia and Herzegovina and Croatia
University of Tuzla, Bosnia and Herzegovina
Mirna MEŠIĆ
Zott SE & Co. KG, Bosnia and Herzegovina
Abstract. The introduction of macroprudential stability indicators for risk estimation in financial systems is a hot topic in transition countries. Our examination is focused on the repeating rate of instability in financial systems in Bosnia, Herzegovina and Croatia based on the selection of appropriate macroprudential indicators. Empirical investigation analyzed the statistical data of the National Bank of Croatia and the Central Bank of Bosnia and Herzegovina for the period of ten years between 2003 and 2013. With multivariate logistic regression we create a model based for determination of probability of the occurrence of instability in financial systems based on real values of macroprudential indicators.
Contents
Political economy map – A useful tool for public policy decision makers
Macroeconomic uncertainty and FDI in developing countries
Impact of foreign direct investment inflows on tax revenues in OECD countries: A panel cointegration and causality analysis
Macroprudential stability indicators of financial systems: Analysis of Bosnia and Herzegovina and Croatia
Does exchange rate always affect the number of inbound tourists significantly in China?
The effects of Turkish-Russian political relations on bilateral trade balance: Cointegration and causal analysis
The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries
Financial development, trade openness and growth in India
The impact of carbon dioxide (CO2) emissions on tourism: Does the source of emission matter?
Effect of exchange rate policy on GDP and GDP components: The Kyrgyz Republic Case
Dynamic linkages between corruption, economic growth, and income inequality in Pakistan: Say ‘No’ to corruption
Impact of defence expenditures on external debt: An econometric analysis for Turkey and Turkic Republics