Original scientific paper
Comparative Analyses of Financial System in Croatia and Advanced Transition Economies
Martina Dalić
Abstract
Croatian financial system has entered a new phase of its development. After important and deep changes that have altered the face of the banking system, the preconditions for more dynamic development of non-banking intermediaries as well as capital market have been created. In order to asses the achieved level of financial development, the Croatian financial system is compared with the financial systems of advanced transition economies. The analyses is based on the standard indicators of size and activity of banking and non-banking intermediaries as well as capital markets. The results of the analyses show that the size and activity of Croatian banking system is comparable to the banking systems of advanced transition economies. However, the achieved level of development of non-banking intermediaries and capital market is still below other advanced transition economies. It is expected that Croatian financial system will fill in this gap relatively quickly since activities of pension funds, investment funds and bond markets are growing quickly.
Keywords
Hrčak ID:
18614
URI
Publication date:
15.10.2002.
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