Original scientific paper

RISKS TO FINANCIAL STABILITY OF CROATIA IN INTERNATIONAL COMPARISON

Branko Krnić orcid.org/0000-0001-8932-0649 ; VERN University of Applied Scineces

Abstract

The paper examines systemic risks affecting the financial stability in a small open economy. Its concrete expression in terms of examining relevant financial stability risks of Croatia represents the subject of the research. The objective of this paper is to expand the knowledge on systemic risk levels which might affect the financial stability of Croatia. As such, a scope of various financial stability risks for the national economy and key sectors is being defined including the state, households, companies and the banking sector. The international comparison focuses on the position of Croatia in the European Union in terms of observed risks. Research findings contained in the answers to posed research questions expand the knowledge on systemic risk levels relevant for the financial stability of Croatia and indicate the need for further research in this area. This particularly concerns the need to examine the connection between potential as well as already materialized risks and applied economic policies and the regulation of a single national economy.

Keywords

financial stability; Croatian economy; international comparisons; systemic risk indicators

Hrčak ID:

177191

URI

https://hrcak.srce.hr/177191

Publication date:

31.12.2016.

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