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https://doi.org/10.17535/crorr.2018.0005

Financial eurization in Croatia and its (non)linear pattern behaviour

Mile Bošnjak   ORCID icon orcid.org/0000-0002-7663-198X ; Faculty of Economics and Business, University of Zagreb

Puni tekst: engleski, pdf (3 MB) str. 51-62 preuzimanja: 164* citiraj
APA 6th Edition
Bošnjak, M. (2018). Financial eurization in Croatia and its (non)linear pattern behaviour. Croatian Operational Research Review, 9 (1), 51-62. https://doi.org/10.17535/crorr.2018.0005
MLA 8th Edition
Bošnjak, Mile. "Financial eurization in Croatia and its (non)linear pattern behaviour." Croatian Operational Research Review, vol. 9, br. 1, 2018, str. 51-62. https://doi.org/10.17535/crorr.2018.0005. Citirano 27.07.2021.
Chicago 17th Edition
Bošnjak, Mile. "Financial eurization in Croatia and its (non)linear pattern behaviour." Croatian Operational Research Review 9, br. 1 (2018): 51-62. https://doi.org/10.17535/crorr.2018.0005
Harvard
Bošnjak, M. (2018). 'Financial eurization in Croatia and its (non)linear pattern behaviour', Croatian Operational Research Review, 9(1), str. 51-62. https://doi.org/10.17535/crorr.2018.0005
Vancouver
Bošnjak M. Financial eurization in Croatia and its (non)linear pattern behaviour. Croatian Operational Research Review [Internet]. 2018 [pristupljeno 27.07.2021.];9(1):51-62. https://doi.org/10.17535/crorr.2018.0005
IEEE
M. Bošnjak, "Financial eurization in Croatia and its (non)linear pattern behaviour", Croatian Operational Research Review, vol.9, br. 1, str. 51-62, 2018. [Online]. https://doi.org/10.17535/crorr.2018.0005

Sažetak
The phenomenon of financial eurization is prominent in the region of south eastern European countries. This paper examines the phenomenon in Croatia focusing on the liability side of the banking system. Using monthly data from January 1997 to November 2015 univariate time series models are estimated and evaluated. Following research results in this paper nonlinear model specifications outperform ARMA(3,0,0) in explaining financial eurization pattern behavior in Croatia. The research results revealed nonlinear and threshold dependent dynamics of eurization dynamics in Croatia. Empirical evidence out of this paper points out on persistent eurization with hysteresis indicating the need to achieve overall macroeconomic stability in order to resolve the existing phenomenon of financial eurization in Croatia.

Ključne riječi
financial eurization; time series; nonlinearity; threshold autoregression; Markov switching

Hrčak ID: 203893

URI
https://hrcak.srce.hr/203893

Posjeta: 387 *