hrcak mascot   Srce   HID

Izvorni znanstveni članak
https://doi.org/10.15179/pkiep.27.1.2

Can the Adoption of the Euro in Croatia Reduce the Cost of Borrowing?

Davor Kunovac ; Croatian National Bank
Nina Pavić   ORCID icon orcid.org/0000-0003-1733-5213 ; Croatian National Bank

Puni tekst: hrvatski, pdf (581 KB) str. 71-94 preuzimanja: 166* citiraj
APA 6th Edition
Kunovac, D. i Pavić, N. (2018). Može li uvođenje eura u Hrvatskoj sniziti trošak zaduživanja?. Privredna kretanja i ekonomska politika, 27 (1 (142)), 71-94. https://doi.org/10.15179/pkiep.27.1.2
MLA 8th Edition
Kunovac, Davor i Nina Pavić. "Može li uvođenje eura u Hrvatskoj sniziti trošak zaduživanja?." Privredna kretanja i ekonomska politika, vol. 27, br. 1 (142), 2018, str. 71-94. https://doi.org/10.15179/pkiep.27.1.2. Citirano 24.08.2019.
Chicago 17th Edition
Kunovac, Davor i Nina Pavić. "Može li uvođenje eura u Hrvatskoj sniziti trošak zaduživanja?." Privredna kretanja i ekonomska politika 27, br. 1 (142) (2018): 71-94. https://doi.org/10.15179/pkiep.27.1.2
Harvard
Kunovac, D., i Pavić, N. (2018). 'Može li uvođenje eura u Hrvatskoj sniziti trošak zaduživanja?', Privredna kretanja i ekonomska politika, 27(1 (142)), str. 71-94. https://doi.org/10.15179/pkiep.27.1.2
Vancouver
Kunovac D, Pavić N. Može li uvođenje eura u Hrvatskoj sniziti trošak zaduživanja?. Privredna kretanja i ekonomska politika [Internet]. 2018 [pristupljeno 24.08.2019.];27(1 (142)):71-94. https://doi.org/10.15179/pkiep.27.1.2
IEEE
D. Kunovac i N. Pavić, "Može li uvođenje eura u Hrvatskoj sniziti trošak zaduživanja?", Privredna kretanja i ekonomska politika, vol.27, br. 1 (142), str. 71-94, 2018. [Online]. https://doi.org/10.15179/pkiep.27.1.2

Sažetak
The paper analyzes the impact of euro adoption on the reduction of borrowing costs of EU member states. The results of the analysis point to the existence of a “euro premium” – after controlling for the dynamics in the macroeconomic fundamentals of particular countries and the market sentiment, member states of the monetary union have, on average, lower borrowing costs and higher credit ratings than other EU member states. In order to draw attention to the significance that the results could have for bank interest rates in Croatia in the event of euro adoption, a simple VAR model is used to demonstrate that there is a statistically significant transmission of the changes in government borrowing costs to interest rates on bank loans.

Ključne riječi
euro; borrowing costs; CDS spread; credit rating; Croatia

Hrčak ID: 208244

URI
https://hrcak.srce.hr/208244

[hrvatski]

Posjeta: 355 *