Financial Theory and Practice最新文献_第8页

Multi-level fiscal system in Bosnia and Herzegovina: evolution and coping with economic crisis 波黑多层次财政制度:演变与应对经济危机

Financial Theory and Practice Pub Date : 2013-09-13 DOI: 10.3326/FINTP.37.3.3

Dinka Antić

引用次数: 5

Tax havens or tax hells? A discussion of the historical roots and present consequences of tax havens 避税天堂还是避税地狱?讨论避税天堂的历史根源和目前的后果

Financial Theory and Practice Pub Date : 2013-09-13 DOI: 10.3326/FINTP.37.3.4

Ana Raposo, P. Mourão

引用次数: 7

Determinants of FDI in transition countries and estimation of the potential level of Croatian FDI 转型期国家外国直接投资的决定因素和克罗地亚外国直接投资潜在水平的估计

Financial Theory and Practice Pub Date : 2013-09-13 DOI: 10.3326/FINTP.37.3.1

Dražen Derado

{"title":"Determinants of FDI in transition countries and estimation of the potential level of Croatian FDI","authors":"Dražen Derado","doi":"10.3326/FINTP.37.3.1","DOIUrl":"https://doi.org/10.3326/FINTP.37.3.1","url":null,"abstract":"In a global economy, foreign direct investment (FDI) represents the main form of international business activities. More than the mere cross-border movement of capital, FDI includes transfer of technology and know-how, thus contributing to competitiveness, employment and trade, and consequently, economic growth and the development of the local economy. The recent drop in international capital flows resulting from global financial and economic crisis has caused concerns regarding growth prospects for the world economy in general and that of less advanced transition countries in particular. By hypothesizing that Croatia, as the next member of the EU, has realized sub-optimal effects in attracting FDI, and that international competition in this field is expected to grow further, the aim of the paper is to find out determining factors behind inward FDI to transition countries, in order to detect the capacities of Croatia in hosting new foreign investment. Statistical analysis, focusing on bilateral FDI-flows and country-specific characteristics, proved the importance of typical â€Ygravityâ€?-type variables, as well as those based on increasing returns to scale, while showing that at present Croatia has exhausted its potentials in hosting new FDI.","PeriodicalId":30016,"journal":{"name":"Financial Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2013-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87300679","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 30

Financiranje velikih gradova / Tereza Rogić Lugarić. Faculty of Law: Study Centre of Public Administration and Public Finances, Zagreb, 2012. 财政部长/特蕾莎·罗吉奇·卢加里奇。法学院:公共行政和公共财政研究中心，萨格勒布，2012年。

Financial Theory and Practice Pub Date : 2013-06-03 DOI: 10.3326/FINTP.37.2.5

Hrvoje Šimović

引用次数: 0

Money laundering: correlation between risk assessment and suspicious transactions 洗钱:风险评估与可疑交易的关系

Financial Theory and Practice Pub Date : 2013-06-03 DOI: 10.3326/FINTP.37.2.3

S. Cindori

{"title":"Money laundering: correlation between risk assessment and suspicious transactions","authors":"S. Cindori","doi":"10.3326/FINTP.37.2.3","DOIUrl":"https://doi.org/10.3326/FINTP.37.2.3","url":null,"abstract":"The risk assessment system was introduced in the Republic of Croatia in 2009, as a result of harmonization with international standards, especially the Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing. Risk assessment is an extensive concept which requires not only a legislative framework, but also the application of numerous criteria for its effective implementation in practice. Among these criteria are suspicious transactions, closely related to the assessment of the customer, transaction, product or service.The undeniable contribution of suspicious transactions to the quality of the risk assessment system will be confirmed by a statistical analysis of a number of West and East European countries. A combination of strict, but sufficiently flexible legal provisions governing the system for prevention of money laundering and terrorist financing and a statistical analysis of reported suspicious transactions will lead to conclusions that either support or represent criticism of the efficiency of application of the risk assessment system in practice.The aforementioned statistical analysis will show whether suspicious transactions are a reliable criterion for the risk assessment analysis, and whether they can be considered the only such criterion. There is a possibility that the findings of the analysis will be contradictory to those of some international studies.","PeriodicalId":30016,"journal":{"name":"Financial Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2013-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77719511","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 7

The effect of political institutions on the size of government spending in European Union member states and Croatia 政治制度对欧盟成员国和克罗地亚政府支出规模的影响

Financial Theory and Practice Pub Date : 2013-06-03 DOI: 10.3326/FINTP.37.2.2

V. Vučković, M. Sertic

引用次数: 9

Fiscal determinants of government borrowing costs: do we have only ourselves to blame? 政府借贷成本的财政决定因素:我们只能怪自己吗?

Financial Theory and Practice Pub Date : 2013-06-03 DOI: 10.3326/FINTP.37.2.1

Alen Bobetko, Mirna Dumičić, Josip Funda

{"title":"Fiscal determinants of government borrowing costs: do we have only ourselves to blame?","authors":"Alen Bobetko, Mirna Dumičić, Josip Funda","doi":"10.3326/FINTP.37.2.1","DOIUrl":"https://doi.org/10.3326/FINTP.37.2.1","url":null,"abstract":"The global financial crisis and the problems in peripheral EU countries resulted in increased attention to fiscal developments and their impact on borrowing costs for both public and private sector. Existing theoretical literature suggests that worsening of current and expected budget balances as well as an increase of public debt lead to a rise in short and long term interest rates for sovereign debtors. However, empirical results are inconclusive, especially for emerging market countries. This paper analyzes the factors that determine the dynamics of government bond spreads, with special emphasis on fiscal indicators. The survey covered 17 European countries, of which 9 are developed and 8 are emerging market economies, all of them members of the EU except Croatia. The empirical part of the paper employs dynamic panel data method and uses the Arellano and Bond estimator to get consistent estimates of parameters of interest. The results show that in the period 2004-2011 fiscal balance and public debt projections had a significant impact on the differences in government bond yields for emerging market countries, with the effect being much stronger during the period after the onset of financial crises. On the other hand, it seems that sovereign spread dynamics in developed countries is driven mostly by the global market sentiment.","PeriodicalId":30016,"journal":{"name":"Financial Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2013-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74714439","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Initiation of Corrupt Exchanges and Severity of Corruption 腐败交流的启动和腐败的严重程度

Financial Theory and Practice Pub Date : 2013-06-03 DOI: 10.3326/FINTP.37.2.4

R. Goel

引用次数: 11

Budget perspective in Croatia after accession to the European Union 克罗地亚加入欧盟后的预算前景

Financial Theory and Practice Pub Date : 2013-03-04 DOI: 10.3326/FINTP.37.1.2

Petar Sopek

{"title":"Budget perspective in Croatia after accession to the European Union","authors":"Petar Sopek","doi":"10.3326/FINTP.37.1.2","DOIUrl":"https://doi.org/10.3326/FINTP.37.1.2","url":null,"abstract":"Upon accession to the European Union, the New Member State’s budget undergoes significant structural changes due to the appearance of new categories of revenues and expenditures. The aim of this paper is to estimate the possible effects of Croatian membership in the EU on changes in the structure and size of budget revenues and expenditures upon the country’s accession to the EU in the second half of 2013, as well as to indicate the possibilities for utilization of EU funds in the new financial perspective up to 2020. It is shown that in 2013 Croatia might realize a positive net financial position in transactions with the EU budget in the amount of approximately 0.28% of GDP, i.e. EUR 136 m. The total net financial position of Croatia due to EU accession, which includes some additional costs and benefits like different harmonization and the need for project co-financing at state and local levels, is also positive in 2013 and amounts to approximately 0.15% of GDP or equivalently EUR 72 m. Total amount of all funds that Croatia might receive in the new EU financial perspective covering the period from 2014 to 2020 amounts to EUR 6.34 bn, whereby annual amounts increase from EUR 0.7 bn in 2014 up to EUR 1.2 bn in 2020. By using exponential regression analysis it is estimated that in 2020 Croatia should be a net recipient of funds from the EU budget in total amount of 1.72% of GDP, i.e. EUR 1.13 bn.","PeriodicalId":30016,"journal":{"name":"Financial Theory and Practice","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2013-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78426931","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Determinants of banks’ net interest margins in Central and Eastern Europe 中东欧银行净息差的决定因素

Financial Theory and Practice Pub Date : 2013-03-04 DOI: 10.3326/FINTP.37.1.1

Mirna Dumičić, Tomislav Rizdak

引用次数: 51