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Banking Regulation in Croatia: A Qualitative and Quantitative Assessment
In the wake of the global financial crisis, banking regulation has become a crucial aspect of economic stability. Croatia, like many other countries, has faced its share of challenges in this regard. In order to shed light on the effectiveness of banking regulation in Croatia, researchers Milan Deskar-Skrbic, Kristijan Kotarski, and Luka Brkic have conducted a comprehensive analysis.
Changes in the Croatian Banking System
According to their study, published in the book “Policy-Making at the European Periphery: New Perspectives on South-East Europe”, the Croatian banking system has undergone significant changes since the country’s independence. However, despite efforts to strengthen regulation, the sector still faces numerous challenges.
Research Methods
The researchers used a combination of qualitative and quantitative methods to assess the effectiveness of banking regulation in Croatia. They analyzed data from various sources, including the Croatian National Bank, the European Central Bank, and Eurostat, among others.
Findings
Their findings suggest that while regulatory reforms have been implemented, there is still room for improvement. In particular, they highlight the need for more effective supervision and better risk management practices.
Macroprudential Regulation
Impact on Credit Booms and Busts in Croatia
The study also examines the impact of macroprudental regulation on credit booms and busts in Croatia. The researchers found that while these measures have helped to mitigate some risks, they may not be sufficient to prevent future crises.
Conclusion
In conclusion, the authors emphasize the importance of a balanced approach to banking regulation, one that takes into account both micro- and macro-level factors. They recommend further research and policy reforms to ensure the stability and soundness of Croatia’s banking system.
Authors
- Milan Deskar-Skrbic, Erste Bank, Zagreb, Croatia
- Kristijan Kotarski, Faculty of Political Science, University of Zagreb, Zagreb, Croatia
- Luka Brkic, Faculty of Political Science, University of Zagreb, Zagreb, Croatia
Editor
- Zdravko Petak, Faculty of Political Science, University of Zagreb, Zagreb, Croatia
Publisher
- Palgrave Macmillan, Cham
Publication Date
- 31 May 2018