The debt buildup process: Bosnia and Herzegovina – Republic of Srpska versus other European countries
Journal Title: Acta Economica - Year 2013, Vol 11, Issue 18
Abstract
Financial and economic crisis from 2008 created debt problems throughout the world, in developed and developing countries. Although the problems cause by the crisis were similar for all countries there were some specific differences between them. Here, effects of firm’s indebtedness in the Republic of Srpska are analysed in comparison with 15 European countries before and after the crisis, which serve as a benchmark. In the RS and also other considered countries in the collapse year (2009), the relative debt increases of under and over median firms differed drastically. In the main crisis year of 2009 the RS had 2 percentage points higher impact (relative to the Core European countries) of the financial accelerator or/and correspondingly different effect of the shape of firm investment distribution on the debt increase. In 2009, country specific effects on the debt build-up process disappeared for all other observed countries except the RS, while in the year after the collapse they disappeared in the RS and picked upped again in all other countries, showing lagging of the impact of the crisis as well as a milder effect in the RS.
Authors and Affiliations
Velimir Bole, Janez Prašnikar, Domen Trobec
Keywords
Related Articles
- EP ID EP43754
- DOI https://doi.org/10.7251/ACE1318033B
- Views 282
- Downloads 0
Empirical Research into the Relationship Between the Employment Process and Business Performance
Employment process is one of the main components of human resource management. Employment process is implemented through two related practices, and these are recruitment and selection. Efficient recruitment program is a...
The Detection and Prevention of Financial Frauds in Order to Strengthen the Financial Performance of Companies in Republic of Srpska
The global trends, economic and fnancial crisis, as well as numerous corporate and banking scandals and downs caused by fnancial frauds require review and active advancement of former theoretical postulates and professio...
The Correlation between the Risk of Default and Solvency of Member States of the Monetary Union
The debt crisis in the European Monetary Union, emphasized the importance of keeping a responsible fiscal policy, especially in the context of issues of public debt sustainability and solvency of the member countries. Co...
INFORMATION TECHNOLOGY ROLE IN CAPITAL MARKET GLOBALIZATION
Globalization as a process implies interconnection between several physically disjointed locations, or unification of several different markets into one global market. Capital markets first joined the globalization cours...
Improvement of workforce quality in the function of reducing structural unemployment in Republic of Srpska
Погоршање индикатора тржишта рада је реланост са којом се данас сусрећу многе земље. Стопа незапослености у Републици Српској константно расте већ низ година и тренутно је 2,5 пута већа од просјечене стопе незапослености...