The Process of Transition and the Capital Market in the Republic of Croatia

Interdisciplinary Management Research II; Ekonomski fakultet u Osijeku, Osijek, Croatia, Fachhochschule Pforzheim Hochschule für Gestaltung, Technik und Wirtschaft, Pforzheim, Germany

6 Pages Posted: 12 Jun 2008 Last revised: 26 Feb 2009

See all articles by Branko Matic

Branko Matic

University of J.J. Strossmayer in Osijek - Faculty of Economics

Branimir Markovi

University of J.J. Strossmayer in Osijek - Faculty of Economics

Abstract

As a transition country, Croatia is confronted with fundamental changes in the segment of capital transactions. These changes are the result of the country's market orientation, of its position in the globalization(integration) processes, but especially of its needs. The limiting framework of a more significant development of the capital market is set by the reached level of development of the Croatian economy, by the underdevelopment of the entire financial market, by, until recently, inadequate legal regulation and, partially, by the specific tradition and conservatism in this segment. The present situation in the segment of capital transactions indicates the comprehensiveness of the changes regarding the development of the capital market, but at the same time the extreme sensitivity of this market to changes of the economic activity in the country, as well as in its surrounding, and high sensibility relating to the political decision about the initiation of negotiations with the European Union concerning the membership of Croatia in this association.

Keywords: financial system, capital market, transition, the European Union

JEL Classification: P2, P3, E44, F36, G1

Suggested Citation

Matic, Branko and Markovi, Branimir, The Process of Transition and the Capital Market in the Republic of Croatia. Interdisciplinary Management Research II; Ekonomski fakultet u Osijeku, Osijek, Croatia, Fachhochschule Pforzheim Hochschule für Gestaltung, Technik und Wirtschaft, Pforzheim, Germany, Available at SSRN: https://ssrn.com/abstract=1144508 or http://dx.doi.org/10.2139/ssrn.1144508

Branko Matic (Contact Author)

University of J.J. Strossmayer in Osijek - Faculty of Economics ( email )

Gajev trg 7
Osijek, 31000
Croatia

HOME PAGE: http://www.efos.hr/nastavnici/bmatic/

Branimir Markovi

University of J.J. Strossmayer in Osijek - Faculty of Economics ( email )

Gajev trg 7
Osijek, 31000
Croatia

HOME PAGE: http://www.efos.hr

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