Money Market - Loans Hafner, Marjan
Slovenian economic mirror,
04/2008, Letnik:
14, Številka:
4
Journal Article
After the relatively strong growth in January, growth of domestic banks' lending activity was considerably below 2% in February and March. The decline in monthly growth rates of loans was fairly ...evenly distributed to euro and foreign currency loans. Net borrowing of domestic banks abroad strengthened somewhat in February, but remains below the average 2007 level. Households continue to take out mainly housing loans, which account for more than two thirds of net household borrowing from domestic banks in the first three months of 2008. The gap between the loan rises in Slovenia and in the EMU narrowed somewhat in the first quarter of this year.
In Slovenia, growth of the volume of household deposits in banks recorded a notable monthly increase in March compared to the previous two months. Euro savings continue to strengthen; foreign ...currency savings are declining for the tenth consecutive month due to lower interest rates and exchange rate risk. Contrary to the previous months, the volume of overnight deposits picked up considerably in March, most likely as a consequence of the negative trends on capital markets, since assets from the sale of securities were transferred to bank deposits. The decline in the volume of assets in mutual funds managed by domestic administrators continued to a lesser extent in February as well.
Stock Exchange Hafner, Marjan
Slovenian economic mirror,
04/2008, Letnik:
14, Številka:
4
Journal Article
Negative developments on the Ljubljana Stock Exchange, which started already at the end of the third quarter last year, strengthened notably this year. The value of the main index SBI20 dropped by ...almost a quarter in the first three months of 2008, which is the greatest decline in the last 10 years. The volume of the market capitalization in the first quarter of 2008 fell by 14.6%. The decline was largely offset by the listing of new government bonds on the Ljubljana Stock Exchange in February. Turnover on the Ljubljana Stock Exchange dropped by almost two fifths year on year in the first quarter of 2008.
Money Market - Loans Hafner, Marjan
Slovenian economic mirror,
12/2007, Letnik:
13, Številka:
12
Journal Article
The borrowing of non-banking sectors from domestic banks continues to increase. After September's stagnation, the overall year-on-year increase in the volume of loans rebounded to its highest value ...since comparable data have been available. The volume of corporate borrowing rebounded somewhat in October. The growth of loans for other purposes strengthened appreciably to total 81.7%, year on year. A somewhat greater divergence in the structure of loans by purpose was observed in consumer loans, as their year-on-year growth rate climbed to 19.9%. Although Slovenia exceeds the average growth of loans in the EMU more than threefold, it has been slow to approach the volume of the non-banking sector's indebtedness in the EMU due to its relatively low base.
After the moderation in monthly growth rates of household deposits in the previous two months, their volume declined in October for the first time in 2007. In terms of maturity structure, time ...deposits, which increased for the seventh consecutive month, continued to enjoy somewhat stronger growth. Deposits redeemable at notice still recorded the highest value of net flows in September. After the moderation in the third quarter, net inflows into mutual funds rebounded in October despite the slightly lower monthly return. Their monthly value was approximately at the level of the ten-month average. October's monthly increase in mutual fund assets reached its lowest level in the last eight months, largely as a result of lower return rates, which are mainly attributable to the international financial turmoil.
September's monthly increase in the volume of household deposits in banks totaled less than 1% for the second consecutive month. All euro deposits were on the increase, whereas foreign currency ...deposits recorded growth only in deposits redeemable at notice with fairly high interest rates. Total net flows of household deposits in banks more than doubled in the first nine months of 2007. They achieved a value of EUR 805.2 million. Net inflows into mutual funds have been gradually declining, but they still persist at fairly high levels. In the third quarter they reached their lowest value this year (EUR 93.7 million), which, however, still appreciably exceeds the average of the last few years.
Money Market - Loans Hafner, Marjan
Slovenian economic mirror,
11/2007, Letnik:
13, Številka:
11
Journal Article
In September the non-banking sector's borrowing from domestic banks was at the lowest level in the last six months. The growth of both corporate and household loans declined, whereas the government ...continued to repay loans taken out in domestic banks due to other, more favorable possibilities of financing. In the first three quarters of 2007, banks in Slovenia recorded net lending to domestic non-banking sectors in the amount of EUR 4,955.4 million, which is 70.8% more than in the comparable period of 2006 and 22.0% more than in 2006 as a whole. All types of loans according to purpose posted fairly even growth rates above 2%. The volume of consumer loans increased at a somewhat faster pace than usual.
Money Market - Loans Hafner, Marjan
Slovenian economic mirror,
06/2007, Letnik:
13, Številka:
6
Journal Article
The lending activity of Slovenian banks strengthened considerably in April. At the monthly level, the volume of loans achieved their highest growth since 2005. The volume of loans to enterprises and ...NFI rose by 4.1%. Compared with the previous months, the highest. After the strong growth in March, household borrowing eased off somewhat but it nevertheless remains at a high level. The growth of loans to the non-banking sectors in the EMU is slowing down gradually but is still at a relatively high level.
In Slovenia, the total volume of household deposits in banks stagnated for the second month running in April. The maturity structure of household deposits in banks has been improving somewhat this ...year. The relatively high growth of the volume of assets managed by domestic mutual funds continued in May, when it was almost one-third higher than at the end of 2006. Monthly inflows into mutual funds have topped EUR 40 m for the fifth month running, after having rarely achieved the level of EUR 35 million in the previous two years. Such high values may be attributable to the changed tax legislation and launching of mutual funds in the Balkan markets.
Price stability is one of the four major goals of economic policy. One of the major inflationary factors is the price of oil, which has reached record levels on world markets in recent years. ...Therefore, many empirical studies have been published in which the impact of oil prices on inflation is analyzed using different methods. In this paper we try to identify the impact of oil prices on inflation in Slovenia by applying the input-output costing model. We first present some theoretical and methodological features of the model, and then we analyze the consequences of oil price increases on inflation for the period from 200 to 2003 with the input-output tables for 30 sectors (industries) for the years 2000 and 2001. We also give some comparison between our results and the direct contribution of oil price increases to the CPI. PUBLICATION ABSTRACT
