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Faculty of Economics and Business, Maribor (EPF)
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  • Some implications from recent financial crises for Slovenia
    Strašek, Sebastjan ; Jagrič, Timotej
    Transition economies are not immune against these trends. The issue that arise in connection with crisis is to determine what policy implication the currency crisis hold. The problems experienced by ... contagious countries differ from each other, but there are certain weaknesses that should be addressed for the small open transition economy to reduce the chance of a recurrence. This paper singles out five important lessons: financial market liberalization is the best predictor of currency crises, the increased globalisation raise the contagion effects, increased entwinedness between banking and balance-of-payment crises, the crises are becoming unanticipated and keep current account deficit sustainable.
    Source: From transition to development : globalisation and political economy of development in transition economies : conference proceedings. Part 1-2 (Zv. 2, str. 167-178)
    Type of material - conference contribution
    Publish date - 2004
    Language - english
    COBISS.SI-ID - 7813660

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