Finance in Central and Southeastern Europe

Description

This book describes specific problems and proposes solutions for different areas of finance in Central and Southeastern European countries. Covering a broad spectrum of topics, from monetary economics and electronic money to capital markets, banking and insurance, it comprises theoretical and empirical contributions by authors from nine countries - Poland, Slovakia, Croatia, Bosnia and Herzegovina, Romania, Bulgaria, Montenegro, Serbia and Greece. Intended for academics as well as policy makers and practitioners it offers new perspectives on Central and Southeastern European finance research. Front Matter ....Pages i-xiv Is Monetary Policy Really Forward-Looking? The Case of the Czech Republic, Poland and Hungary (Magdalena Szyszko)....Pages 1-16 A Study of the Possible Consequences in the Event of an Accelerated Issuance and Widespread Use of Private e-Money: A Case Study of Montenegro (Biljana Rondovic, Vujica Lazovic, Tamara Djurickovic, Dijana Kovacevic)....Pages 17-34 What Drives a Local Currency Away from Banking Markets? Some Southeast Europe Insights (Srđan Marinković, Ognjen Radović)....Pages 35-56 Exposure to Exchange Rate Risk and Competitiveness: An Application to South-Eastern Europe (Alexandra Horobet, Aleksandar Shivarov, Lucian Belascu)....Pages 57-87 Cointegration Analysis of Non-performing Loans and Macroeconomic Conditions (Kemal Kozarić, Emina Žunić)....Pages 89-102 Explaining CSR Performance with Contextual Factors: Focus on Development Banks (Ana Kundid Novokmet, Andrijana Rogošić)....Pages 103-123 Interdependence Between Indicators Used for Identifying Impending Bankruptcy and Selected Indicators (Anna Siekelova, Ivana Podhorska, Katarina Valaskova)....Pages 125-134 Credit Risk and Bank Profitability: Case of Croatia (Sandra Pepur, Marija Tripović)....Pages 135-144 New Role of Mutual Insurers on the Insurance Market (Marietta Janowicz-Lomott, Adam Śliwiński)....Pages 145-159 Delistings from the Athens Stock Exchange: Recent Evolutions (Antonios Papathanasiou, Chris Grose, Persefoni Polychronidou)....Pages 161-171