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Analysis Of The Capital Market In Croatia

Author

Listed:
  • Buljat, Maja

    ("Baltazar Zapresic" University of Applied Sciences, Zapresic, Croatia)

  • Ivanovic, Zoran

    (University of Rijeka, Croatia)

  • Baresa, Suzana

    (University of Rijeka, Croatia)

Abstract

The financial crisis that began in 2008 in the USA turned into a global economic crisis in a short time. As such, it had a big impact on the financial stability of Croatia, primarily on capital market. Capital market includes securities trading, primarily stocks and bonds, whose market value is influenced by the market capitalization of capital market and vice versa. Macro economically, market capitalization had an influence on the fall in the value of the entire capital market, and micro economically, it had an influence on the fall of the prices of stocks, bonds and other financial instruments of companies. The volume of trade decreased, but there was an increase in the number of transactions. In other words, people traded more and in smaller quantities. Therefore, the risk increased, and investors became more cautious.

Suggested Citation

  • Buljat, Maja & Ivanovic, Zoran & Baresa, Suzana, 2015. "Analysis Of The Capital Market In Croatia," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 6(2), pages 223-232.
    • Handle: RePEc:ris:utmsje:0156
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    File URL: http://utmsjoe.mk/files/Vol.%206%20No.%202/UTMSJOE-2015-0602-004-Buljat-Ivanovic-Baresa.pdf
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    References listed on IDEAS

    as
    1. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    2. Charles Amo Yartey, 2008. "The Determinants of Stock Market Development in Emerging Economies: Is South Africa Different?," IMF Working Papers 2008/032, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Mihaela Grubišiæ Šeba, 2017. "20 Years of the Croatian Capital Market," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 20(SCI), pages 41-58, April.
    2. Tomasz Schabek & Bojana Olgiæ Draženoviæ & Davor Mance, 2019. "Reaction of Zagreb Stock Exchange CROBEX Index to macroeconomic announcements within a high frequency time interval," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(2), pages 741-758.

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    More about this item

    Keywords

    economic crisis; capital market; securities; risk;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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