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The new issue of the journal Financial Theory and Practice
Published: December 10, 2014

The new issue of the journal Financial Theory and Practice brings the paper by Dubravko Mihaljek Domestic bank intermediation in emerging market economies during the 2008-09 crisis, an analysis on bank intermediation in emerging market economies at the height of the global financial crisis. Hrvoje Šimović, Helena Blažić and Ana Štambuk in the paper Perspectives of tax reforms in Croatia: expert opinion survey present the findings of a survey on what tax experts think about the overall current situation and problems in the Croatian tax system and what they expect from tax policy in the future. Tine Stanovnik and Miroslav Verbič in the paper Personal income tax reforms and tax progressivity in Slovenia, 1991-2012 analyse income inequality and the effects of the personal income tax in Slovenia. Magdalena Małgorzata Hybka in the paper Legislative proposal for a controlled foreign companies regime in Poland from an international perspective reviews a legislative proposal on avoiding corporate profit shifting in Poland. Predrag Bejaković reviews the book Emerging from the Shadow: A Comparative Qualitative Exploration of Private Tutoring in Eurasia. Martina Fabris prepared the list of published papers in the journal Financial Theory and Practice in 2014 and the list of peer-reviewers from 1999 to 2014.

Annual award ceremony 2014
Published: December 5, 2014

The annual award ceremony of the prof. dr. Marijan Hanzekovic Foundation was held on Friday December 5, 2014.

In the regular category the 50,000 kn prize, the diploma and medals was won by Miljana Valdec and Jurica Zrnc (Croatian National Bank, Zagreb) for the paper "The direction of causality between exports and firm performance: microeconomic evidence from Croatia using the matching approach". The award in the student category wasn’t awarded due to the insufficiant quality of submitted papers.

The members of the award committee for 2014 were Vjekoslav Bratić (Institute of Public Finance, Zagreb); Dubravka Jurlina Alibegović (The Institute of Economics, Zagreb); Evan Kraft (American University, Washington D.C.); Dubravko Mihaljek (Bank for International Settlements, Basel) and Katarina Ott (Institute of Public Finance, Zagreb).

The awarded papers are published in the journal Financial Theory and Practice No. 1/15.


Osnove upravljanja javnim dugom
Published: 2011
ISBN: 978-953-7613-47-1
Osnove upravljanja javnim dugom is a university textbook that deals with the understanding of the concept, structure and techniques of issuing public debt...
Press Releases
In the latest Press Release entitled New tax revenue distribution between central government and units of local and regional self-government in Croatia Anto Bajo and Marko Primorac analyse a proposal for a new tax revenue distribution plan set out in the Proposal for an Act on Amendments to the Act on the Financing of Units of Local and Regional Self-government, forwarded to Parliament for urgent procedure in November.

In the last two years state companies from the road transport sector have borrowed under relatively unfavourable conditions from both domestic and foreign commercial banks and with maturities of less than seven years. In the new Newsletter entitled Government guarantees and financial liabilities of state owned road transport companies in Croatia Anto Bajo and Jelena Petrušić provide an overview of the amount and the structure of financial liabilities and government guarantees made from 2001 to 2014 to the state-owned road transport companies.

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