{"id":"https://openalex.org/W2003832076","doi":"https://doi.org/10.1093/cep/byj033","title":"FLOATING WITH A LARGE LIFE JACKET: MONETARY AND EXCHANGE RATE POLICIES IN CROATIA UNDER DOLLARIZATION","display_name":"FLOATING WITH A LARGE LIFE JACKET: MONETARY AND EXCHANGE RATE POLICIES IN CROATIA UNDER DOLLARIZATION","publication_year":2006,"publication_date":"2006-03-09","ids":{"openalex":"https://openalex.org/W2003832076","doi":"https://doi.org/10.1093/cep/byj033","mag":"2003832076"},"language":"en","primary_location":{"id":"doi:10.1093/cep/byj033","doi":"https://doi.org/10.1093/cep/byj033","is_oa":false,"landing_page_url":"https://doi.org/10.1093/cep/byj033","pdf_url":null,"source":{"id":"https://openalex.org/S185930956","display_name":"Contemporary Economic Policy","issn_l":"1074-3529","issn":["1074-3529","1465-7287"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Contemporary Economic Policy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044032376","display_name":"Vedran \u0160o\u0161i\u0107","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"VEDRAN \u0160O\u0160I\u0106","raw_affiliation_strings":["S\u030cos\u030cic\u0301: Research Adviser, Mission of the Republic of Croatia to the EU, Avenue des Arts, 50 B - 1000 Brussels, Belgium. Phone: 00 32 2 507 54 11,","\u0160o\u0161i\u0107: Research Adviser, Mission of the Republic of Croatia to the EU, Avenue des Arts, 50 B \u2010 1000 Brussels, Belgium. Phone: 00 32 2 507 54 11, Fax: 00 32 2 646 56 64,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"S\u030cos\u030cic\u0301: Research Adviser, Mission of the Republic of Croatia to the EU, Avenue des Arts, 50 B - 1000 Brussels, Belgium. Phone: 00 32 2 507 54 11,","institution_ids":[]},{"raw_affiliation_string":"\u0160o\u0161i\u0107: Research Adviser, Mission of the Republic of Croatia to the EU, Avenue des Arts, 50 B \u2010 1000 Brussels, Belgium. Phone: 00 32 2 507 54 11, Fax: 00 32 2 646 56 64,","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5028207074","display_name":"Evan Kraft","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210113800","display_name":"Croatian National Bank","ror":"https://ror.org/01e154458","country_code":"HR","type":"other","lineage":["https://openalex.org/I4210113800"]}],"countries":["HR"],"is_corresponding":true,"raw_author_name":"EVAN KRAFT","raw_affiliation_strings":["Kraft: Advisor to the Governor, Croatian National Bank, Trg hrvatskih velikana 3, 10000 Zagreb, Croatia. Phone: +385 1 4564 858,","Kraft: Advisor to the Governor, Croatian National Bank, Trg hrvatskih velikana 3, 10000 Zagreb, Croatia. Phone: +385 1 4564 858, Fax: +385 1 4564 784,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Kraft: Advisor to the Governor, Croatian National Bank, Trg hrvatskih velikana 3, 10000 Zagreb, Croatia. Phone: +385 1 4564 858,","institution_ids":["https://openalex.org/I4210113800"]},{"raw_affiliation_string":"Kraft: Advisor to the Governor, Croatian National Bank, Trg hrvatskih velikana 3, 10000 Zagreb, Croatia. Phone: +385 1 4564 858, Fax: +385 1 4564 784,","institution_ids":["https://openalex.org/I4210113800"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5028207074","https://openalex.org/A5044032376"],"corresponding_institution_ids":["https://openalex.org/I4210113800"],"apc_list":{"value":2970,"currency":"USD","value_usd":2970},"apc_paid":null,"fwci":1.8995,"has_fulltext":false,"cited_by_count":11,"citation_normalized_percentile":{"value":0.89551789,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"24","issue":"4","first_page":"492","last_page":"506"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8823000192642212,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8823000192642212,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.10939999669790268,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.0052999998442828655,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dollarization","display_name":"dollarization","score":0.9900000095367432},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.6439999938011169},{"id":"https://openalex.org/keywords/exchange-rate-policy","display_name":"exchange rate policy","score":0.9860000014305115},{"id":"https://openalex.org/keywords/exchange-rate-smoothing","display_name":"exchange rate smoothing","score":0.7749999761581421},{"id":"https://openalex.org/keywords/credit-risk","display_name":"credit risk","score":0.7120000123977661},{"id":"https://openalex.org/keywords/currency-mismatch","display_name":"currency mismatch","score":0.7649999856948853},{"id":"https://openalex.org/keywords/financial-stability","display_name":"financial stability","score":0.6140000224113464},{"id":"https://openalex.org/keywords/euro-adoption","display_name":"euro adoption","score":0.5529999732971191},{"id":"https://openalex.org/keywords/de-dollarization","display_name":"de-dollarization","score":0.7170000076293945},{"id":"https://openalex.org/keywords/central-bank","display_name":"central bank","score":0.5329999923706055},{"id":"https://openalex.org/keywords/croatia","display_name":"Croatia","score":0.546999990940094}],"concepts":[{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.7203525304794312},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6581566333770752},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6568168997764587},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6518945693969727},{"id":"https://openalex.org/C95383336","wikidata":"https://www.wikidata.org/wiki/Q4198710","display_name":"Depreciation (economics)","level":5,"score":0.6071246266365051},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.6008131504058838},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.5418615341186523},{"id":"https://openalex.org/C70455891","wikidata":"https://www.wikidata.org/wiki/Q220788","display_name":"Devaluation","level":3,"score":0.4890535771846771},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.47064417600631714},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.4690476059913635},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.36281973123550415},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.0},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C58202505","wikidata":"https://www.wikidata.org/wiki/Q5035700","display_name":"Capital formation","level":4,"score":0.0},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1093/cep/byj033","doi":"https://doi.org/10.1093/cep/byj033","is_oa":false,"landing_page_url":"https://doi.org/10.1093/cep/byj033","pdf_url":null,"source":{"id":"https://openalex.org/S185930956","display_name":"Contemporary Economic Policy","issn_l":"1074-3529","issn":["1074-3529","1465-7287"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Contemporary Economic Policy","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W598538156","https://openalex.org/W1575368851","https://openalex.org/W1604712598","https://openalex.org/W1606234416","https://openalex.org/W1917465793","https://openalex.org/W1984984590","https://openalex.org/W1997073200","https://openalex.org/W1999044310","https://openalex.org/W2006921996","https://openalex.org/W2072824357","https://openalex.org/W2117619133","https://openalex.org/W2119791482","https://openalex.org/W2119942364","https://openalex.org/W2123261522","https://openalex.org/W2129651695","https://openalex.org/W2166489660","https://openalex.org/W2954375839","https://openalex.org/W3121472476","https://openalex.org/W3121546941","https://openalex.org/W3121821534","https://openalex.org/W3122262361","https://openalex.org/W3124399006","https://openalex.org/W3125346609","https://openalex.org/W3125441994","https://openalex.org/W4235035879","https://openalex.org/W4239204432","https://openalex.org/W4246550912","https://openalex.org/W4317564389","https://openalex.org/W4376599271"],"related_works":["https://openalex.org/W2166489660","https://openalex.org/W7100413945","https://openalex.org/W1529498912","https://openalex.org/W2953524025","https://openalex.org/W213188299","https://openalex.org/W7098927971","https://openalex.org/W2838913524","https://openalex.org/W2947133963","https://openalex.org/W2887433882","https://openalex.org/W2754935490"],"abstract_inverted_index":{"Even":[0],"after":[1],"more":[2,100],"than":[3,84],"a":[4],"decade":[5],"of":[6,62,77],"low":[7],"inflation,":[8],"Croatia":[9],"remains":[10],"highly":[11],"dollarized.":[12],"Commercial":[13],"banks":[14],"avoid":[15],"currency":[16,29],"mismatch":[17],"by":[18],"indexing":[19],"loans":[20],"to":[21,53,65,86,95,102],"the":[22,60,73,78,89,97],"exchange":[23,45,50],"rate.":[24],"Although":[25],"this":[26],"eliminates":[27],"direct":[28],"risk,":[30,34],"it":[31],"creates":[32],"credit":[33],"because":[35],"any":[36],"larger":[37],"depreciation":[38],"might":[39],"induce":[40],"borrower":[41],"defaults.":[42],"Monetary":[43],"and":[44,75],"rate":[46,51],"policies":[47],"focus":[48],"on":[49],"smoothing":[52],"safeguard":[54],"financial":[55],"stability.":[56],"Dollarization":[57],"has":[58,92],"prevented":[59],"use":[61],"monetary":[63],"policy":[64],"stabilize":[66],"output.":[67],"Given":[68],"Croatia's":[69],"likely":[70],"entry":[71],"into":[72],"EU":[74],"adoption":[76],"Euro,":[79],"dedollarization":[80],"seems":[81],"unfeasible.":[82],"Rather":[83],"attempting":[85],"reverse":[87],"dollarization,":[88],"central":[90],"bank":[91],"taken":[93],"measures":[94],"make":[96],"banking":[98],"system":[99],"robust":[101],"shocks.":[103],"(JEL":[104],"E52,":[105],"E58,":[106],"F31,":[107],"G21,":[108],"P24)":[109]},"counts_by_year":[{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}