This paper describes an empirical model of country risk premiums and their determinants, relying on recent theories of balance sheet effects. We approach the latter by introducing a novel approach to country risk premiums that assumes that nominal exchange rates can move away from or towards...

We explore the validity of the purchasing power parity (PPP) hypothesis in the case of Croatia. Two cointegration methods were used: Johansen cointegration that assumes symmetry and threshold cointegration that allows for asymmetric adjustment in the short run. The results suggest that in the...

We investigate the effect of financial constraints on the investment decisions of Slovenian firms during the current financial and economic crisis. By estimating the error-correction model and the Euler-equation specification, we found that corporate investments were significantly affected by...

This article investigates the demand for food in Slovenia in 1988-2008 by employing an Almost Ideal Demand System based on Household Budget Survey datasets with own production included. It was established that the demand for food was mostly inelastic, while the responsiveness of households to...

In this article we analyse old-age retirement decisions of Slovenian men and women eligible to retire in the period 1997--2003. In comparison with established market economies we find relatively high probabilities of retirement that decline with age. This unusual pattern can partly be attributed...