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            <name>Title</name>
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                <text>Coronavirus</text>
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                <text>Dominio científico: Coronavirus</text>
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              <text>Countries of former yugoslavia: Periphery vs. super-periphery in the great recession and beyond</text>
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              <text>Bole Velimir, Dominko Miha, Guštin-Habuš Ada, Prašnikar Janez</text>
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              <text>The paper deals with the performance of former Yugoslav countries during the    Great Recession. It compares the performance of peripheral countries    (Slovenia and Croatia) with those of superperipheral countries (Bosnia, the    Republic of North Macedonia, Montenegro, and Serbia). The focus of the    analysis is the four channels of crisis transmission and amplification: the    capital surge as the external channel on the one hand, and the financial    accelerator, the banking credit extension, and liquidity as internal    channels on the other. While the external channel drove the dynamics of the    crisis, the internal channels amplified, broadened, and prolonged its    drastic economic consequences. The paper depicts the trajectory of the    consequences of the Great Recession for both peripheral and super-peripheral    countries. It shows that, regarding financial stability, peripheral    countries outperformed superperipheral countries in the boom phase, but not    in the bust and recovery phases. The crucial factor influencing such a    deterioration of peripheral countries’ financial stability was the policy    measures enforced by the European Commission and ECB, calibrated to the    needs of the largest and strongest economies of the euro area, while    neglecting the asymmetric dynamics of European economies in the bust and    recovery phases. The paper concludes with a warning that something similar    could happen in the present crisis triggered by the Covid-19 virus.</text>
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              <text>2019</text>
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          <name>Subject</name>
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            <elementText elementTextId="82898">
              <text>investments, indebtedness, capital flows, bank lending, credit supply and demand</text>
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              <text>10.2298/EKA1923011B</text>
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              <text>Ekonomski Anali</text>
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          <name>Publisher</name>
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              <text>Faculty of Economics, Belgrade</text>
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          <name>Coverage</name>
          <description>The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant</description>
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            <elementText elementTextId="82902">
              <text>Economic growth, development, planning</text>
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