Suchergebnisse

The article focuses on the interconnectedness of foreign policy environments to explain Slovenia's opportunities and constraints for foreign policy action. During the period of pre-independence para-diplomacy, the building of an internal and external domestic environment successfully turned constraints (no international recognition) into opportunities (applying for membership of European and global intergovernmental organizations). In the second period — post-recognition — considering the absence of a strategic foreign policy document, the Slovenian internal foreign policy environment became a major constraint to seize foreign environment opportunities. This affected Slovenia's accomplishments, notably after NATO and EU memberships were achieved in 2004. Although the Slovenian internal environment matured during the following period to adopt, in 2015, a comprehensive foreign policy strategy the recent turn in world politics (especially the European financial and economic crisis and the migration crisis) created for the first time a foreign environment for Slovenia that offered many fewer opportunities and far more constraints. ; The article focuses on the interconnectedness of foreign policy environments to explain Slovenia's opportunities and constraints for foreign policy action. During the period of pre-independence para-diplomacy, the building of an internal and external domestic environment successfully turned constraints (no international recognition) into opportunities (applying for membership of European and global intergovernmental organizations). In the second period — post-recognition — considering the absence of a strategic foreign policy document, the Slovenian internal foreign policy environment became a major constraint to seize foreign environment opportunities. This affected Slovenia's accomplishments, notably after NATO and EU memberships were achieved in 2004. Although the Slovenian internal environment matured during the following period to adopt, in 2015, a comprehensive foreign policy strategy the recent turn in world politics (especially the European financial and economic crisis and the migration crisis) created for the first time a foreign environment for Slovenia that offered many fewer opportunities and far more constraints.

U ovom radu istražuje se odnos između deviznih rezervi (FER) i inozemnog zaduživanja (FB) u okviru upravljanja kapitalnim tokovima. Da bi se istražio ovaj odnos i ispitao učinak kontrole kapitala na devizne pričuve i inozemne dugove za 25 zemalja u razvoju tijekom razdoblja 1985. - 2019.godine, primjenjena su dva pristupa: model autoregresije panelnih vektora (PVAR) i tradicionalni model potražnje deviznih pričuva. Rezultati pokazuju negativnu povezanost između FER-a i FB-a, a smjer uzročnosti je od dugova prema deviznim pričuvama. Kontrola kapitala, kao uspješna politika za ograničavanje kratkoročnih tokova, ne utječe na akumuliranje deviznih pričuva i, suprotno, smanjuje kratkoročne vanjske dugove. Korištenje neto inozemne imovine umjesto deviznih rezervi ukazuje na različite učinke kontrole kapitala i stoga se nameće pitanje o mogućnosti točne procjene deviznih pričuva. ; The study explores the relationship between foreign exchange reserves (FER) and foreign borrowing (FB) within the framework of the management of capital flows. To investigate this relationship and examine the effect of capital control on foreign exchange reserves and external debt of two approaches are applied, the panel vector autoregression model (PVAR) and a traditional model of the reserve demand for 25 emerging countries over the period 1985-2019. The results show a negative association between FER and FB; the direction of the causality was from debts to reserves. Capital controls, as an instrument to reduce the short-term inflows, fail to restrict the accumulation of exchange reserves and conversely, succeed in limiting the recourse to foreign borrowing. Net foreign assets replacing foreign exchange reserves highlights different impacts of capital controls and raise the issue on a correct evaluation of foreign exchange reserves.

Prvi hrvatski predsjednik Franjo Tuđman vodio je vrlo zanimljivu i kompleksnu vanjsku politiku. Njegovu vanjsku politiku obilježio je Domovinski rat te rat u Bosni i Hercegovini. Franjo Tuđman je vodio hrvatsku narod kroz jedan od najtežih perioda u njegovoj povijesti te je iza njega ostalo mnoštvo upitnika. U ovom radu će se, kroz prizmu realizma, analizirati određena dijela Franje Tuđmana i odnosi koje je vodio sa Srbijom te Bosnom i Hercegovinom, te će se, na temelju te analize, pokušati ponuditi odgovor na pitanje kakva je njegova vanjska politika uistinu bila, odnosno je li ona stvarno bila realistička. ; The first Croatian President Franjo Tuđman has lead a very interesting and complex foreign policy. His foreign policy was marked by the Homeland War and the war in Bosnia and Herzegovina. Franjo Tuđman led the Croatian people through one of the most difficult times in Croatias history and behind him remained a multitude of questions. In this paper, through the prism of realism, we will analyze certain academic works of Franjo Tuđman and the relations he has strived to build with Serbia and Bosnia and Herzegovina, and on that analysis will try to offer an answer to the question of what his foreign policy really was and was it really realistic.