The CROBEX in the EU. The CROBEX under the influence of Croatia's EU-accession

Inhaltsverzeichnis (Table of Contents)

• Abstract
• Abbreviation
• List of Figures
• 1. Introduction
• 1.1 Problem Statement
• 1.2 Research Question
• 2. Financial markets and the European Union
• 2.1 The Fundamentals of financial markets
• 2.1.1 Classifying different types of financial markets
• 2.1.2 Basic Definitions for stock market analysis
• 2.1.3 Factors influencing the value of a stock
• 2.1.3.1 Political and macroeconomic events
• 2.2 Economic Integration in the European Union
• 2.2.1 History and integration process
• 2.2.2 Effects of European Integration on the economies and financial markets of member states
• Part II: Empirical Case Study for Croatia
• 3. Overview of Croatia's EU accession and current economic situation
• 3.1 Characteristics
• 3.2 Croatia's EU accession
• 3.2.1 History
• 3.2.2 Accession problems
• 3.2.3 Croatia the 28'th member state
• 3.3 Main economic indicators
• 3.3.1 Unemployment
• 3.3.2 Growth
• 3.3.3 Inflation
• 3.3.4 Indebtedness in foreign countries
• 3.3.5 Trade industry
• 4. Croatia's Financial Market
• 4.1 Financial system and stock market
• 4.2 ZSE - Zagreb Stock Exchange
• 4.2.1 CROBEX
• 4.2.1.1 Development of the CROBEX
• 5. The stock market effect of the EU accession: Analysis of CROBEX
• 5.1 Analytical part I: fluctuations during accession negotiations
• 5.2 Analytical part II: economic effect
• 5.2.1 The economic effect of the EU accession
• 5.2.2 CROBEX chart 2007 - 2014
• 5.3 Main findings
• 6. Conclusion
• 7. References
• 8. Appendix

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis investigates the impact of the EU accession process on the Croatian capital market and its main index, the CROBEX. It aims to analyze how Croatia's integration into the EU has affected its stock market performance and investor behavior.

• The complexity of EU accession and its effects on national economies and financial markets.
• The role of the capital market in a national economy.
• The impact of political and macroeconomic events on stock markets.
• The analysis of Croatia's EU accession and its economic situation.
• The impact of Croatia's EU accession on the CROBEX index.

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter 1: Introduction introduces the research problem and question, which focuses on the influence of Croatia's EU accession on its capital market and the CROBEX index.
• Chapter 2: Financial Markets and the European Union provides a foundation for the research by exploring the fundamentals of financial markets, different types of financial markets, and factors influencing stock values. It also covers the history and process of economic integration in the EU, including its effects on member states' economies and financial markets.
• Chapter 3: Overview of Croatia's EU Accession and Current Economic Situation presents a detailed overview of Croatia's EU accession process, its current economic situation, and key economic indicators such as unemployment, growth, inflation, indebtedness, and trade.
• Chapter 4: Croatia's Financial Market explores the structure of Croatia's financial system and stock market, focusing on the Zagreb Stock Exchange (ZSE) and its main index, the CROBEX.
• Chapter 5: The Stock Market Effect of the EU Accession: Analysis of CROBEX presents an analysis of the CROBEX index, examining its fluctuations during accession negotiations and the economic impact of the EU accession. This chapter analyzes the relationship between the EU accession and Croatia's stock market performance.

Schlüsselwörter (Keywords)

This research is centered around the EU integration process, its impact on Croatia's capital market, and the CROBEX index. Key terms include EU accession, financial markets, stock market analysis, economic integration, investor behavior, macroeconomic events, and the CROBEX index.

Frequently Asked Questions

What is the CROBEX?

The CROBEX is the main equity index of the Zagreb Stock Exchange (ZSE) in Croatia, representing the performance of the country's capital market.

How did the EU accession affect Croatia's stock market?

The thesis analyzes fluctuations during negotiations and the long-term economic effects of integration, showing how the market adapted to EU standards and investor expectations.

What factors influence the value of a stock in Croatia?

Key factors include political events, macroeconomic indicators like inflation and growth, and specific developments related to the European Union integration process.

What are Croatia's main economic indicators discussed?

The study reviews unemployment rates, GDP growth, inflation, foreign indebtedness, and the performance of the trade industry.

What are the benefits of EU integration for a member state?

Benefits include the abolishment of borders, new job opportunities, increased economic stability, and access to a larger common market.