This research investigates diversification possibilities of the four West Balkan capital markets: Sarajevo, Banja Luka, Zagreb and Belgrade Stock Exchanges. Although these markets are highly segmented with different regulations, the capital flow between them is without constraints. By analyzing six main stock market indices in a 34-month period, from 2006 till 2008, we found low to medium positive statistically significant correlation between indices returns pairs. Even though the analyzed period included the second half of 2008, when the ongoing financial and economic crisis became global, the results are encouraging. By Markowitz portfolio selection process, the diversification effect was proven on the analyzed capital markets.
The paper provides an overview of the trend in the concentration of the total assets of banks in Croatia for the period from 2007 to 2016 with the aim of analysing and presenting the changes that occurred in the system. Also, the paper shows the theoretical framework of the indicators used in the research as well as the comparison of their obtained values. The data used to calculate the total assets concentration are taken from the Croatian National Bank. The concentration indices used in the study include the entropy measure, the Theil entropy, the Gini coefficient, the Pietra index, the Atkinson index and the coefficient of variation. The results indicate a very slight decrease in concentration over the past several years, while the coefficient of variation points to the heterogeneity of the system, as well as to inequalities among the banks, which are most evident in the size of banks assets.
This paper presents linear and goal programming optimization models for determining and analyzing the food basket in Bosnia and Herzegovina (BiH) The results also can be used in planning for agricultural production and the creation of national programs, such as, for example, the enrichment of food. The target intake of nutrients for a population is the average intake of certain food components or individual food groups preferable for maintaining health, where health is defined as the low incidence of disease directly associated with food intake. Unlike many
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