id	sid	tid	token	lemma	pos
emaj-92	1	1	volume	volume	NOUN
emaj-92	1	2	6	6	NUM
emaj-92	1	3	no	no	DET
emaj-92	1	4	1	1	NUM
emaj-92	1	5	(	(	PUNCT
emaj-92	1	6	2016	2016	NUM
emaj-92	1	7	)	)	PUNCT
emaj-92	1	8	|	|	ADV
emaj-92	1	9	issn	issn	VERB
emaj-92	1	10	2158	2158	NUM
emaj-92	1	11	-	-	SYM
emaj-92	1	12	8708	8708	NUM
emaj-92	1	13	(	(	PUNCT
emaj-92	1	14	online	online	NOUN
emaj-92	1	15	)	)	PUNCT
emaj-92	1	16	|	|	ADV
emaj-92	1	17	doi	doi	X
emaj-92	1	18	10.5195	10.5195	NUM
emaj-92	1	19	/	/	SYM
emaj-92	1	20	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	1	21	|	|	ADV
emaj-92	1	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	1	23	testing	test	VERB
emaj-92	1	24	the	the	DET
emaj-92	1	25	‘	'	PUNCT
emaj-92	1	26	black	black	ADJ
emaj-92	1	27	swan	swan	NOUN
emaj-92	1	28	effect	effect	NOUN
emaj-92	1	29	’	'	PUNCT
emaj-92	1	30	on	on	ADP
emaj-92	1	31	croatian	croatian	ADJ
emaj-92	1	32	stock	stock	NOUN
emaj-92	1	33	market	market	NOUN
emaj-92	1	34	between	between	ADP
emaj-92	1	35	2000	2000	NUM
emaj-92	1	36	and	and	CCONJ
emaj-92	1	37	2013	2013	NUM
emaj-92	1	38	anita	anita	PROPN
emaj-92	1	39	radman	radman	PROPN
emaj-92	1	40	peša	peša	PROPN
emaj-92	1	41	university	university	PROPN
emaj-92	1	42	of	of	ADP
emaj-92	1	43	zadar	zadar	PROPN
emaj-92	2	1	|	|	ADV
emaj-92	2	2	anitapessa@gmail.com	anitapessa@gmail.com	PROPN
emaj-92	2	3	ana	ana	PROPN
emaj-92	2	4	brajković	brajković	PROPN
emaj-92	2	5	university	university	PROPN
emaj-92	2	6	of	of	ADP
emaj-92	2	7	zadar	zadar	PROPN
emaj-92	3	1	|	|	ADV
emaj-92	3	2	anabrajkov@hotmail.com	anabrajkov@hotmail.com	X
emaj-92	4	1	abstract	abstract	ADV
emaj-92	4	2	we	we	PRON
emaj-92	4	3	tested	test	VERB
emaj-92	4	4	the	the	DET
emaj-92	4	5	economic	economic	ADJ
emaj-92	4	6	activity	activity	NOUN
emaj-92	4	7	and	and	CCONJ
emaj-92	4	8	stock	stock	NOUN
emaj-92	4	9	exchange	exchange	NOUN
emaj-92	4	10	of	of	ADP
emaj-92	4	11	croatia	croatia	PROPN
emaj-92	4	12	as	as	ADP
emaj-92	4	13	a	a	DET
emaj-92	4	14	new	new	ADJ
emaj-92	4	15	country	country	NOUN
emaj-92	4	16	of	of	ADP
emaj-92	4	17	european	european	PROPN
emaj-92	4	18	union	union	PROPN
emaj-92	4	19	(	(	PUNCT
emaj-92	4	20	eu	eu	PROPN
emaj-92	4	21	)	)	PUNCT
emaj-92	4	22	in	in	ADP
emaj-92	4	23	order	order	NOUN
emaj-92	4	24	to	to	PART
emaj-92	4	25	investigate	investigate	VERB
emaj-92	4	26	the	the	DET
emaj-92	4	27	‘	'	PUNCT
emaj-92	4	28	black	black	ADJ
emaj-92	4	29	swan	swan	NOUN
emaj-92	4	30	effect	effect	NOUN
emaj-92	4	31	’	'	PUNCT
emaj-92	4	32	from	from	ADP
emaj-92	4	33	2000	2000	NUM
emaj-92	4	34	to	to	ADP
emaj-92	4	35	2013	2013	NUM
emaj-92	4	36	.	.	PUNCT
emaj-92	5	1	the	the	DET
emaj-92	5	2	empirical	empirical	ADJ
emaj-92	5	3	findings	finding	NOUN
emaj-92	5	4	obtained	obtain	VERB
emaj-92	5	5	in	in	ADP
emaj-92	5	6	application	application	NOUN
emaj-92	5	7	of	of	ADP
emaj-92	5	8	ols	ol	NOUN
emaj-92	5	9	methodology	methodology	NOUN
emaj-92	5	10	and	and	CCONJ
emaj-92	5	11	chow	chow	NOUN
emaj-92	5	12	breaking	breaking	NOUN
emaj-92	5	13	point	point	NOUN
emaj-92	5	14	test	test	NOUN
emaj-92	5	15	provide	provide	VERB
emaj-92	5	16	evidence	evidence	NOUN
emaj-92	5	17	and	and	CCONJ
emaj-92	5	18	show	show	VERB
emaj-92	5	19	that	that	DET
emaj-92	5	20	resignation	resignation	NOUN
emaj-92	5	21	of	of	ADP
emaj-92	5	22	the	the	DET
emaj-92	5	23	croatian	croatian	ADJ
emaj-92	5	24	ex	ex	ADJ
emaj-92	5	25	-	-	ADJ
emaj-92	5	26	prime	prime	ADJ
emaj-92	5	27	minister	minister	NOUN
emaj-92	5	28	did	do	AUX
emaj-92	5	29	lead	lead	VERB
emaj-92	5	30	country	country	NOUN
emaj-92	5	31	successfully	successfully	ADV
emaj-92	5	32	to	to	ADP
emaj-92	5	33	eu	eu	PROPN
emaj-92	5	34	.	.	PUNCT
emaj-92	5	35	also	also	ADV
emaj-92	5	36	,	,	PUNCT
emaj-92	5	37	‘	'	PUNCT
emaj-92	5	38	the	the	DET
emaj-92	5	39	black	black	ADJ
emaj-92	5	40	swan	swan	NOUN
emaj-92	5	41	’	'	PUNCT
emaj-92	5	42	event	event	NOUN
emaj-92	5	43	,	,	PUNCT
emaj-92	5	44	being	be	AUX
emaj-92	5	45	unpredictable	unpredictable	ADJ
emaj-92	5	46	and	and	CCONJ
emaj-92	5	47	having	have	VERB
emaj-92	5	48	huge	huge	ADJ
emaj-92	5	49	impact	impact	NOUN
emaj-92	5	50	on	on	ADP
emaj-92	5	51	political	political	ADJ
emaj-92	5	52	and	and	CCONJ
emaj-92	5	53	economic	economic	ADJ
emaj-92	5	54	environment	environment	NOUN
emaj-92	5	55	in	in	ADP
emaj-92	5	56	croatia	croatia	PROPN
emaj-92	5	57	obtained	obtain	VERB
emaj-92	5	58	through	through	ADP
emaj-92	5	59	crobex	crobex	NOUN
emaj-92	5	60	,	,	PUNCT
emaj-92	5	61	had	have	VERB
emaj-92	5	62	effect	effect	NOUN
emaj-92	5	63	on	on	ADP
emaj-92	5	64	croatian	croatian	ADJ
emaj-92	5	65	stock	stock	PROPN
emaj-92	5	66	exchange	exchange	NOUN
emaj-92	5	67	indices	index	NOUN
emaj-92	5	68	.	.	PUNCT
emaj-92	6	1	authors	author	NOUN
emaj-92	6	2	conclude	conclude	VERB
emaj-92	6	3	that	that	SCONJ
emaj-92	6	4	,	,	PUNCT
emaj-92	6	5	the	the	DET
emaj-92	6	6	resignation	resignation	NOUN
emaj-92	6	7	was	be	AUX
emaj-92	6	8	connected	connect	VERB
emaj-92	6	9	to	to	ADP
emaj-92	6	10	one	one	NUM
emaj-92	6	11	of	of	ADP
emaj-92	6	12	the	the	DET
emaj-92	6	13	first	first	ADJ
emaj-92	6	14	significant	significant	ADJ
emaj-92	6	15	cases	case	NOUN
emaj-92	6	16	of	of	ADP
emaj-92	6	17	corruption	corruption	NOUN
emaj-92	6	18	in	in	ADP
emaj-92	6	19	croatia	croatia	PROPN
emaj-92	6	20	which	which	PRON
emaj-92	6	21	had	have	VERB
emaj-92	6	22	a	a	DET
emaj-92	6	23	negative	negative	ADJ
emaj-92	6	24	impact	impact	NOUN
emaj-92	6	25	on	on	ADP
emaj-92	6	26	the	the	DET
emaj-92	6	27	economic	economic	ADJ
emaj-92	6	28	development	development	NOUN
emaj-92	6	29	of	of	ADP
emaj-92	6	30	the	the	DET
emaj-92	6	31	country	country	NOUN
emaj-92	6	32	in	in	ADP
emaj-92	6	33	general	general	ADJ
emaj-92	6	34	,	,	PUNCT
emaj-92	6	35	dealing	deal	VERB
emaj-92	6	36	at	at	ADP
emaj-92	6	37	the	the	DET
emaj-92	6	38	same	same	ADJ
emaj-92	6	39	time	time	NOUN
emaj-92	6	40	with	with	ADP
emaj-92	6	41	global	global	ADJ
emaj-92	6	42	recession	recession	NOUN
emaj-92	6	43	.	.	PUNCT
emaj-92	7	1	jel	jel	NOUN
emaj-92	7	2	-	-	PUNCT
emaj-92	7	3	classification	classification	NOUN
emaj-92	7	4	:	:	PUNCT
emaj-92	7	5	e44	e44	PROPN
emaj-92	7	6	,	,	PUNCT
emaj-92	7	7	f36	f36	NOUN
emaj-92	7	8	,	,	PUNCT
emaj-92	7	9	f43	f43	NOUN
emaj-92	7	10	,	,	PUNCT
emaj-92	7	11	f47	f47	NOUN
emaj-92	7	12	,	,	PUNCT
emaj-92	7	13	g15	g15	PROPN
emaj-92	7	14	keywords	keyword	NOUN
emaj-92	7	15	:	:	PUNCT
emaj-92	7	16	financial	financial	ADJ
emaj-92	7	17	integration	integration	NOUN
emaj-92	7	18	,	,	PUNCT
emaj-92	7	19	stock	stock	NOUN
emaj-92	7	20	exchange	exchange	NOUN
emaj-92	7	21	,	,	PUNCT
emaj-92	7	22	world	world	NOUN
emaj-92	7	23	crisis	crisis	NOUN
emaj-92	7	24	,	,	PUNCT
emaj-92	7	25	corruption	corruption	NOUN
emaj-92	7	26	,	,	PUNCT
emaj-92	7	27	black	black	ADJ
emaj-92	7	28	swan	swan	NOUN
emaj-92	7	29	new	new	ADJ
emaj-92	7	30	articles	article	NOUN
emaj-92	7	31	in	in	ADP
emaj-92	7	32	this	this	DET
emaj-92	7	33	journal	journal	NOUN
emaj-92	7	34	are	be	AUX
emaj-92	7	35	licensed	license	VERB
emaj-92	7	36	under	under	ADP
emaj-92	7	37	a	a	DET
emaj-92	7	38	creative	creative	ADJ
emaj-92	7	39	commons	common	NOUN
emaj-92	7	40	attribution	attribution	NOUN
emaj-92	7	41	3.0	3.0	NUM
emaj-92	7	42	united	unite	VERB
emaj-92	7	43	states	states	PROPN
emaj-92	7	44	license	license	NOUN
emaj-92	7	45	.	.	PUNCT
emaj-92	8	1	this	this	DET
emaj-92	8	2	journal	journal	NOUN
emaj-92	8	3	is	be	AUX
emaj-92	8	4	published	publish	VERB
emaj-92	8	5	by	by	ADP
emaj-92	8	6	the	the	DET
emaj-92	8	7	university	university	NOUN
emaj-92	8	8	library	library	NOUN
emaj-92	8	9	system	system	NOUN
emaj-92	8	10	of	of	ADP
emaj-92	8	11	the	the	DET
emaj-92	8	12	university	university	PROPN
emaj-92	8	13	of	of	ADP
emaj-92	8	14	pittsburgh	pittsburgh	PROPN
emaj-92	8	15	as	as	ADP
emaj-92	8	16	part	part	NOUN
emaj-92	8	17	of	of	ADP
emaj-92	8	18	its	its	PRON
emaj-92	8	19	d	d	NOUN
emaj-92	8	20	-	-	PUNCT
emaj-92	8	21	scribe	scribe	VERB
emaj-92	8	22	digital	digital	ADJ
emaj-92	8	23	publishing	publishing	NOUN
emaj-92	8	24	program	program	NOUN
emaj-92	8	25	,	,	PUNCT
emaj-92	8	26	and	and	CCONJ
emaj-92	8	27	is	be	AUX
emaj-92	8	28	cosponsored	cosponsor	VERB
emaj-92	8	29	by	by	ADP
emaj-92	8	30	the	the	DET
emaj-92	8	31	university	university	PROPN
emaj-92	8	32	of	of	ADP
emaj-92	8	33	pittsburgh	pittsburgh	PROPN
emaj-92	8	34	press	press	NOUN
emaj-92	8	35	.	.	PUNCT
emaj-92	9	1	volume	volume	NOUN
emaj-92	9	2	6	6	NUM
emaj-92	10	1	no	no	PRON
emaj-92	10	2	1	1	NUM
emaj-92	10	3	(	(	PUNCT
emaj-92	10	4	2016	2016	NUM
emaj-92	10	5	)	)	PUNCT
emaj-92	11	1	|	|	ADV
emaj-92	11	2	issn	issn	VERB
emaj-92	11	3	2158	2158	NUM
emaj-92	11	4	-	-	SYM
emaj-92	11	5	8708	8708	NUM
emaj-92	11	6	(	(	PUNCT
emaj-92	11	7	online	online	NOUN
emaj-92	11	8	)	)	PUNCT
emaj-92	11	9	|	|	ADV
emaj-92	11	10	doi	doi	X
emaj-92	11	11	10.5195	10.5195	NUM
emaj-92	11	12	/	/	SYM
emaj-92	11	13	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	11	14	|	|	ADV
emaj-92	11	15	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	11	16	|	|	ADV
emaj-92	11	17	mailto:anitapessa@gmail.com	mailto:anitapessa@gmail.com	VERB
emaj-92	11	18	mailto:anabrajkov@hotmail.com	mailto:anabrajkov@hotmail.com	PROPN
emaj-92	11	19	http://www.library.pitt.edu/	http://www.library.pitt.edu/	PROPN
emaj-92	11	20	http://www.pitt.edu/	http://www.pitt.edu/	NOUN
emaj-92	11	21	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	X
emaj-92	11	22	http://www.upress.pitt.edu/upressindex.aspx	http://www.upress.pitt.edu/upressindex.aspx	NUM
emaj-92	11	23	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-92	11	24	volume	volume	NOUN
emaj-92	11	25	6	6	NUM
emaj-92	11	26	no	no	DET
emaj-92	11	27	1	1	NUM
emaj-92	11	28	(	(	PUNCT
emaj-92	11	29	2016	2016	NUM
emaj-92	11	30	)	)	PUNCT
emaj-92	11	31	|	|	ADV
emaj-92	11	32	issn	issn	VERB
emaj-92	11	33	2158	2158	NUM
emaj-92	11	34	-	-	SYM
emaj-92	11	35	8708	8708	NUM
emaj-92	11	36	(	(	PUNCT
emaj-92	11	37	online	online	NOUN
emaj-92	11	38	)	)	PUNCT
emaj-92	11	39	|	|	ADV
emaj-92	11	40	doi	doi	X
emaj-92	11	41	10.5195	10.5195	NUM
emaj-92	11	42	/	/	SYM
emaj-92	11	43	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	11	44	|	|	ADV
emaj-92	11	45	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-92	11	46	anita	anita	PROPN
emaj-92	11	47	radman	radman	PROPN
emaj-92	11	48	peša	peša	PROPN
emaj-92	11	49	,	,	PUNCT
emaj-92	11	50	ana	ana	PROPN
emaj-92	11	51	brajković	brajković	NOUN
emaj-92	11	52	emerging	emerge	VERB
emaj-92	11	53	markets	market	NOUN
emaj-92	11	54	journal	journal	NOUN
emaj-92	11	55	|	|	ADV
emaj-92	11	56	p	p	NOUN
emaj-92	11	57	a	a	DET
emaj-92	11	58	g	g	NOUN
emaj-92	11	59	e	e	NOUN
emaj-92	11	60	|1	|1	PRON
emaj-92	11	61	testing	test	VERB
emaj-92	11	62	the	the	DET
emaj-92	11	63	‘	'	PUNCT
emaj-92	11	64	black	black	ADJ
emaj-92	11	65	swan	swan	NOUN
emaj-92	11	66	effect	effect	NOUN
emaj-92	11	67	’	'	PUNCT
emaj-92	11	68	on	on	ADP
emaj-92	11	69	croatian	croatian	ADJ
emaj-92	11	70	stock	stock	NOUN
emaj-92	11	71	market	market	NOUN
emaj-92	11	72	between	between	ADP
emaj-92	11	73	2000	2000	NUM
emaj-92	11	74	and	and	CCONJ
emaj-92	11	75	2013	2013	NUM
emaj-92	11	76	anita	anita	PROPN
emaj-92	11	77	radman	radman	PROPN
emaj-92	11	78	peša	peša	PROPN
emaj-92	11	79	ana	ana	PROPN
emaj-92	11	80	brajković	brajković	PROPN
emaj-92	11	81	1	1	NUM
emaj-92	11	82	.	.	PUNCT
emaj-92	12	1	introduction	introduction	NOUN
emaj-92	12	2	after	after	ADP
emaj-92	12	3	the	the	DET
emaj-92	12	4	collapse	collapse	NOUN
emaj-92	12	5	of	of	ADP
emaj-92	12	6	communist	communist	ADJ
emaj-92	12	7	and	and	CCONJ
emaj-92	12	8	socialist	socialist	ADJ
emaj-92	12	9	regimes	regime	NOUN
emaj-92	12	10	in	in	ADP
emaj-92	12	11	early	early	ADJ
emaj-92	12	12	1990s	1990	NOUN
emaj-92	12	13	,	,	PUNCT
emaj-92	12	14	a	a	DET
emaj-92	12	15	number	number	NOUN
emaj-92	12	16	of	of	ADP
emaj-92	12	17	central	central	ADJ
emaj-92	12	18	and	and	CCONJ
emaj-92	12	19	eastern	eastern	ADJ
emaj-92	12	20	european	european	PROPN
emaj-92	12	21	(	(	PUNCT
emaj-92	12	22	cee	cee	NOUN
emaj-92	12	23	)	)	PUNCT
emaj-92	12	24	economies	economy	NOUN
emaj-92	12	25	established	establish	VERB
emaj-92	12	26	capital	capital	NOUN
emaj-92	12	27	markets	market	NOUN
emaj-92	12	28	as	as	ADP
emaj-92	12	29	part	part	NOUN
emaj-92	12	30	of	of	ADP
emaj-92	12	31	their	their	PRON
emaj-92	12	32	transition	transition	NOUN
emaj-92	12	33	process	process	NOUN
emaj-92	12	34	of	of	ADP
emaj-92	12	35	adopting	adopt	VERB
emaj-92	12	36	market	market	NOUN
emaj-92	12	37	economy	economy	NOUN
emaj-92	12	38	mechanisms	mechanism	NOUN
emaj-92	12	39	(	(	PUNCT
emaj-92	12	40	kim	kim	PROPN
emaj-92	12	41	et	et	PROPN
emaj-92	12	42	al	al	PROPN
emaj-92	12	43	.	.	PROPN
emaj-92	12	44	2005	2005	NUM
emaj-92	12	45	)	)	PUNCT
emaj-92	12	46	.	.	PUNCT
emaj-92	13	1	following	follow	VERB
emaj-92	13	2	the	the	DET
emaj-92	13	3	removal	removal	NOUN
emaj-92	13	4	of	of	ADP
emaj-92	13	5	restrictions	restriction	NOUN
emaj-92	13	6	on	on	ADP
emaj-92	13	7	capital	capital	NOUN
emaj-92	13	8	flows	flow	NOUN
emaj-92	13	9	,	,	PUNCT
emaj-92	13	10	the	the	DET
emaj-92	13	11	opening	opening	NOUN
emaj-92	13	12	up	up	ADP
emaj-92	13	13	to	to	ADP
emaj-92	13	14	foreign	foreign	ADJ
emaj-92	13	15	investors	investor	NOUN
emaj-92	13	16	,	,	PUNCT
emaj-92	13	17	the	the	DET
emaj-92	13	18	creation	creation	NOUN
emaj-92	13	19	of	of	ADP
emaj-92	13	20	appropriate	appropriate	ADJ
emaj-92	13	21	corporate	corporate	ADJ
emaj-92	13	22	governance	governance	NOUN
emaj-92	13	23	structures	structure	NOUN
emaj-92	13	24	and	and	CCONJ
emaj-92	13	25	the	the	DET
emaj-92	13	26	establishment	establishment	NOUN
emaj-92	13	27	of	of	ADP
emaj-92	13	28	ownership	ownership	NOUN
emaj-92	13	29	rights	right	NOUN
emaj-92	13	30	,	,	PUNCT
emaj-92	13	31	both	both	DET
emaj-92	13	32	market	market	NOUN
emaj-92	13	33	capitalization	capitalization	NOUN
emaj-92	13	34	and	and	CCONJ
emaj-92	13	35	daily	daily	ADJ
emaj-92	13	36	trading	trading	NOUN
emaj-92	13	37	volumes	volume	NOUN
emaj-92	13	38	increased	increase	VERB
emaj-92	13	39	rapidly	rapidly	ADV
emaj-92	13	40	in	in	ADP
emaj-92	13	41	the	the	DET
emaj-92	13	42	ceecs	ceec	NOUN
emaj-92	13	43	during	during	ADP
emaj-92	13	44	the	the	DET
emaj-92	13	45	transition	transition	NOUN
emaj-92	13	46	period	period	NOUN
emaj-92	13	47	(	(	PUNCT
emaj-92	13	48	égert	égert	PROPN
emaj-92	13	49	and	and	CCONJ
emaj-92	13	50	kočenda	kočenda	NOUN
emaj-92	13	51	,	,	PUNCT
emaj-92	13	52	2007	2007	NUM
emaj-92	13	53	)	)	PUNCT
emaj-92	13	54	.	.	PUNCT
emaj-92	14	1	in	in	ADP
emaj-92	14	2	recent	recent	ADJ
emaj-92	14	3	years	year	NOUN
emaj-92	14	4	,	,	PUNCT
emaj-92	14	5	croatia	croatia	PROPN
emaj-92	14	6	has	have	AUX
emaj-92	14	7	reduced	reduce	VERB
emaj-92	14	8	the	the	DET
emaj-92	14	9	lag	lag	NOUN
emaj-92	14	10	in	in	ADP
emaj-92	14	11	the	the	DET
emaj-92	14	12	development	development	NOUN
emaj-92	14	13	of	of	ADP
emaj-92	14	14	its	its	PRON
emaj-92	14	15	financial	financial	ADJ
emaj-92	14	16	system	system	NOUN
emaj-92	14	17	to	to	ADP
emaj-92	14	18	the	the	DET
emaj-92	14	19	more	more	ADV
emaj-92	14	20	advanced	advanced	ADJ
emaj-92	14	21	transition	transition	NOUN
emaj-92	14	22	countries	country	NOUN
emaj-92	14	23	.	.	PUNCT
emaj-92	15	1	the	the	DET
emaj-92	15	2	greatest	great	ADJ
emaj-92	15	3	progress	progress	NOUN
emaj-92	15	4	has	have	AUX
emaj-92	15	5	been	be	AUX
emaj-92	15	6	made	make	VERB
emaj-92	15	7	in	in	ADP
emaj-92	15	8	increasing	increase	VERB
emaj-92	15	9	the	the	DET
emaj-92	15	10	size	size	NOUN
emaj-92	15	11	and	and	CCONJ
emaj-92	15	12	activity	activity	NOUN
emaj-92	15	13	of	of	ADP
emaj-92	15	14	banks	bank	NOUN
emaj-92	15	15	,	,	PUNCT
emaj-92	15	16	where	where	SCONJ
emaj-92	15	17	the	the	DET
emaj-92	15	18	croatian	croatian	ADJ
emaj-92	15	19	banking	banking	NOUN
emaj-92	15	20	system	system	NOUN
emaj-92	15	21	can	can	AUX
emaj-92	15	22	not	not	PART
emaj-92	15	23	compare	compare	VERB
emaj-92	15	24	equally	equally	ADV
emaj-92	15	25	with	with	ADP
emaj-92	15	26	the	the	DET
emaj-92	15	27	banking	banking	NOUN
emaj-92	15	28	systems	system	NOUN
emaj-92	15	29	of	of	ADP
emaj-92	15	30	advanced	advanced	ADJ
emaj-92	15	31	transition	transition	NOUN
emaj-92	15	32	countries	country	NOUN
emaj-92	15	33	.	.	PUNCT
emaj-92	16	1	however	however	ADV
emaj-92	16	2	,	,	PUNCT
emaj-92	16	3	comparison	comparison	NOUN
emaj-92	16	4	with	with	ADP
emaj-92	16	5	the	the	DET
emaj-92	16	6	activity	activity	NOUN
emaj-92	16	7	of	of	ADP
emaj-92	16	8	banks	bank	NOUN
emaj-92	16	9	in	in	ADP
emaj-92	16	10	developed	develop	VERB
emaj-92	16	11	countries	country	NOUN
emaj-92	16	12	shows	show	VERB
emaj-92	16	13	that	that	SCONJ
emaj-92	16	14	,	,	PUNCT
emaj-92	16	15	in	in	ADP
emaj-92	16	16	all	all	DET
emaj-92	16	17	transition	transition	NOUN
emaj-92	16	18	countries	country	NOUN
emaj-92	16	19	there	there	PRON
emaj-92	16	20	is	be	VERB
emaj-92	16	21	scope	scope	NOUN
emaj-92	16	22	for	for	ADP
emaj-92	16	23	further	far	ADV
emaj-92	16	24	strengthening	strengthen	VERB
emaj-92	16	25	bank	bank	NOUN
emaj-92	16	26	activities	activity	NOUN
emaj-92	16	27	towards	towards	ADP
emaj-92	16	28	the	the	DET
emaj-92	16	29	private	private	ADJ
emaj-92	16	30	sector	sector	NOUN
emaj-92	16	31	.	.	PUNCT
emaj-92	17	1	initiating	initiate	VERB
emaj-92	17	2	pension	pension	NOUN
emaj-92	17	3	reform	reform	NOUN
emaj-92	17	4	and	and	CCONJ
emaj-92	17	5	the	the	DET
emaj-92	17	6	rapid	rapid	ADJ
emaj-92	17	7	growth	growth	NOUN
emaj-92	17	8	of	of	ADP
emaj-92	17	9	open	open	ADJ
emaj-92	17	10	investment	investment	NOUN
emaj-92	17	11	funds	fund	NOUN
emaj-92	17	12	soon	soon	ADV
emaj-92	17	13	will	will	AUX
emaj-92	17	14	close	close	VERB
emaj-92	17	15	the	the	DET
emaj-92	17	16	gap	gap	NOUN
emaj-92	17	17	in	in	ADP
emaj-92	17	18	the	the	DET
emaj-92	17	19	development	development	NOUN
emaj-92	17	20	of	of	ADP
emaj-92	17	21	croatian	croatian	ADJ
emaj-92	17	22	non	non	ADJ
emaj-92	17	23	-	-	ADJ
emaj-92	17	24	bank	bank	ADJ
emaj-92	17	25	intermediaries	intermediary	NOUN
emaj-92	17	26	.	.	PUNCT
emaj-92	18	1	the	the	DET
emaj-92	18	2	largest	large	ADJ
emaj-92	18	3	lag	lag	NOUN
emaj-92	18	4	behind	behind	ADP
emaj-92	18	5	advanced	advanced	ADJ
emaj-92	18	6	transition	transition	NOUN
emaj-92	18	7	countries	country	NOUN
emaj-92	18	8	is	be	AUX
emaj-92	18	9	therefore	therefore	ADV
emaj-92	18	10	in	in	ADP
emaj-92	18	11	capital	capital	NOUN
emaj-92	18	12	market	market	NOUN
emaj-92	18	13	development	development	NOUN
emaj-92	18	14	.	.	PUNCT
emaj-92	19	1	however	however	ADV
emaj-92	19	2	,	,	PUNCT
emaj-92	19	3	perspectives	perspective	NOUN
emaj-92	19	4	of	of	ADP
emaj-92	19	5	development	development	NOUN
emaj-92	19	6	of	of	ADP
emaj-92	19	7	the	the	DET
emaj-92	19	8	capital	capital	NOUN
emaj-92	19	9	market	market	NOUN
emaj-92	19	10	today	today	NOUN
emaj-92	19	11	are	be	AUX
emaj-92	19	12	different	different	ADJ
emaj-92	19	13	than	than	ADP
emaj-92	19	14	before	before	ADV
emaj-92	19	15	.	.	PUNCT
emaj-92	20	1	development	development	NOUN
emaj-92	20	2	of	of	ADP
emaj-92	20	3	pension	pension	NOUN
emaj-92	20	4	and	and	CCONJ
emaj-92	20	5	investment	investment	NOUN
emaj-92	20	6	funds	fund	NOUN
emaj-92	20	7	created	create	VERB
emaj-92	20	8	active	active	ADJ
emaj-92	20	9	institutional	institutional	ADJ
emaj-92	20	10	investors	investor	NOUN
emaj-92	20	11	.	.	PUNCT
emaj-92	21	1	in	in	ADP
emaj-92	21	2	other	other	ADJ
emaj-92	21	3	words	word	NOUN
emaj-92	21	4	,	,	PUNCT
emaj-92	21	5	obstacles	obstacle	NOUN
emaj-92	21	6	to	to	ADP
emaj-92	21	7	the	the	DET
emaj-92	21	8	development	development	NOUN
emaj-92	21	9	of	of	ADP
emaj-92	21	10	capital	capital	NOUN
emaj-92	21	11	market	market	NOUN
emaj-92	21	12	that	that	PRON
emaj-92	21	13	are	be	AUX
emaj-92	21	14	arising	arise	VERB
emaj-92	21	15	from	from	ADP
emaj-92	21	16	the	the	DET
emaj-92	21	17	absence	absence	NOUN
emaj-92	21	18	of	of	ADP
emaj-92	21	19	quality	quality	NOUN
emaj-92	21	20	demand	demand	NOUN
emaj-92	21	21	are	be	AUX
emaj-92	21	22	removed	remove	VERB
emaj-92	21	23	(	(	PUNCT
emaj-92	21	24	dalić	dalić	NOUN
emaj-92	21	25	,	,	PUNCT
emaj-92	21	26	2002	2002	NUM
emaj-92	21	27	)	)	PUNCT
emaj-92	21	28	.	.	PUNCT
emaj-92	22	1	although	although	SCONJ
emaj-92	22	2	the	the	DET
emaj-92	22	3	capital	capital	NOUN
emaj-92	22	4	marketing	marketing	NOUN
emaj-92	22	5	in	in	ADP
emaj-92	22	6	our	our	PRON
emaj-92	22	7	area	area	NOUN
emaj-92	22	8	is	be	AUX
emaj-92	22	9	quite	quite	ADV
emaj-92	22	10	young	young	ADJ
emaj-92	22	11	and	and	CCONJ
emaj-92	22	12	undeveloped	undeveloped	ADJ
emaj-92	22	13	,	,	PUNCT
emaj-92	22	14	in	in	ADP
emaj-92	22	15	recent	recent	ADJ
emaj-92	22	16	years	year	NOUN
emaj-92	22	17	it	it	PRON
emaj-92	22	18	has	have	AUX
emaj-92	22	19	increased	increase	VERB
emaj-92	22	20	its	its	PRON
emaj-92	22	21	popularity	popularity	NOUN
emaj-92	22	22	and	and	CCONJ
emaj-92	22	23	many	many	ADJ
emaj-92	22	24	citizens	citizen	NOUN
emaj-92	22	25	have	have	AUX
emaj-92	22	26	became	become	VERB
emaj-92	22	27	owners	owner	NOUN
emaj-92	22	28	of	of	ADP
emaj-92	22	29	shares	share	NOUN
emaj-92	22	30	through	through	ADP
emaj-92	22	31	public	public	ADJ
emaj-92	22	32	offerings	offering	NOUN
emaj-92	22	33	,	,	PUNCT
emaj-92	22	34	or	or	CCONJ
emaj-92	22	35	before	before	ADP
emaj-92	22	36	that	that	PRON
emaj-92	22	37	,	,	PUNCT
emaj-92	22	38	the	the	DET
emaj-92	22	39	privatization	privatization	NOUN
emaj-92	22	40	of	of	ADP
emaj-92	22	41	enterprises	enterprise	NOUN
emaj-92	22	42	.	.	PUNCT
emaj-92	23	1	still	still	ADV
emaj-92	23	2	,	,	PUNCT
emaj-92	23	3	there	there	PRON
emaj-92	23	4	are	be	VERB
emaj-92	23	5	many	many	ADJ
emaj-92	23	6	uncertainties	uncertainty	NOUN
emaj-92	23	7	which	which	PRON
emaj-92	23	8	investors	investor	NOUN
emaj-92	23	9	face	face	VERB
emaj-92	23	10	every	every	DET
emaj-92	23	11	day	day	NOUN
emaj-92	23	12	.	.	PUNCT
emaj-92	24	1	croatia	croatia	PROPN
emaj-92	24	2	has	have	AUX
emaj-92	24	3	been	be	AUX
emaj-92	24	4	struggling	struggle	VERB
emaj-92	24	5	with	with	ADP
emaj-92	24	6	recession	recession	NOUN
emaj-92	24	7	and	and	CCONJ
emaj-92	24	8	poor	poor	ADJ
emaj-92	24	9	prospects	prospect	NOUN
emaj-92	24	10	of	of	ADP
emaj-92	24	11	recovery	recovery	NOUN
emaj-92	24	12	for	for	ADP
emaj-92	24	13	the	the	DET
emaj-92	24	14	sixth	sixth	ADJ
emaj-92	24	15	year	year	NOUN
emaj-92	24	16	in	in	ADP
emaj-92	24	17	a	a	DET
emaj-92	24	18	row	row	NOUN
emaj-92	24	19	.	.	PUNCT
emaj-92	25	1	structural	structural	ADJ
emaj-92	25	2	adjustment	adjustment	NOUN
emaj-92	25	3	measures	measure	NOUN
emaj-92	25	4	are	be	AUX
emaj-92	25	5	still	still	ADV
emaj-92	25	6	lacking	lack	VERB
emaj-92	25	7	,	,	PUNCT
emaj-92	25	8	while	while	SCONJ
emaj-92	25	9	positive	positive	ADJ
emaj-92	25	10	developments	development	NOUN
emaj-92	25	11	in	in	ADP
emaj-92	25	12	net	net	ADJ
emaj-92	25	13	exports	export	NOUN
emaj-92	25	14	and	and	CCONJ
emaj-92	25	15	growth	growth	NOUN
emaj-92	25	16	in	in	ADP
emaj-92	25	17	manufacturing	manufacturing	NOUN
emaj-92	25	18	(	(	PUNCT
emaj-92	25	19	spurred	spur	VERB
emaj-92	25	20	primarily	primarily	ADV
emaj-92	25	21	by	by	ADP
emaj-92	25	22	foreign	foreign	ADJ
emaj-92	25	23	demand	demand	NOUN
emaj-92	25	24	)	)	PUNCT
emaj-92	25	25	are	be	AUX
emaj-92	25	26	slowly	slowly	ADV
emaj-92	25	27	fading	fade	VERB
emaj-92	25	28	.	.	PUNCT
emaj-92	26	1	the	the	DET
emaj-92	26	2	necessary	necessary	ADJ
emaj-92	26	3	preconditions	precondition	NOUN
emaj-92	26	4	for	for	ADP
emaj-92	26	5	a	a	DET
emaj-92	26	6	recovery	recovery	NOUN
emaj-92	26	7	are	be	AUX
emaj-92	26	8	still	still	ADV
emaj-92	26	9	not	not	PART
emaj-92	26	10	in	in	ADP
emaj-92	26	11	place	place	NOUN
emaj-92	26	12	,	,	PUNCT
emaj-92	26	13	and	and	CCONJ
emaj-92	26	14	on	on	ADP
emaj-92	26	15	the	the	DET
emaj-92	26	16	contrary	contrary	NOUN
emaj-92	26	17	,	,	PUNCT
emaj-92	26	18	most	most	ADJ
emaj-92	26	19	of	of	ADP
emaj-92	26	20	the	the	DET
emaj-92	26	21	well	well	ADV
emaj-92	26	22	-	-	PUNCT
emaj-92	26	23	known	know	VERB
emaj-92	26	24	structural	structural	ADJ
emaj-92	26	25	problems	problem	NOUN
emaj-92	26	26	(	(	PUNCT
emaj-92	26	27	low	low	ADJ
emaj-92	26	28	competitiveness	competitiveness	NOUN
emaj-92	26	29	,	,	PUNCT
emaj-92	26	30	weak	weak	ADJ
emaj-92	26	31	labour	labour	NOUN
emaj-92	26	32	market	market	NOUN
emaj-92	26	33	,	,	PUNCT
emaj-92	26	34	administrative	administrative	ADJ
emaj-92	26	35	barriers	barrier	NOUN
emaj-92	26	36	,	,	PUNCT
emaj-92	26	37	etc	etc	X
emaj-92	26	38	.	.	X
emaj-92	26	39	)	)	PUNCT
emaj-92	26	40	remain	remain	VERB
emaj-92	26	41	.	.	PUNCT
emaj-92	27	1	domestic	domestic	ADJ
emaj-92	27	2	demand	demand	NOUN
emaj-92	27	3	is	be	AUX
emaj-92	27	4	still	still	ADV
emaj-92	27	5	hampered	hamper	VERB
emaj-92	27	6	by	by	ADP
emaj-92	27	7	the	the	DET
emaj-92	27	8	weaknesses	weakness	NOUN
emaj-92	27	9	in	in	ADP
emaj-92	27	10	the	the	DET
emaj-92	27	11	labour	labour	NOUN
emaj-92	27	12	market	market	NOUN
emaj-92	27	13	,	,	PUNCT
emaj-92	27	14	continued	continue	VERB
emaj-92	27	15	corporate	corporate	ADJ
emaj-92	27	16	deleveraging	deleveraging	NOUN
emaj-92	27	17	and	and	CCONJ
emaj-92	27	18	widespread	widespread	ADJ
emaj-92	27	19	consumer	consumer	NOUN
emaj-92	27	20	pessimism	pessimism	NOUN
emaj-92	27	21	(	(	PUNCT
emaj-92	27	22	croatia	croatia	PROPN
emaj-92	27	23	country	country	NOUN
emaj-92	27	24	report	report	NOUN
emaj-92	27	25	,	,	PUNCT
emaj-92	27	26	2014	2014	NUM
emaj-92	27	27	)	)	PUNCT
emaj-92	27	28	.	.	PUNCT
emaj-92	28	1	the	the	DET
emaj-92	28	2	zagreb	zagreb	PROPN
emaj-92	28	3	stock	stock	PROPN
emaj-92	28	4	exchange	exchange	PROPN
emaj-92	28	5	in	in	ADP
emaj-92	28	6	croatia	croatia	PROPN
emaj-92	28	7	was	be	AUX
emaj-92	28	8	founded	found	VERB
emaj-92	28	9	in	in	ADP
emaj-92	28	10	1991	1991	NUM
emaj-92	28	11	as	as	ADP
emaj-92	28	12	a	a	DET
emaj-92	28	13	profit	profit	NOUN
emaj-92	28	14	-	-	PUNCT
emaj-92	28	15	making	make	VERB
emaj-92	28	16	corporation	corporation	NOUN
emaj-92	28	17	with	with	ADP
emaj-92	28	18	hrk	hrk	PROPN
emaj-92	28	19	2.7	2.7	NUM
emaj-92	28	20	million	million	NUM
emaj-92	28	21	in	in	ADP
emaj-92	28	22	registered	registered	ADJ
emaj-92	28	23	capital	capital	NOUN
emaj-92	28	24	,	,	PUNCT
emaj-92	28	25	with	with	ADP
emaj-92	28	26	the	the	DET
emaj-92	28	27	main	main	ADJ
emaj-92	28	28	stock	stock	NOUN
emaj-92	28	29	indices	index	NOUN
emaj-92	28	30	crobex	crobex	ADJ
emaj-92	28	31	which	which	PRON
emaj-92	28	32	were	be	AUX
emaj-92	28	33	launched	launch	VERB
emaj-92	28	34	on	on	ADP
emaj-92	28	35	1	1	NUM
emaj-92	28	36	september	september	PROPN
emaj-92	28	37	1997	1997	NUM
emaj-92	28	38	with	with	ADP
emaj-92	28	39	an	an	DET
emaj-92	28	40	initial	initial	ADJ
emaj-92	28	41	value	value	NOUN
emaj-92	28	42	of	of	ADP
emaj-92	28	43	1000	1000	NUM
emaj-92	28	44	points	point	NOUN
emaj-92	28	45	.	.	PUNCT
emaj-92	29	1	while	while	SCONJ
emaj-92	29	2	the	the	DET
emaj-92	29	3	capital	capital	NOUN
emaj-92	29	4	market	market	NOUN
emaj-92	29	5	in	in	ADP
emaj-92	29	6	croatia	croatia	PROPN
emaj-92	29	7	remains	remain	VERB
emaj-92	29	8	small	small	ADJ
emaj-92	29	9	,	,	PUNCT
emaj-92	29	10	fragmented	fragmented	ADJ
emaj-92	29	11	and	and	CCONJ
emaj-92	29	12	underdeveloped	underdeveloped	ADJ
emaj-92	29	13	compared	compare	VERB
emaj-92	29	14	to	to	ADP
emaj-92	29	15	the	the	DET
emaj-92	29	16	capital	capital	NOUN
emaj-92	29	17	markets	market	NOUN
emaj-92	29	18	of	of	ADP
emaj-92	29	19	developed	develop	VERB
emaj-92	29	20	countries	country	NOUN
emaj-92	29	21	,	,	PUNCT
emaj-92	29	22	the	the	DET
emaj-92	29	23	zagreb	zagreb	PROPN
emaj-92	29	24	stock	stock	PROPN
emaj-92	29	25	exchange	exchange	PROPN
emaj-92	29	26	has	have	VERB
emaj-92	29	27	the	the	DET
emaj-92	29	28	highest	high	ADJ
emaj-92	29	29	market	market	NOUN
emaj-92	29	30	capitalization	capitalization	NOUN
emaj-92	29	31	and	and	CCONJ
emaj-92	29	32	volume	volume	NOUN
emaj-92	29	33	of	of	ADP
emaj-92	29	34	trade	trade	NOUN
emaj-92	29	35	(	(	PUNCT
emaj-92	29	36	25	25	NUM
emaj-92	29	37	companies	company	NOUN
emaj-92	29	38	)	)	PUNCT
emaj-92	29	39	in	in	ADP
emaj-92	29	40	the	the	DET
emaj-92	29	41	region	region	NOUN
emaj-92	29	42	.	.	PUNCT
emaj-92	30	1	drawing	draw	VERB
emaj-92	30	2	upon	upon	SCONJ
emaj-92	30	3	the	the	DET
emaj-92	30	4	methods	method	NOUN
emaj-92	30	5	used	use	VERB
emaj-92	30	6	by	by	ADP
emaj-92	30	7	authors	author	NOUN
emaj-92	30	8	who	who	PRON
emaj-92	30	9	have	have	AUX
emaj-92	30	10	dealt	deal	VERB
emaj-92	30	11	with	with	ADP
emaj-92	30	12	the	the	DET
emaj-92	30	13	correlation	correlation	NOUN
emaj-92	30	14	of	of	ADP
emaj-92	30	15	stock	stock	NOUN
emaj-92	30	16	market	market	NOUN
emaj-92	30	17	indices	index	NOUN
emaj-92	30	18	,	,	PUNCT
emaj-92	30	19	we	we	PRON
emaj-92	30	20	researched	research	VERB
emaj-92	30	21	and	and	CCONJ
emaj-92	30	22	analyzed	analyze	VERB
emaj-92	30	23	the	the	DET
emaj-92	30	24	correlation	correlation	NOUN
emaj-92	30	25	of	of	ADP
emaj-92	30	26	stock	stock	NOUN
emaj-92	30	27	market	market	NOUN
emaj-92	30	28	indices	index	NOUN
emaj-92	30	29	in	in	ADP
emaj-92	30	30	croatia	croatia	PROPN
emaj-92	30	31	(	(	PUNCT
emaj-92	30	32	as	as	ADP
emaj-92	30	33	a	a	DET
emaj-92	30	34	country	country	NOUN
emaj-92	30	35	preparing	prepare	VERB
emaj-92	30	36	for	for	ADP
emaj-92	30	37	eu	eu	PROPN
emaj-92	30	38	accession	accession	NOUN
emaj-92	30	39	)	)	PUNCT
emaj-92	31	1	in	in	ADP
emaj-92	31	2	order	order	NOUN
emaj-92	31	3	to	to	PART
emaj-92	31	4	investigate	investigate	VERB
emaj-92	31	5	“	"	PUNCT
emaj-92	31	6	the	the	DET
emaj-92	31	7	black	black	ADJ
emaj-92	31	8	swan	swan	NOUN
emaj-92	31	9	”	"	PUNCT
emaj-92	31	10	effect	effect	NOUN
emaj-92	31	11	.	.	PUNCT
emaj-92	32	1	black	black	ADJ
emaj-92	32	2	swan	swan	NOUN
emaj-92	32	3	(	(	PUNCT
emaj-92	32	4	taleb	taleb	NOUN
emaj-92	32	5	,	,	PUNCT
emaj-92	32	6	2009	2009	NUM
emaj-92	32	7	)	)	PUNCT
emaj-92	32	8	is	be	AUX
emaj-92	32	9	an	an	DET
emaj-92	32	10	unpredictable	unpredictable	ADJ
emaj-92	32	11	event	event	NOUN
emaj-92	32	12	with	with	ADP
emaj-92	32	13	serious	serious	ADJ
emaj-92	32	14	consequences	consequence	NOUN
emaj-92	32	15	,	,	PUNCT
emaj-92	32	16	and	and	CCONJ
emaj-92	32	17	after	after	ADP
emaj-92	32	18	its	its	PRON
emaj-92	32	19	occurrence	occurrence	NOUN
emaj-92	32	20	,	,	PUNCT
emaj-92	32	21	people	people	NOUN
emaj-92	32	22	tend	tend	VERB
emaj-92	32	23	to	to	PART
emaj-92	32	24	think	think	VERB
emaj-92	32	25	of	of	ADP
emaj-92	32	26	explanations	explanation	NOUN
emaj-92	32	27	making	make	VERB
emaj-92	32	28	this	this	DET
emaj-92	32	29	event	event	NOUN
emaj-92	32	30	predictable	predictable	ADJ
emaj-92	32	31	.	.	PUNCT
emaj-92	33	1	events	event	NOUN
emaj-92	33	2	with	with	ADP
emaj-92	33	3	black	black	ADJ
emaj-92	33	4	swan	swan	NOUN
emaj-92	33	5	label	label	NOUN
emaj-92	33	6	have	have	AUX
emaj-92	33	7	appeared	appear	VERB
emaj-92	33	8	and	and	CCONJ
emaj-92	33	9	keep	keep	VERB
emaj-92	33	10	appearing	appear	VERB
emaj-92	33	11	in	in	ADP
emaj-92	33	12	variety	variety	NOUN
emaj-92	33	13	of	of	ADP
emaj-92	33	14	activities	activity	NOUN
emaj-92	33	15	such	such	ADJ
emaj-92	33	16	as	as	ADP
emaj-92	33	17	world	world	NOUN
emaj-92	33	18	trade	trade	NOUN
emaj-92	33	19	center	center	NOUN
emaj-92	33	20	terrorist	terrorist	ADJ
emaj-92	33	21	attack	attack	NOUN
emaj-92	33	22	,	,	PUNCT
emaj-92	33	23	economic	economic	ADJ
emaj-92	33	24	crisis	crisis	NOUN
emaj-92	33	25	2008	2008	NUM
emaj-92	33	26	and	and	CCONJ
emaj-92	33	27	rise	rise	NOUN
emaj-92	33	28	of	of	ADP
emaj-92	33	29	the	the	DET
emaj-92	33	30	internet	internet	NOUN
emaj-92	33	31	.	.	PUNCT
emaj-92	34	1	a	a	DET
emaj-92	34	2	major	major	ADJ
emaj-92	34	3	field	field	NOUN
emaj-92	34	4	of	of	ADP
emaj-92	34	5	interest	interest	NOUN
emaj-92	34	6	is	be	AUX
emaj-92	34	7	black	black	ADJ
emaj-92	34	8	swan	swan	NOUN
emaj-92	34	9	that	that	PRON
emaj-92	34	10	occurs	occur	VERB
emaj-92	34	11	in	in	ADP
emaj-92	34	12	financial	financial	ADJ
emaj-92	34	13	management	management	NOUN
emaj-92	34	14	and	and	CCONJ
emaj-92	34	15	risk	risk	NOUN
emaj-92	34	16	management	management	NOUN
emaj-92	34	17	.	.	PUNCT
emaj-92	35	1	what	what	PRON
emaj-92	35	2	they	they	PRON
emaj-92	35	3	have	have	AUX
emaj-92	35	4	in	in	ADP
emaj-92	35	5	common	common	ADJ
emaj-92	35	6	is	be	AUX
emaj-92	35	7	the	the	DET
emaj-92	35	8	fact	fact	NOUN
emaj-92	35	9	that	that	SCONJ
emaj-92	35	10	nobody	nobody	PRON
emaj-92	35	11	could	could	AUX
emaj-92	35	12	even	even	ADV
emaj-92	35	13	imagine	imagine	VERB
emaj-92	35	14	their	their	PRON
emaj-92	35	15	existence	existence	NOUN
emaj-92	35	16	,	,	PUNCT
emaj-92	35	17	based	base	VERB
emaj-92	35	18	on	on	ADP
emaj-92	35	19	all	all	DET
emaj-92	35	20	available	available	ADJ
emaj-92	35	21	information	information	NOUN
emaj-92	35	22	on	on	ADP
emaj-92	35	23	past	past	ADJ
emaj-92	35	24	events	event	NOUN
emaj-92	35	25	,	,	PUNCT
emaj-92	35	26	and	and	CCONJ
emaj-92	35	27	because	because	SCONJ
emaj-92	35	28	of	of	ADP
emaj-92	35	29	the	the	DET
emaj-92	35	30	impossibility	impossibility	NOUN
emaj-92	35	31	of	of	ADP
emaj-92	35	32	their	their	PRON
emaj-92	35	33	forecast	forecast	NOUN
emaj-92	35	34	or	or	CCONJ
emaj-92	35	35	adjustment	adjustment	NOUN
emaj-92	35	36	to	to	ADP
emaj-92	35	37	these	these	DET
emaj-92	35	38	consequences	consequence	NOUN
emaj-92	35	39	,	,	PUNCT
emaj-92	35	40	people	people	NOUN
emaj-92	35	41	classify	classify	VERB
emaj-92	35	42	them	they	PRON
emaj-92	35	43	as	as	ADP
emaj-92	35	44	impossible	impossible	ADJ
emaj-92	35	45	.	.	PUNCT
emaj-92	36	1	the	the	DET
emaj-92	36	2	topic	topic	NOUN
emaj-92	36	3	of	of	ADP
emaj-92	36	4	research	research	NOUN
emaj-92	36	5	is	be	AUX
emaj-92	36	6	croatian	croatian	ADJ
emaj-92	36	7	capital	capital	NOUN
emaj-92	36	8	market	market	NOUN
emaj-92	36	9	in	in	ADP
emaj-92	36	10	which	which	PRON
emaj-92	36	11	authors	author	NOUN
emaj-92	36	12	wanted	want	VERB
emaj-92	36	13	to	to	PART
emaj-92	36	14	examine	examine	VERB
emaj-92	36	15	the	the	DET
emaj-92	36	16	effect	effect	NOUN
emaj-92	36	17	of	of	ADP
emaj-92	36	18	black	black	ADJ
emaj-92	36	19	swan	swan	NOUN
emaj-92	36	20	event	event	NOUN
emaj-92	36	21	on	on	ADP
emaj-92	36	22	case	case	NOUN
emaj-92	36	23	of	of	ADP
emaj-92	36	24	resignation	resignation	NOUN
emaj-92	36	25	of	of	ADP
emaj-92	36	26	prime	prime	PROPN
emaj-92	36	27	minister	minister	PROPN
emaj-92	36	28	ivo	ivo	PROPN
emaj-92	36	29	sanader	sanader	NOUN
emaj-92	36	30	in	in	ADP
emaj-92	36	31	2009	2009	NUM
emaj-92	36	32	.	.	PUNCT
emaj-92	37	1	the	the	DET
emaj-92	37	2	purpose	purpose	NOUN
emaj-92	37	3	of	of	ADP
emaj-92	37	4	the	the	DET
emaj-92	37	5	following	follow	VERB
emaj-92	37	6	research	research	NOUN
emaj-92	37	7	is	be	AUX
emaj-92	37	8	to	to	PART
emaj-92	37	9	prove	prove	VERB
emaj-92	37	10	that	that	SCONJ
emaj-92	37	11	the	the	DET
emaj-92	37	12	resignationof	resignationof	PROPN
emaj-92	37	13	croatian	croatian	ADJ
emaj-92	37	14	prime	prime	PROPN
emaj-92	37	15	minister	minister	PROPN
emaj-92	37	16	sanader	sanader	NOUN
emaj-92	37	17	,	,	PUNCT
emaj-92	37	18	who	who	PRON
emaj-92	37	19	had	have	AUX
emaj-92	37	20	been	be	AUX
emaj-92	37	21	previously	previously	ADV
emaj-92	37	22	successfully	successfully	ADV
emaj-92	37	23	preparing	prepare	VERB
emaj-92	37	24	the	the	DET
emaj-92	37	25	country	country	NOUN
emaj-92	37	26	for	for	ADP
emaj-92	37	27	eu	eu	PROPN
emaj-92	37	28	membership	membership	NOUN
emaj-92	37	29	,	,	PUNCT
emaj-92	37	30	is	be	AUX
emaj-92	37	31	associated	associate	VERB
emaj-92	37	32	with	with	ADP
emaj-92	37	33	corruption	corruption	NOUN
emaj-92	37	34	.	.	PUNCT
emaj-92	38	1	this	this	DET
emaj-92	38	2	corruption	corruption	NOUN
emaj-92	38	3	has	have	AUX
emaj-92	38	4	influenced	influence	VERB
emaj-92	38	5	the	the	DET
emaj-92	38	6	slow	slow	NOUN
emaj-92	38	7	down	down	ADP
emaj-92	38	8	of	of	ADP
emaj-92	38	9	economic	economic	ADJ
emaj-92	38	10	activity	activity	NOUN
emaj-92	38	11	,	,	PUNCT
emaj-92	38	12	together	together	ADV
emaj-92	38	13	with	with	ADP
emaj-92	38	14	the	the	DET
emaj-92	38	15	impact	impact	NOUN
emaj-92	38	16	of	of	ADP
emaj-92	38	17	the	the	DET
emaj-92	38	18	global	global	ADJ
emaj-92	38	19	crisis	crisis	NOUN
emaj-92	38	20	.	.	PUNCT
emaj-92	39	1	this	this	DET
emaj-92	39	2	research	research	NOUN
emaj-92	39	3	was	be	AUX
emaj-92	39	4	done	do	VERB
emaj-92	39	5	with	with	ADP
emaj-92	39	6	the	the	DET
emaj-92	39	7	aid	aid	NOUN
emaj-92	39	8	of	of	ADP
emaj-92	39	9	ols	ol	NOUN
emaj-92	39	10	(	(	PUNCT
emaj-92	39	11	ordinary	ordinary	ADJ
emaj-92	39	12	least	least	ADJ
emaj-92	39	13	square	square	ADJ
emaj-92	39	14	)	)	PUNCT
emaj-92	39	15	regression	regression	NOUN
emaj-92	39	16	.	.	PUNCT
emaj-92	40	1	we	we	PRON
emaj-92	40	2	examined	examine	VERB
emaj-92	40	3	the	the	DET
emaj-92	40	4	procyclicality	procyclicality	NOUN
emaj-92	40	5	of	of	ADP
emaj-92	40	6	the	the	DET
emaj-92	40	7	croatian	croatian	ADJ
emaj-92	40	8	stock	stock	NOUN
emaj-92	40	9	market	market	NOUN
emaj-92	40	10	over	over	ADP
emaj-92	40	11	a	a	DET
emaj-92	40	12	thirteen	thirteen	NUM
emaj-92	40	13	years	year	NOUN
emaj-92	40	14	transitional	transitional	ADJ
emaj-92	40	15	period	period	NOUN
emaj-92	40	16	from	from	ADP
emaj-92	40	17	january	january	PROPN
emaj-92	40	18	2000	2000	NUM
emaj-92	40	19	to	to	ADP
emaj-92	40	20	december	december	PROPN
emaj-92	40	21	2013	2013	NUM
emaj-92	40	22	on	on	ADP
emaj-92	40	23	monthly	monthly	ADJ
emaj-92	40	24	bases	basis	NOUN
emaj-92	40	25	.	.	PUNCT
emaj-92	41	1	the	the	DET
emaj-92	41	2	local	local	ADJ
emaj-92	41	3	stock	stock	NOUN
emaj-92	41	4	price	price	NOUN
emaj-92	41	5	indices	index	NOUN
emaj-92	41	6	(	(	PUNCT
emaj-92	41	7	closing	closing	NOUN
emaj-92	41	8	prices	price	NOUN
emaj-92	41	9	)	)	PUNCT
emaj-92	41	10	crobex	crobex	NOUN
emaj-92	41	11	(	(	PUNCT
emaj-92	41	12	croatia	croatia	PROPN
emaj-92	41	13	)	)	PUNCT
emaj-92	41	14	is	be	AUX
emaj-92	41	15	in	in	ADP
emaj-92	41	16	the	the	DET
emaj-92	41	17	focus	focus	NOUN
emaj-92	41	18	of	of	ADP
emaj-92	41	19	our	our	PRON
emaj-92	41	20	research	research	NOUN
emaj-92	41	21	.	.	PUNCT
emaj-92	42	1	volume	volume	NOUN
emaj-92	42	2	6	6	NUM
emaj-92	43	1	no	no	PRON
emaj-92	43	2	1	1	NUM
emaj-92	43	3	(	(	PUNCT
emaj-92	43	4	2016	2016	NUM
emaj-92	43	5	)	)	PUNCT
emaj-92	44	1	|	|	ADV
emaj-92	44	2	issn	issn	VERB
emaj-92	44	3	2158	2158	NUM
emaj-92	44	4	-	-	SYM
emaj-92	44	5	8708	8708	NUM
emaj-92	44	6	(	(	PUNCT
emaj-92	44	7	online	online	NOUN
emaj-92	44	8	)	)	PUNCT
emaj-92	44	9	|	|	ADV
emaj-92	44	10	doi	doi	X
emaj-92	44	11	10.5195	10.5195	NUM
emaj-92	44	12	/	/	SYM
emaj-92	44	13	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	44	14	|	|	ADV
emaj-92	44	15	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	44	16	testing	test	VERB
emaj-92	44	17	the	the	DET
emaj-92	44	18	‘	'	PUNCT
emaj-92	44	19	black	black	ADJ
emaj-92	44	20	swan	swan	NOUN
emaj-92	44	21	effect	effect	NOUN
emaj-92	44	22	’	'	PUNCT
emaj-92	44	23	on	on	ADP
emaj-92	44	24	croatian	croatian	ADJ
emaj-92	44	25	stock	stock	NOUN
emaj-92	44	26	market	market	NOUN
emaj-92	44	27	between	between	ADP
emaj-92	44	28	2000	2000	NUM
emaj-92	44	29	and	and	CCONJ
emaj-92	44	30	2013	2013	NUM
emaj-92	44	31	page	page	NOUN
emaj-92	45	1	|2|	|2|	PRON
emaj-92	45	2	emerging	emerge	VERB
emaj-92	45	3	markets	market	NOUN
emaj-92	45	4	journal	journal	VERB
emaj-92	45	5	the	the	DET
emaj-92	45	6	following	follow	VERB
emaj-92	45	7	chapters	chapter	NOUN
emaj-92	45	8	are	be	AUX
emaj-92	45	9	structured	structure	VERB
emaj-92	45	10	as	as	SCONJ
emaj-92	45	11	follows	follow	VERB
emaj-92	45	12	:	:	PUNCT
emaj-92	45	13	chapter	chapter	NOUN
emaj-92	45	14	2	2	NUM
emaj-92	45	15	presents	present	VERB
emaj-92	45	16	the	the	DET
emaj-92	45	17	theoretical	theoretical	ADJ
emaj-92	45	18	background	background	NOUN
emaj-92	45	19	of	of	ADP
emaj-92	45	20	the	the	DET
emaj-92	45	21	empirical	empirical	ADJ
emaj-92	45	22	analysis	analysis	NOUN
emaj-92	45	23	and	and	CCONJ
emaj-92	45	24	an	an	DET
emaj-92	45	25	empirical	empirical	ADJ
emaj-92	45	26	literature	literature	NOUN
emaj-92	45	27	on	on	ADP
emaj-92	45	28	assessing	assess	VERB
emaj-92	45	29	financial	financial	ADJ
emaj-92	45	30	integration	integration	NOUN
emaj-92	45	31	in	in	ADP
emaj-92	45	32	eu	eu	PROPN
emaj-92	45	33	.	.	PROPN
emaj-92	45	34	political	political	ADJ
emaj-92	45	35	and	and	CCONJ
emaj-92	45	36	economical	economical	ADJ
emaj-92	45	37	environment	environment	NOUN
emaj-92	45	38	are	be	AUX
emaj-92	45	39	following	follow	VERB
emaj-92	45	40	in	in	ADP
emaj-92	45	41	chapter	chapter	NOUN
emaj-92	45	42	3	3	NUM
emaj-92	45	43	.	.	PUNCT
emaj-92	46	1	the	the	DET
emaj-92	46	2	macro	macro	ADJ
emaj-92	46	3	-	-	ADJ
emaj-92	46	4	economic	economic	ADJ
emaj-92	46	5	environment	environment	NOUN
emaj-92	46	6	and	and	CCONJ
emaj-92	46	7	stock	stock	NOUN
emaj-92	46	8	exchange	exchange	PROPN
emaj-92	46	9	development	development	NOUN
emaj-92	46	10	in	in	ADP
emaj-92	46	11	croatia	croatia	PROPN
emaj-92	46	12	are	be	AUX
emaj-92	46	13	described	describe	VERB
emaj-92	46	14	in	in	ADP
emaj-92	46	15	chapter	chapter	NOUN
emaj-92	46	16	4	4	NUM
emaj-92	46	17	.	.	PUNCT
emaj-92	47	1	an	an	DET
emaj-92	47	2	explanation	explanation	NOUN
emaj-92	47	3	of	of	ADP
emaj-92	47	4	the	the	DET
emaj-92	47	5	methodology	methodology	NOUN
emaj-92	47	6	and	and	CCONJ
emaj-92	47	7	data	datum	NOUN
emaj-92	47	8	underpinning	underpin	VERB
emaj-92	47	9	the	the	DET
emaj-92	47	10	empirical	empirical	ADJ
emaj-92	47	11	analysis	analysis	NOUN
emaj-92	47	12	is	be	AUX
emaj-92	47	13	given	give	VERB
emaj-92	47	14	in	in	ADP
emaj-92	47	15	chapter	chapter	NOUN
emaj-92	47	16	5	5	NUM
emaj-92	47	17	,	,	PUNCT
emaj-92	47	18	as	as	SCONJ
emaj-92	47	19	are	be	AUX
emaj-92	47	20	the	the	DET
emaj-92	47	21	findings	finding	NOUN
emaj-92	47	22	and	and	CCONJ
emaj-92	47	23	discussion	discussion	NOUN
emaj-92	47	24	.	.	PUNCT
emaj-92	48	1	the	the	DET
emaj-92	48	2	implications	implication	NOUN
emaj-92	48	3	of	of	ADP
emaj-92	48	4	the	the	DET
emaj-92	48	5	empirical	empirical	ADJ
emaj-92	48	6	analysis	analysis	NOUN
emaj-92	48	7	are	be	AUX
emaj-92	48	8	revisited	revisit	VERB
emaj-92	48	9	in	in	ADP
emaj-92	48	10	the	the	DET
emaj-92	48	11	conclusion	conclusion	NOUN
emaj-92	48	12	in	in	ADP
emaj-92	48	13	chapter	chapter	NOUN
emaj-92	48	14	6	6	NUM
emaj-92	48	15	.	.	NOUN
emaj-92	49	1	2	2	NUM
emaj-92	49	2	.	.	X
emaj-92	49	3	the	the	DET
emaj-92	49	4	theoretical	theoretical	ADJ
emaj-92	49	5	background	background	NOUN
emaj-92	49	6	of	of	ADP
emaj-92	49	7	empirical	empirical	ADJ
emaj-92	49	8	analysis	analysis	NOUN
emaj-92	49	9	and	and	CCONJ
emaj-92	49	10	empirical	empirical	ADJ
emaj-92	49	11	literature	literature	NOUN
emaj-92	49	12	concerning	concern	VERB
emaj-92	49	13	the	the	DET
emaj-92	49	14	stock	stock	NOUN
emaj-92	49	15	exchange	exchange	NOUN
emaj-92	49	16	and	and	CCONJ
emaj-92	49	17	black	black	ADJ
emaj-92	49	18	swan	swan	NOUN
emaj-92	49	19	2.1	2.1	NUM
emaj-92	49	20	.	.	PUNCT
emaj-92	50	1	measuring	measure	VERB
emaj-92	50	2	the	the	DET
emaj-92	50	3	stock	stock	NOUN
emaj-92	50	4	exchange	exchange	NOUN
emaj-92	50	5	baltzer	baltzer	NOUN
emaj-92	50	6	et	et	PROPN
emaj-92	50	7	al	al	PROPN
emaj-92	50	8	.	.	PROPN
emaj-92	51	1	(	(	PUNCT
emaj-92	51	2	2008	2008	NUM
emaj-92	51	3	)	)	PUNCT
emaj-92	51	4	considered	consider	VERB
emaj-92	51	5	three	three	NUM
emaj-92	51	6	broad	broad	ADJ
emaj-92	51	7	categories	category	NOUN
emaj-92	51	8	of	of	ADP
emaj-92	51	9	financial	financial	ADJ
emaj-92	51	10	integration	integration	NOUN
emaj-92	51	11	in	in	ADP
emaj-92	51	12	the	the	DET
emaj-92	51	13	measures	measure	NOUN
emaj-92	51	14	proposed	propose	VERB
emaj-92	51	15	by	by	ADP
emaj-92	51	16	adam	adam	PROPN
emaj-92	51	17	et	et	PROPN
emaj-92	51	18	al	al	PROPN
emaj-92	51	19	.	.	PROPN
emaj-92	52	1	(	(	PUNCT
emaj-92	52	2	2002	2002	NUM
emaj-92	52	3	)	)	PUNCT
emaj-92	52	4	and	and	CCONJ
emaj-92	52	5	baele	baele	PROPN
emaj-92	52	6	et	et	PROPN
emaj-92	52	7	al	al	PROPN
emaj-92	52	8	.	.	PROPN
emaj-92	53	1	(	(	PUNCT
emaj-92	53	2	2004	2004	NUM
emaj-92	53	3	)	)	PUNCT
emaj-92	53	4	.	.	PUNCT
emaj-92	54	1	the	the	DET
emaj-92	54	2	market	market	NOUN
emaj-92	54	3	is	be	AUX
emaj-92	54	4	considered	consider	VERB
emaj-92	54	5	fully	fully	ADV
emaj-92	54	6	integrated	integrate	VERB
emaj-92	54	7	if	if	SCONJ
emaj-92	54	8	all	all	DET
emaj-92	54	9	economic	economic	ADJ
emaj-92	54	10	agents	agent	NOUN
emaj-92	54	11	with	with	ADP
emaj-92	54	12	similarly	similarly	ADV
emaj-92	54	13	relevant	relevant	ADJ
emaj-92	54	14	characteristics	characteristic	NOUN
emaj-92	54	15	acting	act	VERB
emaj-92	54	16	in	in	ADP
emaj-92	54	17	a	a	DET
emaj-92	54	18	market	market	NOUN
emaj-92	54	19	face	face	NOUN
emaj-92	54	20	a	a	DET
emaj-92	54	21	single	single	ADJ
emaj-92	54	22	set	set	NOUN
emaj-92	54	23	of	of	ADP
emaj-92	54	24	rules	rule	NOUN
emaj-92	54	25	,	,	PUNCT
emaj-92	54	26	have	have	VERB
emaj-92	54	27	equal	equal	ADJ
emaj-92	54	28	access	access	NOUN
emaj-92	54	29	and	and	CCONJ
emaj-92	54	30	are	be	AUX
emaj-92	54	31	treated	treat	VERB
emaj-92	54	32	equally	equally	ADV
emaj-92	54	33	.	.	PUNCT
emaj-92	55	1	this	this	PRON
emaj-92	55	2	serves	serve	VERB
emaj-92	55	3	as	as	ADP
emaj-92	55	4	an	an	DET
emaj-92	55	5	imaginary	imaginary	ADJ
emaj-92	55	6	state	state	NOUN
emaj-92	55	7	of	of	ADP
emaj-92	55	8	perfect	perfect	ADJ
emaj-92	55	9	integration	integration	NOUN
emaj-92	55	10	,	,	PUNCT
emaj-92	55	11	which	which	PRON
emaj-92	55	12	is	be	AUX
emaj-92	55	13	not	not	PART
emaj-92	55	14	often	often	ADV
emaj-92	55	15	seen	see	VERB
emaj-92	55	16	in	in	ADP
emaj-92	55	17	practice	practice	NOUN
emaj-92	55	18	but	but	CCONJ
emaj-92	55	19	provides	provide	VERB
emaj-92	55	20	a	a	DET
emaj-92	55	21	useful	useful	ADJ
emaj-92	55	22	benchmark	benchmark	NOUN
emaj-92	55	23	for	for	ADP
emaj-92	55	24	measuring	measure	VERB
emaj-92	55	25	the	the	DET
emaj-92	55	26	degree	degree	NOUN
emaj-92	55	27	of	of	ADP
emaj-92	55	28	financial	financial	ADJ
emaj-92	55	29	integration	integration	NOUN
emaj-92	55	30	.	.	PUNCT
emaj-92	56	1	adam	adam	PROPN
emaj-92	56	2	et	et	PROPN
emaj-92	56	3	al	al	PROPN
emaj-92	56	4	.	.	PROPN
emaj-92	57	1	(	(	PUNCT
emaj-92	57	2	2002	2002	NUM
emaj-92	57	3	)	)	PUNCT
emaj-92	57	4	adopted	adopt	VERB
emaj-92	57	5	the	the	DET
emaj-92	57	6	law	law	NOUN
emaj-92	57	7	of	of	ADP
emaj-92	57	8	one	one	NUM
emaj-92	57	9	price	price	NOUN
emaj-92	57	10	to	to	PART
emaj-92	57	11	assess	assess	VERB
emaj-92	57	12	the	the	DET
emaj-92	57	13	degree	degree	NOUN
emaj-92	57	14	of	of	ADP
emaj-92	57	15	financial	financial	ADJ
emaj-92	57	16	integration	integration	NOUN
emaj-92	57	17	.	.	PUNCT
emaj-92	58	1	according	accord	VERB
emaj-92	58	2	to	to	ADP
emaj-92	58	3	the	the	DET
emaj-92	58	4	law	law	NOUN
emaj-92	58	5	of	of	ADP
emaj-92	58	6	one	one	NUM
emaj-92	58	7	price	price	NOUN
emaj-92	58	8	,	,	PUNCT
emaj-92	58	9	the	the	DET
emaj-92	58	10	financial	financial	ADJ
emaj-92	58	11	market	market	NOUN
emaj-92	58	12	is	be	AUX
emaj-92	58	13	integrated	integrate	VERB
emaj-92	58	14	if	if	SCONJ
emaj-92	58	15	the	the	DET
emaj-92	58	16	'	'	PUNCT
emaj-92	58	17	law	law	NOUN
emaj-92	58	18	of	of	ADP
emaj-92	58	19	one	one	NUM
emaj-92	58	20	price	price	NOUN
emaj-92	58	21	'	'	PUNCT
emaj-92	58	22	holds	hold	NOUN
emaj-92	58	23	.	.	PUNCT
emaj-92	59	1	this	this	PRON
emaj-92	59	2	,	,	PUNCT
emaj-92	59	3	however	however	ADV
emaj-92	59	4	,	,	PUNCT
emaj-92	59	5	can	can	AUX
emaj-92	59	6	not	not	PART
emaj-92	59	7	be	be	AUX
emaj-92	59	8	measured	measure	VERB
emaj-92	59	9	when	when	SCONJ
emaj-92	59	10	different	different	ADJ
emaj-92	59	11	stock	stock	NOUN
emaj-92	59	12	exchange	exchange	NOUN
emaj-92	59	13	indices	index	NOUN
emaj-92	59	14	are	be	AUX
emaj-92	59	15	involved	involve	VERB
emaj-92	59	16	as	as	SCONJ
emaj-92	59	17	it	it	PRON
emaj-92	59	18	would	would	AUX
emaj-92	59	19	require	require	VERB
emaj-92	59	20	a	a	DET
emaj-92	59	21	different	different	ADJ
emaj-92	59	22	methodology	methodology	NOUN
emaj-92	59	23	of	of	ADP
emaj-92	59	24	calculation	calculation	NOUN
emaj-92	59	25	.	.	PUNCT
emaj-92	60	1	according	accord	VERB
emaj-92	60	2	to	to	ADP
emaj-92	60	3	the	the	DET
emaj-92	60	4	'	'	PUNCT
emaj-92	60	5	law	law	NOUN
emaj-92	60	6	of	of	ADP
emaj-92	60	7	one	one	NUM
emaj-92	60	8	price	price	NOUN
emaj-92	60	9	'	'	PUNCT
emaj-92	60	10	,	,	PUNCT
emaj-92	60	11	assets	asset	NOUN
emaj-92	60	12	with	with	ADP
emaj-92	60	13	identical	identical	ADJ
emaj-92	60	14	risks	risk	NOUN
emaj-92	60	15	and	and	CCONJ
emaj-92	60	16	return	return	NOUN
emaj-92	60	17	characteristics	characteristic	NOUN
emaj-92	60	18	should	should	AUX
emaj-92	60	19	have	have	VERB
emaj-92	60	20	the	the	DET
emaj-92	60	21	same	same	ADJ
emaj-92	60	22	price	price	NOUN
emaj-92	60	23	regardless	regardless	ADV
emaj-92	60	24	of	of	ADP
emaj-92	60	25	where	where	SCONJ
emaj-92	60	26	they	they	PRON
emaj-92	60	27	are	be	AUX
emaj-92	60	28	traded.1	traded.1	NOUN
emaj-92	60	29	additionally	additionally	ADV
emaj-92	60	30	,	,	PUNCT
emaj-92	60	31	the	the	DET
emaj-92	60	32	law	law	NOUN
emaj-92	60	33	of	of	ADP
emaj-92	60	34	one	one	NUM
emaj-92	60	35	price	price	NOUN
emaj-92	60	36	does	do	AUX
emaj-92	60	37	not	not	PART
emaj-92	60	38	necessarily	necessarily	ADV
emaj-92	60	39	hold	hold	VERB
emaj-92	60	40	true	true	ADJ
emaj-92	60	41	in	in	ADP
emaj-92	60	42	the	the	DET
emaj-92	60	43	presence	presence	NOUN
emaj-92	60	44	of	of	ADP
emaj-92	60	45	market	market	NOUN
emaj-92	60	46	frictions	friction	NOUN
emaj-92	60	47	.	.	PUNCT
emaj-92	61	1	nevertheless	nevertheless	ADV
emaj-92	61	2	,	,	PUNCT
emaj-92	61	3	while	while	SCONJ
emaj-92	61	4	the	the	DET
emaj-92	61	5	law	law	NOUN
emaj-92	61	6	of	of	ADP
emaj-92	61	7	one	one	NUM
emaj-92	61	8	price	price	NOUN
emaj-92	61	9	represents	represent	VERB
emaj-92	61	10	a	a	DET
emaj-92	61	11	rather	rather	ADV
emaj-92	61	12	long	long	ADJ
emaj-92	61	13	-	-	PUNCT
emaj-92	61	14	term	term	NOUN
emaj-92	61	15	phenomenon	phenomenon	NOUN
emaj-92	61	16	,	,	PUNCT
emaj-92	61	17	an	an	DET
emaj-92	61	18	alternative	alternative	ADJ
emaj-92	61	19	argument	argument	NOUN
emaj-92	61	20	for	for	ADP
emaj-92	61	21	why	why	SCONJ
emaj-92	61	22	we	we	PRON
emaj-92	61	23	could	could	AUX
emaj-92	61	24	expect	expect	VERB
emaj-92	61	25	the	the	DET
emaj-92	61	26	equalization	equalization	NOUN
emaj-92	61	27	of	of	ADP
emaj-92	61	28	stock	stock	NOUN
emaj-92	61	29	market	market	NOUN
emaj-92	61	30	returns	return	NOUN
emaj-92	61	31	in	in	ADP
emaj-92	61	32	the	the	DET
emaj-92	61	33	long	long	ADJ
emaj-92	61	34	to	to	PART
emaj-92	61	35	medium	medium	ADJ
emaj-92	61	36	run	run	NOUN
emaj-92	61	37	is	be	AUX
emaj-92	61	38	based	base	VERB
emaj-92	61	39	on	on	ADP
emaj-92	61	40	the	the	DET
emaj-92	61	41	walras	walras	ADJ
emaj-92	61	42	law	law	NOUN
emaj-92	61	43	of	of	ADP
emaj-92	61	44	markets	market	NOUN
emaj-92	61	45	,	,	PUNCT
emaj-92	61	46	as	as	SCONJ
emaj-92	61	47	applied	apply	VERB
emaj-92	61	48	to	to	ADP
emaj-92	61	49	the	the	DET
emaj-92	61	50	financial	financial	ADJ
emaj-92	61	51	system	system	NOUN
emaj-92	61	52	:	:	PUNCT
emaj-92	61	53	if	if	SCONJ
emaj-92	61	54	n–1	n–1	PRON
emaj-92	61	55	(	(	PUNCT
emaj-92	61	56	financial	financial	ADJ
emaj-92	61	57	)	)	PUNCT
emaj-92	61	58	markets	market	NOUN
emaj-92	61	59	are	be	AUX
emaj-92	61	60	in	in	ADP
emaj-92	61	61	equilibrium	equilibrium	NOUN
emaj-92	61	62	(	(	PUNCT
emaj-92	61	63	i.e.	i.e.	X
emaj-92	61	64	the	the	DET
emaj-92	61	65	exchange	exchange	NOUN
emaj-92	61	66	rate	rate	NOUN
emaj-92	61	67	,	,	PUNCT
emaj-92	61	68	money	money	NOUN
emaj-92	61	69	and	and	CCONJ
emaj-92	61	70	bond	bond	NOUN
emaj-92	61	71	markets	market	NOUN
emaj-92	61	72	)	)	PUNCT
emaj-92	61	73	,	,	PUNCT
emaj-92	61	74	then	then	ADV
emaj-92	61	75	the	the	DET
emaj-92	61	76	stock	stock	NOUN
emaj-92	61	77	exchange	exchange	NOUN
emaj-92	61	78	market	market	NOUN
emaj-92	61	79	can	can	AUX
emaj-92	61	80	not	not	PART
emaj-92	61	81	be	be	AUX
emaj-92	61	82	in	in	ADP
emaj-92	61	83	disequilibrium	disequilibrium	NOUN
emaj-92	61	84	.	.	PUNCT
emaj-92	62	1	adam	adam	PROPN
emaj-92	62	2	et	et	PROPN
emaj-92	62	3	al	al	PROPN
emaj-92	62	4	.	.	PROPN
emaj-92	63	1	(	(	PUNCT
emaj-92	63	2	2002	2002	NUM
emaj-92	63	3	)	)	PUNCT
emaj-92	63	4	also	also	ADV
emaj-92	63	5	divided	divide	VERB
emaj-92	63	6	indicators	indicator	NOUN
emaj-92	63	7	for	for	ADP
emaj-92	63	8	measuring	measure	VERB
emaj-92	63	9	financial	financial	ADJ
emaj-92	63	10	integration	integration	NOUN
emaj-92	63	11	into	into	ADP
emaj-92	63	12	four	four	NUM
emaj-92	63	13	categories	category	NOUN
emaj-92	63	14	:	:	PUNCT
emaj-92	63	15	1	1	NUM
emaj-92	63	16	)	)	PUNCT
emaj-92	63	17	indicators	indicator	NOUN
emaj-92	63	18	of	of	ADP
emaj-92	63	19	credit	credit	NOUN
emaj-92	63	20	and	and	CCONJ
emaj-92	63	21	bond	bond	NOUN
emaj-92	63	22	market	market	NOUN
emaj-92	63	23	integration	integration	NOUN
emaj-92	63	24	;	;	PUNCT
emaj-92	63	25	2	2	X
emaj-92	63	26	)	)	PUNCT
emaj-92	63	27	indicators	indicator	NOUN
emaj-92	63	28	of	of	ADP
emaj-92	63	29	stock	stock	NOUN
emaj-92	63	30	market	market	NOUN
emaj-92	63	31	integration	integration	NOUN
emaj-92	63	32	;	;	PUNCT
emaj-92	63	33	3	3	X
emaj-92	63	34	)	)	PUNCT
emaj-92	63	35	indicators	indicator	NOUN
emaj-92	63	36	of	of	ADP
emaj-92	63	37	1	1	NUM
emaj-92	63	38	however	however	ADV
emaj-92	63	39	,	,	PUNCT
emaj-92	63	40	there	there	PRON
emaj-92	63	41	are	be	VERB
emaj-92	63	42	cases	case	NOUN
emaj-92	63	43	where	where	SCONJ
emaj-92	63	44	the	the	DET
emaj-92	63	45	law	law	NOUN
emaj-92	63	46	of	of	ADP
emaj-92	63	47	one	one	NUM
emaj-92	63	48	price	price	NOUN
emaj-92	63	49	is	be	AUX
emaj-92	63	50	not	not	PART
emaj-92	63	51	directly	directly	ADV
emaj-92	63	52	applicable	applicable	ADJ
emaj-92	63	53	.	.	PUNCT
emaj-92	64	1	for	for	SCONJ
emaj-92	64	2	more	more	ADJ
emaj-92	64	3	details	detail	NOUN
emaj-92	64	4	see	see	VERB
emaj-92	64	5	baltzer	baltzer	NOUN
emaj-92	64	6	et	et	PROPN
emaj-92	64	7	al	al	PROPN
emaj-92	64	8	.	.	PUNCT
emaj-92	65	1	(	(	PUNCT
emaj-92	65	2	2008	2008	NUM
emaj-92	65	3	)	)	PUNCT
emaj-92	65	4	.	.	PUNCT
emaj-92	66	1	integration	integration	NOUN
emaj-92	66	2	based	base	VERB
emaj-92	66	3	on	on	ADP
emaj-92	66	4	the	the	DET
emaj-92	66	5	economic	economic	ADJ
emaj-92	66	6	decisions	decision	NOUN
emaj-92	66	7	of	of	ADP
emaj-92	66	8	households	household	NOUN
emaj-92	66	9	and	and	CCONJ
emaj-92	66	10	firms	firm	NOUN
emaj-92	66	11	,	,	PUNCT
emaj-92	66	12	and	and	CCONJ
emaj-92	66	13	4	4	X
emaj-92	66	14	)	)	PUNCT
emaj-92	66	15	indicators	indicator	NOUN
emaj-92	66	16	of	of	ADP
emaj-92	66	17	institutional	institutional	ADJ
emaj-92	66	18	differences	difference	NOUN
emaj-92	66	19	that	that	PRON
emaj-92	66	20	may	may	AUX
emaj-92	66	21	induce	induce	VERB
emaj-92	66	22	financial	financial	ADJ
emaj-92	66	23	market	market	NOUN
emaj-92	66	24	segmentation	segmentation	NOUN
emaj-92	66	25	.	.	PUNCT
emaj-92	67	1	indicators	indicator	NOUN
emaj-92	67	2	of	of	ADP
emaj-92	67	3	european	european	ADJ
emaj-92	67	4	stock	stock	NOUN
emaj-92	67	5	market	market	NOUN
emaj-92	67	6	integration	integration	NOUN
emaj-92	67	7	generally	generally	ADV
emaj-92	67	8	suggest	suggest	VERB
emaj-92	67	9	an	an	DET
emaj-92	67	10	increasing	increase	VERB
emaj-92	67	11	degree	degree	NOUN
emaj-92	67	12	of	of	ADP
emaj-92	67	13	stock	stock	NOUN
emaj-92	67	14	market	market	NOUN
emaj-92	67	15	integration	integration	NOUN
emaj-92	67	16	in	in	ADP
emaj-92	67	17	the	the	DET
emaj-92	67	18	euro	euro	PROPN
emaj-92	67	19	area	area	NOUN
emaj-92	67	20	.	.	PUNCT
emaj-92	68	1	with	with	ADP
emaj-92	68	2	regard	regard	NOUN
emaj-92	68	3	to	to	ADP
emaj-92	68	4	the	the	DET
emaj-92	68	5	indicators	indicator	NOUN
emaj-92	68	6	of	of	ADP
emaj-92	68	7	stock	stock	NOUN
emaj-92	68	8	market	market	NOUN
emaj-92	68	9	integration	integration	NOUN
emaj-92	68	10	,	,	PUNCT
emaj-92	68	11	adam	adam	PROPN
emaj-92	68	12	et	et	PROPN
emaj-92	68	13	al	al	PROPN
emaj-92	68	14	.	.	PROPN
emaj-92	69	1	(	(	PUNCT
emaj-92	69	2	2002	2002	NUM
emaj-92	69	3	)	)	PUNCT
emaj-92	69	4	proposed	propose	VERB
emaj-92	69	5	the	the	DET
emaj-92	69	6	correlation	correlation	NOUN
emaj-92	69	7	of	of	ADP
emaj-92	69	8	stock	stock	NOUN
emaj-92	69	9	market	market	NOUN
emaj-92	69	10	returns	return	NOUN
emaj-92	69	11	as	as	ADP
emaj-92	69	12	an	an	DET
emaj-92	69	13	alternative	alternative	ADJ
emaj-92	69	14	indicator	indicator	NOUN
emaj-92	69	15	,	,	PUNCT
emaj-92	69	16	especially	especially	ADV
emaj-92	69	17	because	because	SCONJ
emaj-92	69	18	of	of	ADP
emaj-92	69	19	its	its	PRON
emaj-92	69	20	consistency	consistency	NOUN
emaj-92	69	21	.	.	PUNCT
emaj-92	70	1	this	this	PRON
emaj-92	70	2	is	be	AUX
emaj-92	70	3	in	in	ADP
emaj-92	70	4	contrast	contrast	NOUN
emaj-92	70	5	to	to	ADP
emaj-92	70	6	a	a	DET
emaj-92	70	7	price	price	NOUN
emaj-92	70	8	-	-	PUNCT
emaj-92	70	9	based	base	VERB
emaj-92	70	10	indicator	indicator	NOUN
emaj-92	70	11	which	which	PRON
emaj-92	70	12	relies	rely	VERB
emaj-92	70	13	on	on	ADP
emaj-92	70	14	the	the	DET
emaj-92	70	15	asset	asset	NOUN
emaj-92	70	16	pricing	pricing	NOUN
emaj-92	70	17	model	model	NOUN
emaj-92	70	18	and	and	CCONJ
emaj-92	70	19	is	be	AUX
emaj-92	70	20	difficult	difficult	ADJ
emaj-92	70	21	to	to	PART
emaj-92	70	22	estimate	estimate	VERB
emaj-92	70	23	as	as	SCONJ
emaj-92	70	24	it	it	PRON
emaj-92	70	25	requires	require	VERB
emaj-92	70	26	longer	long	ADJ
emaj-92	70	27	time	time	NOUN
emaj-92	70	28	series	series	NOUN
emaj-92	70	29	to	to	PART
emaj-92	70	30	provide	provide	VERB
emaj-92	70	31	reliable	reliable	ADJ
emaj-92	70	32	estimates	estimate	NOUN
emaj-92	70	33	.	.	PUNCT
emaj-92	71	1	baltzerat	baltzerat	PROPN
emaj-92	71	2	al	al	PROPN
emaj-92	71	3	.	.	PROPN
emaj-92	72	1	(	(	PUNCT
emaj-92	72	2	2008	2008	NUM
emaj-92	72	3	)	)	PUNCT
emaj-92	72	4	also	also	ADV
emaj-92	72	5	suggests	suggest	VERB
emaj-92	72	6	more	more	ADV
emaj-92	72	7	sophisticated	sophisticated	ADJ
emaj-92	72	8	measures	measure	NOUN
emaj-92	72	9	of	of	ADP
emaj-92	72	10	co	co	NOUN
emaj-92	72	11	-	-	NOUN
emaj-92	72	12	movements	movement	NOUN
emaj-92	72	13	(	(	PUNCT
emaj-92	72	14	see	see	VERB
emaj-92	72	15	also	also	ADV
emaj-92	72	16	:	:	PUNCT
emaj-92	72	17	gerard	gerard	PROPN
emaj-92	72	18	et	et	PROPN
emaj-92	72	19	al	al	PROPN
emaj-92	72	20	.	.	PROPN
emaj-92	72	21	2003	2003	NUM
emaj-92	72	22	)	)	PUNCT
emaj-92	72	23	.	.	PUNCT
emaj-92	73	1	therefore	therefore	ADV
emaj-92	73	2	,	,	PUNCT
emaj-92	73	3	baele	baele	PROPN
emaj-92	73	4	et	et	PROPN
emaj-92	73	5	al	al	PROPN
emaj-92	73	6	.	.	PROPN
emaj-92	74	1	(	(	PUNCT
emaj-92	74	2	2004	2004	NUM
emaj-92	74	3	)	)	PUNCT
emaj-92	74	4	agree	agree	VERB
emaj-92	74	5	that	that	SCONJ
emaj-92	74	6	,	,	PUNCT
emaj-92	74	7	the	the	DET
emaj-92	74	8	alternative	alternative	ADJ
emaj-92	74	9	measures	measure	NOUN
emaj-92	74	10	proposed	propose	VERB
emaj-92	74	11	by	by	ADP
emaj-92	74	12	adam	adam	PROPN
emaj-92	74	13	et	et	PROPN
emaj-92	74	14	al	al	PROPN
emaj-92	74	15	.	.	PROPN
emaj-92	75	1	(	(	PUNCT
emaj-92	75	2	2002	2002	NUM
emaj-92	75	3	)	)	PUNCT
emaj-92	75	4	based	base	VERB
emaj-92	75	5	on	on	ADP
emaj-92	75	6	stocks	stock	NOUN
emaj-92	75	7	and	and	CCONJ
emaj-92	75	8	the	the	DET
emaj-92	75	9	flow	flow	NOUN
emaj-92	75	10	of	of	ADP
emaj-92	75	11	assets	asset	NOUN
emaj-92	75	12	-quantity	-quantity	NOUN
emaj-92	75	13	-	-	PUNCT
emaj-92	75	14	based	base	VERB
emaj-92	75	15	measures2	measures2	NOUN
emaj-92	75	16	and	and	CCONJ
emaj-92	75	17	news	news	NOUN
emaj-92	75	18	-	-	PUNCT
emaj-92	75	19	based	base	VERB
emaj-92	75	20	measures	measure	NOUN
emaj-92	75	21	-may	-may	PUNCT
emaj-92	75	22	complement	complement	VERB
emaj-92	75	23	price	price	NOUN
emaj-92	75	24	-	-	PUNCT
emaj-92	75	25	based	base	VERB
emaj-92	75	26	measures	measure	NOUN
emaj-92	75	27	.	.	PUNCT
emaj-92	76	1	news	news	NOUN
emaj-92	76	2	-	-	PUNCT
emaj-92	76	3	based	base	VERB
emaj-92	76	4	measures	measure	NOUN
emaj-92	76	5	,	,	PUNCT
emaj-92	76	6	which	which	PRON
emaj-92	76	7	were	be	AUX
emaj-92	76	8	applied	apply	VERB
emaj-92	76	9	in	in	ADP
emaj-92	76	10	this	this	DET
emaj-92	76	11	empirical	empirical	ADJ
emaj-92	76	12	research	research	NOUN
emaj-92	76	13	,	,	PUNCT
emaj-92	76	14	analyze	analyze	VERB
emaj-92	76	15	the	the	DET
emaj-92	76	16	impact	impact	NOUN
emaj-92	76	17	that	that	PRON
emaj-92	76	18	common	common	ADJ
emaj-92	76	19	factors	factor	NOUN
emaj-92	76	20	have	have	VERB
emaj-92	76	21	on	on	ADP
emaj-92	76	22	the	the	DET
emaj-92	76	23	return	return	NOUN
emaj-92	76	24	process	process	NOUN
emaj-92	76	25	of	of	ADP
emaj-92	76	26	an	an	DET
emaj-92	76	27	asset	asset	NOUN
emaj-92	76	28	.	.	PUNCT
emaj-92	77	1	the	the	DET
emaj-92	77	2	prediction	prediction	NOUN
emaj-92	77	3	is	be	AUX
emaj-92	77	4	that	that	SCONJ
emaj-92	77	5	the	the	DET
emaj-92	77	6	degree	degree	NOUN
emaj-92	77	7	of	of	ADP
emaj-92	77	8	systematic	systematic	ADJ
emaj-92	77	9	risk	risk	NOUN
emaj-92	77	10	is	be	AUX
emaj-92	77	11	identical	identical	ADJ
emaj-92	77	12	across	across	ADP
emaj-92	77	13	assets	asset	NOUN
emaj-92	77	14	in	in	ADP
emaj-92	77	15	different	different	ADJ
emaj-92	77	16	countries	country	NOUN
emaj-92	77	17	.	.	PUNCT
emaj-92	78	1	they	they	PRON
emaj-92	78	2	are	be	AUX
emaj-92	78	3	designed	design	VERB
emaj-92	78	4	to	to	PART
emaj-92	78	5	distinguish	distinguish	VERB
emaj-92	78	6	the	the	DET
emaj-92	78	7	information	information	NOUN
emaj-92	78	8	effects	effect	NOUN
emaj-92	78	9	from	from	ADP
emaj-92	78	10	other	other	ADJ
emaj-92	78	11	frictions	friction	NOUN
emaj-92	78	12	and	and	CCONJ
emaj-92	78	13	barriers	barrier	NOUN
emaj-92	78	14	.	.	PUNCT
emaj-92	79	1	in	in	ADP
emaj-92	79	2	a	a	DET
emaj-92	79	3	financially	financially	ADV
emaj-92	79	4	integrated	integrate	VERB
emaj-92	79	5	area	area	NOUN
emaj-92	79	6	,	,	PUNCT
emaj-92	79	7	one	one	PRON
emaj-92	79	8	would	would	AUX
emaj-92	79	9	expect	expect	VERB
emaj-92	79	10	news	news	NOUN
emaj-92	79	11	of	of	ADP
emaj-92	79	12	a	a	DET
emaj-92	79	13	regional	regional	ADJ
emaj-92	79	14	character	character	NOUN
emaj-92	79	15	to	to	PART
emaj-92	79	16	have	have	VERB
emaj-92	79	17	little	little	ADJ
emaj-92	79	18	impact	impact	NOUN
emaj-92	79	19	on	on	ADP
emaj-92	79	20	prices	price	NOUN
emaj-92	79	21	,	,	PUNCT
emaj-92	79	22	whereas	whereas	SCONJ
emaj-92	79	23	global	global	ADJ
emaj-92	79	24	news	news	NOUN
emaj-92	79	25	should	should	AUX
emaj-92	79	26	be	be	AUX
emaj-92	79	27	relatively	relatively	ADV
emaj-92	79	28	more	more	ADV
emaj-92	79	29	significant	significant	ADJ
emaj-92	79	30	.	.	PUNCT
emaj-92	80	1	regional	regional	ADJ
emaj-92	80	2	financial	financial	ADJ
emaj-92	80	3	integration	integration	NOUN
emaj-92	80	4	should	should	AUX
emaj-92	80	5	increase	increase	VERB
emaj-92	80	6	the	the	DET
emaj-92	80	7	supply	supply	NOUN
emaj-92	80	8	of	of	ADP
emaj-92	80	9	finance	finance	NOUN
emaj-92	80	10	in	in	ADP
emaj-92	80	11	the	the	DET
emaj-92	80	12	less	less	ADV
emaj-92	80	13	financially	financially	ADV
emaj-92	80	14	developed	develop	VERB
emaj-92	80	15	countries	country	NOUN
emaj-92	80	16	of	of	ADP
emaj-92	80	17	the	the	DET
emaj-92	80	18	integrating	integrating	NOUN
emaj-92	80	19	area	area	NOUN
emaj-92	80	20	.	.	PUNCT
emaj-92	81	1	baale	baale	NOUN
emaj-92	81	2	at	at	ADP
emaj-92	81	3	al	al	PROPN
emaj-92	81	4	.	.	PUNCT
emaj-92	81	5	(	(	PUNCT
emaj-92	81	6	2004	2004	NUM
emaj-92	81	7	)	)	PUNCT
emaj-92	81	8	maintain	maintain	VERB
emaj-92	81	9	that	that	SCONJ
emaj-92	81	10	when	when	SCONJ
emaj-92	81	11	markets	market	NOUN
emaj-92	81	12	are	be	AUX
emaj-92	81	13	fully	fully	ADV
emaj-92	81	14	integrated	integrate	VERB
emaj-92	81	15	,	,	PUNCT
emaj-92	81	16	bond	bond	NOUN
emaj-92	81	17	yields	yield	NOUN
emaj-92	81	18	should	should	AUX
emaj-92	81	19	react	react	VERB
emaj-92	81	20	only	only	ADV
emaj-92	81	21	to	to	ADP
emaj-92	81	22	news	news	NOUN
emaj-92	81	23	that	that	PRON
emaj-92	81	24	is	be	AUX
emaj-92	81	25	common	common	ADJ
emaj-92	81	26	to	to	ADP
emaj-92	81	27	all	all	DET
emaj-92	81	28	observed	observed	ADJ
emaj-92	81	29	markets	market	NOUN
emaj-92	81	30	.	.	PUNCT
emaj-92	82	1	there	there	PRON
emaj-92	82	2	is	be	VERB
emaj-92	82	3	no	no	DET
emaj-92	82	4	clear	clear	ADJ
emaj-92	82	5	evidence	evidence	NOUN
emaj-92	82	6	that	that	SCONJ
emaj-92	82	7	full	full	ADJ
emaj-92	82	8	integration	integration	NOUN
emaj-92	82	9	of	of	ADP
emaj-92	82	10	financial	financial	ADJ
emaj-92	82	11	markets	market	NOUN
emaj-92	82	12	is	be	AUX
emaj-92	82	13	the	the	DET
emaj-92	82	14	result	result	NOUN
emaj-92	82	15	of	of	ADP
emaj-92	82	16	monetary	monetary	ADJ
emaj-92	82	17	integration	integration	NOUN
emaj-92	82	18	.	.	PUNCT
emaj-92	83	1	the	the	DET
emaj-92	83	2	level	level	NOUN
emaj-92	83	3	of	of	ADP
emaj-92	83	4	integration	integration	NOUN
emaj-92	83	5	depends	depend	VERB
emaj-92	83	6	on	on	ADP
emaj-92	83	7	the	the	DET
emaj-92	83	8	debt	debt	NOUN
emaj-92	83	9	levels	level	NOUN
emaj-92	83	10	of	of	ADP
emaj-92	83	11	the	the	DET
emaj-92	83	12	financial	financial	ADJ
emaj-92	83	13	sector	sector	NOUN
emaj-92	83	14	,	,	PUNCT
emaj-92	83	15	and	and	CCONJ
emaj-92	83	16	the	the	DET
emaj-92	83	17	economy	economy	NOUN
emaj-92	83	18	abroad	abroad	ADV
emaj-92	83	19	,	,	PUNCT
emaj-92	83	20	as	as	ADV
emaj-92	83	21	well	well	ADV
emaj-92	83	22	as	as	ADP
emaj-92	83	23	on	on	ADP
emaj-92	83	24	the	the	DET
emaj-92	83	25	structure	structure	NOUN
emaj-92	83	26	of	of	ADP
emaj-92	83	27	the	the	DET
emaj-92	83	28	financial	financial	ADJ
emaj-92	83	29	sector	sector	NOUN
emaj-92	83	30	and	and	CCONJ
emaj-92	83	31	its	its	PRON
emaj-92	83	32	abilities	ability	NOUN
emaj-92	83	33	to	to	PART
emaj-92	83	34	repay	repay	VERB
emaj-92	83	35	its	its	PRON
emaj-92	83	36	loans	loan	NOUN
emaj-92	83	37	abroad	abroad	ADV
emaj-92	83	38	(	(	PUNCT
emaj-92	83	39	current	current	ADJ
emaj-92	83	40	events	event	NOUN
emaj-92	83	41	inside	inside	ADP
emaj-92	83	42	the	the	DET
emaj-92	83	43	euro	euro	PROPN
emaj-92	83	44	area	area	NOUN
emaj-92	83	45	are	be	AUX
emaj-92	83	46	proof	proof	NOUN
emaj-92	83	47	of	of	ADP
emaj-92	83	48	this	this	PRON
emaj-92	83	49	)	)	PUNCT
emaj-92	83	50	.	.	PUNCT
emaj-92	84	1	2quantity	2quantity	NUM
emaj-92	84	2	-	-	PUNCT
emaj-92	84	3	based	base	VERB
emaj-92	84	4	measures	measure	NOUN
emaj-92	84	5	that	that	PRON
emaj-92	84	6	aim	aim	VERB
emaj-92	84	7	to	to	PART
emaj-92	84	8	quantify	quantify	VERB
emaj-92	84	9	the	the	DET
emaj-92	84	10	effects	effect	NOUN
emaj-92	84	11	of	of	ADP
emaj-92	84	12	friction	friction	NOUN
emaj-92	84	13	on	on	ADP
emaj-92	84	14	the	the	DET
emaj-92	84	15	demand	demand	NOUN
emaj-92	84	16	for	for	ADP
emaj-92	84	17	,	,	PUNCT
emaj-92	84	18	and	and	CCONJ
emaj-92	84	19	supply	supply	NOUN
emaj-92	84	20	of	of	ADP
emaj-92	84	21	,	,	PUNCT
emaj-92	84	22	securities	security	NOUN
emaj-92	84	23	by	by	ADP
emaj-92	84	24	using	use	VERB
emaj-92	84	25	variables	variable	NOUN
emaj-92	84	26	such	such	ADJ
emaj-92	84	27	as	as	ADP
emaj-92	84	28	money	money	NOUN
emaj-92	84	29	,	,	PUNCT
emaj-92	84	30	bonds	bond	NOUN
emaj-92	84	31	,	,	PUNCT
emaj-92	84	32	shares	share	NOUN
emaj-92	84	33	and	and	CCONJ
emaj-92	84	34	loans	loan	NOUN
emaj-92	84	35	through	through	ADP
emaj-92	84	36	the	the	DET
emaj-92	84	37	statistic	statistic	NOUN
emaj-92	84	38	of	of	ADP
emaj-92	84	39	cross	cross	ADJ
emaj-92	84	40	-	-	ADJ
emaj-92	84	41	border	border	ADJ
emaj-92	84	42	activities	activity	NOUN
emaj-92	84	43	and	and	CCONJ
emaj-92	84	44	listings	listing	NOUN
emaj-92	84	45	.	.	PUNCT
emaj-92	85	1	volume	volume	NOUN
emaj-92	85	2	6	6	NUM
emaj-92	86	1	no	no	PRON
emaj-92	86	2	1	1	NUM
emaj-92	86	3	(	(	PUNCT
emaj-92	86	4	2016	2016	NUM
emaj-92	86	5	)	)	PUNCT
emaj-92	87	1	|	|	ADV
emaj-92	87	2	issn	issn	VERB
emaj-92	87	3	2158	2158	NUM
emaj-92	87	4	-	-	SYM
emaj-92	87	5	8708	8708	NUM
emaj-92	87	6	(	(	PUNCT
emaj-92	87	7	online	online	NOUN
emaj-92	87	8	)	)	PUNCT
emaj-92	87	9	|	|	ADV
emaj-92	87	10	doi	doi	X
emaj-92	87	11	10.5195	10.5195	NUM
emaj-92	87	12	/	/	SYM
emaj-92	87	13	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	87	14	|	|	ADV
emaj-92	87	15	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-92	87	16	anita	anita	PROPN
emaj-92	87	17	radman	radman	PROPN
emaj-92	87	18	peša	peša	PROPN
emaj-92	87	19	,	,	PUNCT
emaj-92	87	20	ana	ana	PROPN
emaj-92	87	21	brajković	brajković	NOUN
emaj-92	87	22	emerging	emerge	VERB
emaj-92	87	23	markets	market	NOUN
emaj-92	87	24	journal	journal	NOUN
emaj-92	87	25	|	|	ADV
emaj-92	87	26	p	p	NOUN
emaj-92	87	27	a	a	DET
emaj-92	87	28	g	g	NOUN
emaj-92	87	29	e	e	NOUN
emaj-92	87	30	|3	|3	NOUN
emaj-92	87	31	the	the	DET
emaj-92	87	32	fratzscher	fratzscher	NOUN
emaj-92	87	33	(	(	PUNCT
emaj-92	87	34	2002	2002	NUM
emaj-92	87	35	)	)	PUNCT
emaj-92	87	36	and	and	CCONJ
emaj-92	87	37	cappiello	cappiello	PROPN
emaj-92	87	38	's	's	PART
emaj-92	87	39	et	et	NOUN
emaj-92	87	40	al	al	PROPN
emaj-92	87	41	.	.	PROPN
emaj-92	88	1	(	(	PUNCT
emaj-92	88	2	2006	2006	NUM
emaj-92	88	3	)	)	PUNCT
emaj-92	88	4	findings	finding	NOUN
emaj-92	88	5	indicated	indicate	VERB
emaj-92	88	6	that	that	SCONJ
emaj-92	88	7	,	,	PUNCT
emaj-92	88	8	although	although	SCONJ
emaj-92	88	9	new	new	ADJ
emaj-92	88	10	eu	eu	PROPN
emaj-92	88	11	member	member	PROPN
emaj-92	88	12	states	state	NOUN
emaj-92	88	13	experienced	experience	VERB
emaj-92	88	14	rapid	rapid	ADJ
emaj-92	88	15	development	development	NOUN
emaj-92	88	16	in	in	ADP
emaj-92	88	17	their	their	PRON
emaj-92	88	18	financial	financial	ADJ
emaj-92	88	19	markets	market	NOUN
emaj-92	88	20	,	,	PUNCT
emaj-92	88	21	they	they	PRON
emaj-92	88	22	exhibited	exhibit	VERB
emaj-92	88	23	differing	differ	VERB
emaj-92	88	24	degrees	degree	NOUN
emaj-92	88	25	of	of	ADP
emaj-92	88	26	integration	integration	NOUN
emaj-92	88	27	and	and	CCONJ
emaj-92	88	28	different	different	ADJ
emaj-92	88	29	speeds	speed	NOUN
emaj-92	88	30	of	of	ADP
emaj-92	88	31	convergence	convergence	NOUN
emaj-92	88	32	with	with	ADP
emaj-92	88	33	the	the	DET
emaj-92	88	34	eurozone	eurozone	NOUN
emaj-92	88	35	.	.	PUNCT
emaj-92	89	1	while	while	SCONJ
emaj-92	89	2	global	global	ADJ
emaj-92	89	3	trends	trend	NOUN
emaj-92	89	4	significantly	significantly	ADV
emaj-92	89	5	increased	increase	VERB
emaj-92	89	6	index	index	NOUN
emaj-92	89	7	movements	movement	NOUN
emaj-92	89	8	,	,	PUNCT
emaj-92	89	9	regional	regional	ADJ
emaj-92	89	10	characteristics	characteristic	NOUN
emaj-92	89	11	nevertheless	nevertheless	ADV
emaj-92	89	12	remained	remain	VERB
emaj-92	89	13	the	the	DET
emaj-92	89	14	most	most	ADV
emaj-92	89	15	significant	significant	ADJ
emaj-92	89	16	determinants	determinant	NOUN
emaj-92	89	17	of	of	ADP
emaj-92	89	18	integration	integration	NOUN
emaj-92	89	19	.	.	PUNCT
emaj-92	90	1	authors	author	NOUN
emaj-92	90	2	conclude	conclude	VERB
emaj-92	90	3	that	that	SCONJ
emaj-92	90	4	european	european	PROPN
emaj-92	90	5	equity	equity	NOUN
emaj-92	90	6	markets	market	NOUN
emaj-92	90	7	have	have	AUX
emaj-92	90	8	become	become	VERB
emaj-92	90	9	mutually	mutually	ADV
emaj-92	90	10	more	more	ADV
emaj-92	90	11	integrated	integrate	VERB
emaj-92	90	12	and	and	CCONJ
emaj-92	90	13	have	have	AUX
emaj-92	90	14	gained	gain	VERB
emaj-92	90	15	in	in	ADP
emaj-92	90	16	importance	importance	NOUN
emaj-92	90	17	in	in	ADP
emaj-92	90	18	world	world	NOUN
emaj-92	90	19	financial	financial	ADJ
emaj-92	90	20	markets	market	NOUN
emaj-92	90	21	since	since	SCONJ
emaj-92	90	22	1996	1996	NUM
emaj-92	90	23	,	,	PUNCT
emaj-92	90	24	with	with	SCONJ
emaj-92	90	25	exchange	exchange	NOUN
emaj-92	90	26	rate	rate	NOUN
emaj-92	90	27	variability	variability	NOUN
emaj-92	90	28	having	having	AUX
emaj-92	90	29	been	be	AUX
emaj-92	90	30	reduced	reduce	VERB
emaj-92	90	31	in	in	ADP
emaj-92	90	32	the	the	DET
emaj-92	90	33	meantime	meantime	NOUN
emaj-92	90	34	.	.	PUNCT
emaj-92	91	1	the	the	DET
emaj-92	91	2	convergence	convergence	NOUN
emaj-92	91	3	of	of	ADP
emaj-92	91	4	interest	interest	NOUN
emaj-92	91	5	rates	rate	NOUN
emaj-92	91	6	is	be	AUX
emaj-92	91	7	suggested	suggest	VERB
emaj-92	91	8	to	to	PART
emaj-92	91	9	be	be	AUX
emaj-92	91	10	the	the	DET
emaj-92	91	11	driving	drive	VERB
emaj-92	91	12	force	force	NOUN
emaj-92	91	13	behind	behind	ADP
emaj-92	91	14	these	these	DET
emaj-92	91	15	outcomes	outcome	NOUN
emaj-92	91	16	and	and	CCONJ
emaj-92	91	17	there	there	PRON
emaj-92	91	18	has	have	AUX
emaj-92	91	19	been	be	AUX
emaj-92	91	20	an	an	DET
emaj-92	91	21	increased	increase	VERB
emaj-92	91	22	correlation	correlation	NOUN
emaj-92	91	23	between	between	ADP
emaj-92	91	24	stock	stock	NOUN
emaj-92	91	25	returns	return	NOUN
emaj-92	91	26	within	within	ADP
emaj-92	91	27	the	the	DET
emaj-92	91	28	euro	euro	NOUN
emaj-92	91	29	since	since	SCONJ
emaj-92	91	30	the	the	DET
emaj-92	91	31	announcement	announcement	NOUN
emaj-92	91	32	of	of	ADP
emaj-92	91	33	new	new	ADJ
emaj-92	91	34	eurozone	eurozone	NOUN
emaj-92	91	35	members	member	NOUN
emaj-92	91	36	in	in	ADP
emaj-92	91	37	may	may	PROPN
emaj-92	91	38	1998	1998	NUM
emaj-92	91	39	.	.	PUNCT
emaj-92	92	1	the	the	DET
emaj-92	92	2	world	world	NOUN
emaj-92	92	3	capital	capital	NOUN
emaj-92	92	4	markets	market	NOUN
emaj-92	92	5	,	,	PUNCT
emaj-92	92	6	definitely	definitely	ADV
emaj-92	92	7	,	,	PUNCT
emaj-92	92	8	have	have	AUX
emaj-92	92	9	become	become	VERB
emaj-92	92	10	more	more	ADV
emaj-92	92	11	and	and	CCONJ
emaj-92	92	12	more	more	ADV
emaj-92	92	13	integrated	integrate	VERB
emaj-92	92	14	in	in	ADP
emaj-92	92	15	the	the	DET
emaj-92	92	16	last	last	ADJ
emaj-92	92	17	30	30	NUM
emaj-92	92	18	years	year	NOUN
emaj-92	92	19	,	,	PUNCT
emaj-92	92	20	although	although	SCONJ
emaj-92	92	21	some	some	DET
emaj-92	92	22	exceptions	exception	NOUN
emaj-92	92	23	and	and	CCONJ
emaj-92	92	24	some	some	DET
emaj-92	92	25	dispersion	dispersion	NOUN
emaj-92	92	26	across	across	ADP
emaj-92	92	27	the	the	DET
emaj-92	92	28	countries	country	NOUN
emaj-92	92	29	and	and	CCONJ
emaj-92	92	30	sectors	sector	NOUN
emaj-92	92	31	need	need	VERB
emaj-92	92	32	to	to	PART
emaj-92	92	33	be	be	AUX
emaj-92	92	34	acknowledged	acknowledge	VERB
emaj-92	92	35	(	(	PUNCT
emaj-92	92	36	see	see	VERB
emaj-92	92	37	:	:	PUNCT
emaj-92	92	38	carrieri	carrieri	PROPN
emaj-92	92	39	et	et	PROPN
emaj-92	92	40	al	al	PROPN
emaj-92	92	41	.	.	PROPN
emaj-92	92	42	,	,	PUNCT
emaj-92	92	43	2007	2007	NUM
emaj-92	92	44	)	)	PUNCT
emaj-92	92	45	.	.	PUNCT
emaj-92	93	1	european	european	ADJ
emaj-92	93	2	financial	financial	ADJ
emaj-92	93	3	markets	market	NOUN
emaj-92	93	4	(	(	PUNCT
emaj-92	93	5	erdogan	erdogan	ADJ
emaj-92	93	6	,	,	PUNCT
emaj-92	93	7	2008	2008	NUM
emaj-92	93	8	)	)	PUNCT
emaj-92	93	9	have	have	AUX
emaj-92	93	10	faced	face	VERB
emaj-92	93	11	crucial	crucial	ADJ
emaj-92	93	12	structural	structural	ADJ
emaj-92	93	13	and	and	CCONJ
emaj-92	93	14	institutional	institutional	ADJ
emaj-92	93	15	adjustments	adjustment	NOUN
emaj-92	93	16	with	with	ADP
emaj-92	93	17	the	the	DET
emaj-92	93	18	aim	aim	NOUN
emaj-92	93	19	of	of	ADP
emaj-92	93	20	accelerating	accelerate	VERB
emaj-92	93	21	financial	financial	ADJ
emaj-92	93	22	integration	integration	NOUN
emaj-92	93	23	in	in	ADP
emaj-92	93	24	the	the	DET
emaj-92	93	25	money	money	NOUN
emaj-92	93	26	,	,	PUNCT
emaj-92	93	27	credit	credit	NOUN
emaj-92	93	28	,	,	PUNCT
emaj-92	93	29	bond	bond	NOUN
emaj-92	93	30	,	,	PUNCT
emaj-92	93	31	and	and	CCONJ
emaj-92	93	32	equity	equity	NOUN
emaj-92	93	33	markets	market	NOUN
emaj-92	93	34	.	.	PUNCT
emaj-92	94	1	integrated	integrate	VERB
emaj-92	94	2	stock	stock	NOUN
emaj-92	94	3	markets	market	NOUN
emaj-92	94	4	generate	generate	VERB
emaj-92	94	5	better	well	ADJ
emaj-92	94	6	opportunities	opportunity	NOUN
emaj-92	94	7	for	for	ADP
emaj-92	94	8	international	international	ADJ
emaj-92	94	9	investors	investor	NOUN
emaj-92	94	10	by	by	ADP
emaj-92	94	11	eliminating	eliminate	VERB
emaj-92	94	12	country	country	NOUN
emaj-92	94	13	-	-	PUNCT
emaj-92	94	14	specific	specific	ADJ
emaj-92	94	15	risks	risk	NOUN
emaj-92	94	16	and	and	CCONJ
emaj-92	94	17	allowing	allow	VERB
emaj-92	94	18	them	they	PRON
emaj-92	94	19	to	to	PART
emaj-92	94	20	diversify	diversify	VERB
emaj-92	94	21	their	their	PRON
emaj-92	94	22	portfolios	portfolio	NOUN
emaj-92	94	23	across	across	ADP
emaj-92	94	24	countries	country	NOUN
emaj-92	94	25	.	.	PUNCT
emaj-92	95	1	a	a	DET
emaj-92	95	2	larger	large	ADJ
emaj-92	95	3	pool	pool	NOUN
emaj-92	95	4	of	of	ADP
emaj-92	95	5	funds	fund	NOUN
emaj-92	95	6	,	,	PUNCT
emaj-92	95	7	other	other	ADJ
emaj-92	95	8	than	than	ADP
emaj-92	95	9	limited	limited	ADJ
emaj-92	95	10	local	local	ADJ
emaj-92	95	11	financing	financing	NOUN
emaj-92	95	12	,	,	PUNCT
emaj-92	95	13	is	be	AUX
emaj-92	95	14	available	available	ADJ
emaj-92	95	15	for	for	ADP
emaj-92	95	16	corporations	corporation	NOUN
emaj-92	95	17	.	.	PUNCT
emaj-92	96	1	integrated	integrate	VERB
emaj-92	96	2	stock	stock	NOUN
emaj-92	96	3	markets	market	NOUN
emaj-92	96	4	decrease	decrease	VERB
emaj-92	96	5	the	the	DET
emaj-92	96	6	cost	cost	NOUN
emaj-92	96	7	of	of	ADP
emaj-92	96	8	capital	capital	NOUN
emaj-92	96	9	.	.	PUNCT
emaj-92	97	1	in	in	ADP
emaj-92	97	2	an	an	DET
emaj-92	97	3	economic	economic	ADJ
emaj-92	97	4	environment	environment	NOUN
emaj-92	97	5	where	where	SCONJ
emaj-92	97	6	better	well	ADV
emaj-92	97	7	risksharing	riskshare	VERB
emaj-92	97	8	opportunities	opportunity	NOUN
emaj-92	97	9	exist	exist	VERB
emaj-92	97	10	,	,	PUNCT
emaj-92	97	11	households	household	NOUN
emaj-92	97	12	will	will	AUX
emaj-92	97	13	be	be	AUX
emaj-92	97	14	able	able	ADJ
emaj-92	97	15	to	to	PART
emaj-92	97	16	smooth	smooth	VERB
emaj-92	97	17	their	their	PRON
emaj-92	97	18	consumption	consumption	NOUN
emaj-92	97	19	more	more	ADV
emaj-92	97	20	efficiently	efficiently	ADV
emaj-92	97	21	.	.	PUNCT
emaj-92	98	1	moreover	moreover	ADV
emaj-92	98	2	,	,	PUNCT
emaj-92	98	3	interdependent	interdependent	ADJ
emaj-92	98	4	stock	stock	NOUN
emaj-92	98	5	markets	market	NOUN
emaj-92	98	6	are	be	AUX
emaj-92	98	7	subject	subject	ADJ
emaj-92	98	8	to	to	ADP
emaj-92	98	9	spillovers	spillover	NOUN
emaj-92	98	10	resulting	result	VERB
emaj-92	98	11	from	from	ADP
emaj-92	98	12	shocks	shock	NOUN
emaj-92	98	13	.	.	PUNCT
emaj-92	99	1	many	many	ADJ
emaj-92	99	2	authors	author	NOUN
emaj-92	99	3	dealing	deal	VERB
emaj-92	99	4	with	with	ADP
emaj-92	99	5	financial	financial	ADJ
emaj-92	99	6	integration	integration	NOUN
emaj-92	99	7	have	have	AUX
emaj-92	99	8	tested	test	VERB
emaj-92	99	9	the	the	DET
emaj-92	99	10	procyclicality	procyclicality	NOUN
emaj-92	99	11	of	of	ADP
emaj-92	99	12	stock	stock	NOUN
emaj-92	99	13	exchange	exchange	NOUN
emaj-92	99	14	indices	index	NOUN
emaj-92	99	15	of	of	ADP
emaj-92	99	16	whom	whom	PRON
emaj-92	99	17	we	we	PRON
emaj-92	99	18	will	will	AUX
emaj-92	99	19	single	single	VERB
emaj-92	99	20	out	out	ADP
emaj-92	99	21	those	those	PRON
emaj-92	99	22	who	who	PRON
emaj-92	99	23	have	have	AUX
emaj-92	99	24	tested	test	VERB
emaj-92	99	25	equity	equity	NOUN
emaj-92	99	26	market	market	NOUN
emaj-92	99	27	integration	integration	NOUN
emaj-92	99	28	in	in	ADP
emaj-92	99	29	the	the	DET
emaj-92	99	30	eu	eu	PROPN
emaj-92	99	31	.	.	PUNCT
emaj-92	99	32	financial	financial	ADJ
emaj-92	99	33	markets	market	NOUN
emaj-92	99	34	of	of	ADP
emaj-92	99	35	new	new	ADJ
emaj-92	99	36	member	member	NOUN
emaj-92	99	37	states	state	NOUN
emaj-92	99	38	are	be	AUX
emaj-92	99	39	significantly	significantly	ADV
emaj-92	99	40	less	less	ADV
emaj-92	99	41	integrated	integrated	ADJ
emaj-92	99	42	than	than	ADP
emaj-92	99	43	those	those	PRON
emaj-92	99	44	of	of	ADP
emaj-92	99	45	the	the	DET
emaj-92	99	46	eu	eu	PROPN
emaj-92	99	47	financial	financial	ADJ
emaj-92	99	48	market	market	NOUN
emaj-92	99	49	and	and	CCONJ
emaj-92	99	50	more	more	ADV
emaj-92	99	51	susceptible	susceptible	ADJ
emaj-92	99	52	to	to	ADP
emaj-92	99	53	euro	euro	NOUN
emaj-92	99	54	market	market	NOUN
emaj-92	99	55	shocks	shock	NOUN
emaj-92	99	56	after	after	ADP
emaj-92	99	57	eu	eu	PROPN
emaj-92	99	58	accession	accession	NOUN
emaj-92	99	59	.	.	PUNCT
emaj-92	100	1	the	the	DET
emaj-92	100	2	process	process	NOUN
emaj-92	100	3	of	of	ADP
emaj-92	100	4	financial	financial	ADJ
emaj-92	100	5	integration	integration	NOUN
emaj-92	100	6	of	of	ADP
emaj-92	100	7	new	new	ADJ
emaj-92	100	8	eu	eu	PROPN
emaj-92	100	9	member	member	PROPN
emaj-92	100	10	states	state	NOUN
emaj-92	100	11	is	be	AUX
emaj-92	100	12	probably	probably	ADV
emaj-92	100	13	driven	drive	VERB
emaj-92	100	14	by	by	ADP
emaj-92	100	15	factors	factor	NOUN
emaj-92	100	16	different	different	ADJ
emaj-92	100	17	from	from	ADP
emaj-92	100	18	those	those	PRON
emaj-92	100	19	in	in	ADP
emaj-92	100	20	the	the	DET
emaj-92	100	21	euro	euro	PROPN
emaj-92	100	22	area	area	NOUN
emaj-92	100	23	.	.	PUNCT
emaj-92	101	1	nevertheless	nevertheless	ADV
emaj-92	101	2	,	,	PUNCT
emaj-92	101	3	there	there	PRON
emaj-92	101	4	is	be	VERB
emaj-92	101	5	strong	strong	ADJ
emaj-92	101	6	evidence	evidence	NOUN
emaj-92	101	7	that	that	SCONJ
emaj-92	101	8	their	their	PRON
emaj-92	101	9	process	process	NOUN
emaj-92	101	10	of	of	ADP
emaj-92	101	11	integration	integration	NOUN
emaj-92	101	12	is	be	AUX
emaj-92	101	13	well	well	ADV
emaj-92	101	14	under	under	ADP
emaj-92	101	15	way	way	NOUN
emaj-92	101	16	and	and	CCONJ
emaj-92	101	17	has	have	AUX
emaj-92	101	18	accelerated	accelerate	VERB
emaj-92	101	19	since	since	SCONJ
emaj-92	101	20	accession	accession	NOUN
emaj-92	101	21	to	to	ADP
emaj-92	101	22	the	the	DET
emaj-92	101	23	eu	eu	PROPN
emaj-92	101	24	.	.	PUNCT
emaj-92	102	1	the	the	DET
emaj-92	102	2	transition	transition	NOUN
emaj-92	102	3	from	from	ADP
emaj-92	102	4	centrally	centrally	ADV
emaj-92	102	5	planned	plan	VERB
emaj-92	102	6	to	to	ADP
emaj-92	102	7	market	market	NOUN
emaj-92	102	8	economies	economy	NOUN
emaj-92	102	9	has	have	AUX
emaj-92	102	10	led	lead	VERB
emaj-92	102	11	to	to	PART
emaj-92	102	12	rapid	rapid	ADJ
emaj-92	102	13	financial	financial	ADJ
emaj-92	102	14	developments	development	NOUN
emaj-92	102	15	boosted	boost	VERB
emaj-92	102	16	by	by	ADP
emaj-92	102	17	a	a	DET
emaj-92	102	18	strong	strong	ADJ
emaj-92	102	19	foreign	foreign	ADJ
emaj-92	102	20	,	,	PUNCT
emaj-92	102	21	primarily	primarily	ADV
emaj-92	102	22	eu	eu	PROPN
emaj-92	102	23	banking	banking	NOUN
emaj-92	102	24	,	,	PUNCT
emaj-92	102	25	presence	presence	NOUN
emaj-92	102	26	(	(	PUNCT
emaj-92	102	27	baltzer	baltzer	NOUN
emaj-92	102	28	et	et	PROPN
emaj-92	102	29	al	al	PROPN
emaj-92	102	30	.	.	PROPN
emaj-92	102	31	,	,	PUNCT
emaj-92	102	32	2008	2008	NUM
emaj-92	102	33	)	)	PUNCT
emaj-92	102	34	.	.	PUNCT
emaj-92	103	1	3	3	NUM
emaj-92	103	2	baele	baele	PROPN
emaj-92	103	3	et	et	PROPN
emaj-92	103	4	al	al	PROPN
emaj-92	103	5	.	.	PROPN
emaj-92	103	6	(	(	PUNCT
emaj-92	103	7	2004	2004	NUM
emaj-92	103	8	)	)	PUNCT
emaj-92	103	9	investigated	investigate	VERB
emaj-92	103	10	comovements	comovement	NOUN
emaj-92	103	11	between	between	ADP
emaj-92	103	12	the	the	DET
emaj-92	103	13	stock	stock	NOUN
emaj-92	103	14	markets	market	NOUN
emaj-92	103	15	in	in	ADP
emaj-92	103	16	new	new	ADJ
emaj-92	103	17	eu	eu	PROPN
emaj-92	103	18	member	member	PROPN
emaj-92	103	19	states	state	NOUN
emaj-92	103	20	from	from	ADP
emaj-92	103	21	former	former	ADJ
emaj-92	103	22	communist	communist	ADJ
emaj-92	103	23	states	state	NOUN
emaj-92	103	24	of	of	ADP
emaj-92	103	25	central	central	ADJ
emaj-92	103	26	and	and	CCONJ
emaj-92	103	27	eastern	eastern	ADJ
emaj-92	103	28	europe	europe	PROPN
emaj-92	103	29	in	in	ADP
emaj-92	103	30	the	the	DET
emaj-92	103	31	period	period	NOUN
emaj-92	103	32	from	from	ADP
emaj-92	103	33	2000	2000	NUM
emaj-92	103	34	to	to	ADP
emaj-92	103	35	2007	2007	NUM
emaj-92	103	36	.	.	PUNCT
emaj-92	104	1	they	they	PRON
emaj-92	104	2	found	find	VERB
emaj-92	104	3	empirical	empirical	ADJ
emaj-92	104	4	evidence	evidence	NOUN
emaj-92	104	5	that	that	SCONJ
emaj-92	104	6	the	the	DET
emaj-92	104	7	stock	stock	NOUN
emaj-92	104	8	markets	market	NOUN
emaj-92	104	9	of	of	ADP
emaj-92	104	10	entrant	entrant	ADJ
emaj-92	104	11	countries	country	NOUN
emaj-92	104	12	in	in	ADP
emaj-92	104	13	the	the	DET
emaj-92	104	14	euro	euro	PROPN
emaj-92	104	15	area	area	NOUN
emaj-92	104	16	were	be	AUX
emaj-92	104	17	more	more	ADV
emaj-92	104	18	exposed	expose	VERB
emaj-92	104	19	to	to	ADP
emaj-92	104	20	adverse	adverse	ADJ
emaj-92	104	21	comovements	comovement	NOUN
emaj-92	104	22	,	,	PUNCT
emaj-92	104	23	volatility	volatility	NOUN
emaj-92	104	24	,	,	PUNCT
emaj-92	104	25	and	and	CCONJ
emaj-92	104	26	persistence	persistence	NOUN
emaj-92	104	27	after	after	ADP
emaj-92	104	28	their	their	PRON
emaj-92	104	29	accession	accession	NOUN
emaj-92	104	30	.	.	PUNCT
emaj-92	105	1	this	this	DET
emaj-92	105	2	result	result	NOUN
emaj-92	105	3	suggests	suggest	VERB
emaj-92	105	4	that	that	SCONJ
emaj-92	105	5	the	the	DET
emaj-92	105	6	flip	flip	ADJ
emaj-92	105	7	side	side	NOUN
emaj-92	105	8	of	of	ADP
emaj-92	105	9	financial	financial	ADJ
emaj-92	105	10	-	-	PUNCT
emaj-92	105	11	market	market	NOUN
emaj-92	105	12	integration	integration	NOUN
emaj-92	105	13	is	be	AUX
emaj-92	105	14	stronger	strong	ADJ
emaj-92	105	15	cross	cross	ADJ
emaj-92	105	16	-	-	ADJ
emaj-92	105	17	country	country	ADJ
emaj-92	105	18	shock	shock	NOUN
emaj-92	105	19	propagation	propagation	NOUN
emaj-92	105	20	.	.	PUNCT
emaj-92	106	1	horská	horská	NOUN
emaj-92	106	2	(	(	PUNCT
emaj-92	106	3	2005	2005	NUM
emaj-92	106	4	)	)	PUNCT
emaj-92	106	5	found	find	VERB
emaj-92	106	6	that	that	SCONJ
emaj-92	106	7	,	,	PUNCT
emaj-92	106	8	the	the	DET
emaj-92	106	9	correlation	correlation	NOUN
emaj-92	106	10	among	among	ADP
emaj-92	106	11	the	the	DET
emaj-92	106	12	czech	czech	PROPN
emaj-92	106	13	,	,	PUNCT
emaj-92	106	14	us	us	PROPN
emaj-92	106	15	and	and	CCONJ
emaj-92	106	16	european	european	ADJ
emaj-92	106	17	stock	stock	NOUN
emaj-92	106	18	markets	market	NOUN
emaj-92	106	19	has	have	AUX
emaj-92	106	20	increased	increase	VERB
emaj-92	106	21	over	over	ADP
emaj-92	106	22	time	time	NOUN
emaj-92	106	23	,	,	PUNCT
emaj-92	106	24	leaving	leave	VERB
emaj-92	106	25	less	less	ADJ
emaj-92	106	26	room	room	NOUN
emaj-92	106	27	for	for	ADP
emaj-92	106	28	portfolio	portfolio	NOUN
emaj-92	106	29	diversification	diversification	NOUN
emaj-92	106	30	.	.	PUNCT
emaj-92	107	1	syllignakis	syllignaki	NOUN
emaj-92	107	2	and	and	CCONJ
emaj-92	107	3	kouretas	kouretas	PROPN
emaj-92	107	4	(	(	PUNCT
emaj-92	107	5	2006	2006	NUM
emaj-92	107	6	)	)	PUNCT
emaj-92	107	7	used	use	VERB
emaj-92	107	8	granger	granger	PROPN
emaj-92	107	9	's	's	PART
emaj-92	107	10	(	(	PUNCT
emaj-92	107	11	1995	1995	NUM
emaj-92	107	12	)	)	PUNCT
emaj-92	107	13	methodology	methodology	NOUN
emaj-92	107	14	to	to	PART
emaj-92	107	15	identify	identify	VERB
emaj-92	107	16	,	,	PUNCT
emaj-92	107	17	estimate	estimate	VERB
emaj-92	107	18	and	and	CCONJ
emaj-92	107	19	test	test	VERB
emaj-92	107	20	a	a	DET
emaj-92	107	21	number	number	NOUN
emaj-92	107	22	of	of	ADP
emaj-92	107	23	common	common	ADJ
emaj-92	107	24	trends	trend	NOUN
emaj-92	107	25	among	among	ADP
emaj-92	107	26	a	a	DET
emaj-92	107	27	group	group	NOUN
emaj-92	107	28	of	of	ADP
emaj-92	107	29	examined	examine	VERB
emaj-92	107	30	stock	stock	NOUN
emaj-92	107	31	markets	market	NOUN
emaj-92	107	32	.	.	PUNCT
emaj-92	108	1	author	author	NOUN
emaj-92	108	2	also	also	ADV
emaj-92	108	3	applied	apply	VERB
emaj-92	108	4	the	the	DET
emaj-92	108	5	markov	markov	NOUN
emaj-92	108	6	switching	switch	VERB
emaj-92	108	7	arch	arch	NOUN
emaj-92	108	8	-	-	PUNCT
emaj-92	108	9	l	l	NOUN
emaj-92	108	10	(	(	PUNCT
emaj-92	108	11	swarch	swarch	NOUN
emaj-92	108	12	-	-	PUNCT
emaj-92	108	13	l	l	NOUN
emaj-92	108	14	)	)	PUNCT
emaj-92	108	15	model	model	NOUN
emaj-92	108	16	applied	apply	VERB
emaj-92	108	17	by	by	ADP
emaj-92	108	18	hamilton	hamilton	PROPN
emaj-92	108	19	(	(	PUNCT
emaj-92	108	20	1994	1994	NUM
emaj-92	108	21	)	)	PUNCT
emaj-92	108	22	to	to	PART
emaj-92	108	23	study	study	VERB
emaj-92	108	24	the	the	DET
emaj-92	108	25	structural	structural	ADJ
emaj-92	108	26	breaks	break	NOUN
emaj-92	108	27	in	in	ADP
emaj-92	108	28	volatility	volatility	NOUN
emaj-92	108	29	of	of	ADP
emaj-92	108	30	the	the	DET
emaj-92	108	31	examined	examine	VERB
emaj-92	108	32	markets	market	NOUN
emaj-92	108	33	during	during	ADP
emaj-92	108	34	the	the	DET
emaj-92	108	35	relevant	relevant	ADJ
emaj-92	108	36	period	period	NOUN
emaj-92	108	37	.	.	PUNCT
emaj-92	109	1	savva	savva	NOUN
emaj-92	109	2	and	and	CCONJ
emaj-92	109	3	aslanidis	aslanidis	PROPN
emaj-92	109	4	(	(	PUNCT
emaj-92	109	5	2007	2007	NUM
emaj-92	109	6	)	)	PUNCT
emaj-92	109	7	used	use	VERB
emaj-92	109	8	the	the	DET
emaj-92	109	9	stccgarch	stccgarch	NOUN
emaj-92	109	10	methodology	methodology	NOUN
emaj-92	109	11	to	to	PART
emaj-92	109	12	investigate	investigate	VERB
emaj-92	109	13	the	the	DET
emaj-92	109	14	degree	degree	NOUN
emaj-92	109	15	of	of	ADP
emaj-92	109	16	stock	stock	NOUN
emaj-92	109	17	market	market	NOUN
emaj-92	109	18	correlation	correlation	NOUN
emaj-92	109	19	among	among	ADP
emaj-92	109	20	five	five	NUM
emaj-92	109	21	new	new	ADJ
emaj-92	109	22	eu	eu	PROPN
emaj-92	109	23	members	member	NOUN
emaj-92	109	24	and	and	CCONJ
emaj-92	109	25	the	the	DET
emaj-92	109	26	eurozone	eurozone	NOUN
emaj-92	109	27	and	and	CCONJ
emaj-92	109	28	demonstrated	demonstrate	VERB
emaj-92	109	29	that	that	SCONJ
emaj-92	109	30	the	the	DET
emaj-92	109	31	correlation	correlation	NOUN
emaj-92	109	32	between	between	ADP
emaj-92	109	33	the	the	DET
emaj-92	109	34	czech	czech	ADJ
emaj-92	109	35	and	and	CCONJ
emaj-92	109	36	polish	polish	ADJ
emaj-92	109	37	markets	market	NOUN
emaj-92	109	38	and	and	CCONJ
emaj-92	109	39	the	the	DET
emaj-92	109	40	euro	euro	PROPN
emaj-92	109	41	zone	zone	NOUN
emaj-92	109	42	has	have	AUX
emaj-92	109	43	been	be	AUX
emaj-92	109	44	increasing	increase	VERB
emaj-92	109	45	over	over	ADP
emaj-92	109	46	the	the	DET
emaj-92	109	47	past	past	ADJ
emaj-92	109	48	years	year	NOUN
emaj-92	109	49	,	,	PUNCT
emaj-92	109	50	although	although	SCONJ
emaj-92	109	51	the	the	DET
emaj-92	109	52	phenomenon	phenomenon	NOUN
emaj-92	109	53	can	can	AUX
emaj-92	109	54	not	not	PART
emaj-92	109	55	be	be	AUX
emaj-92	109	56	said	say	VERB
emaj-92	109	57	to	to	PART
emaj-92	109	58	be	be	AUX
emaj-92	109	59	widely	widely	ADV
emaj-92	109	60	present	present	ADJ
emaj-92	109	61	in	in	ADP
emaj-92	109	62	all	all	DET
emaj-92	109	63	the	the	DET
emaj-92	109	64	transition	transition	NOUN
emaj-92	109	65	countries	country	NOUN
emaj-92	109	66	.	.	PUNCT
emaj-92	110	1	they	they	PRON
emaj-92	110	2	have	have	AUX
emaj-92	110	3	also	also	ADV
emaj-92	110	4	shown	show	VERB
emaj-92	110	5	that	that	SCONJ
emaj-92	110	6	new	new	ADJ
emaj-92	110	7	eu	eu	PROPN
emaj-92	110	8	members	member	NOUN
emaj-92	110	9	have	have	VERB
emaj-92	110	10	closer	close	ADJ
emaj-92	110	11	ties	tie	NOUN
emaj-92	110	12	with	with	ADP
emaj-92	110	13	the	the	DET
emaj-92	110	14	eurozone	eurozone	NOUN
emaj-92	110	15	market	market	NOUN
emaj-92	110	16	than	than	ADP
emaj-92	110	17	with	with	ADP
emaj-92	110	18	the	the	DET
emaj-92	110	19	us	us	PROPN
emaj-92	110	20	market	market	NOUN
emaj-92	110	21	.	.	PUNCT
emaj-92	111	1	onay	onay	PROPN
emaj-92	111	2	(	(	PUNCT
emaj-92	111	3	2007	2007	NUM
emaj-92	111	4	)	)	PUNCT
emaj-92	111	5	used	use	VERB
emaj-92	111	6	the	the	DET
emaj-92	111	7	engle	engle	NOUN
emaj-92	111	8	-	-	PUNCT
emaj-92	111	9	granger	granger	PROPN
emaj-92	111	10	(	(	PUNCT
emaj-92	111	11	1987	1987	NUM
emaj-92	111	12	)	)	PUNCT
emaj-92	111	13	causality	causality	NOUN
emaj-92	111	14	test	test	NOUN
emaj-92	111	15	to	to	PART
emaj-92	111	16	present	present	VERB
emaj-92	111	17	evidence	evidence	NOUN
emaj-92	111	18	of	of	ADP
emaj-92	111	19	a	a	DET
emaj-92	111	20	causal	causal	ADJ
emaj-92	111	21	flow	flow	NOUN
emaj-92	111	22	from	from	ADP
emaj-92	111	23	european	european	PROPN
emaj-92	111	24	and	and	CCONJ
emaj-92	111	25	us	us	PROPN
emaj-92	111	26	equity	equity	NOUN
emaj-92	111	27	markets	market	NOUN
emaj-92	111	28	to	to	ADP
emaj-92	111	29	the	the	DET
emaj-92	111	30	croatian	croatian	ADJ
emaj-92	111	31	stock	stock	NOUN
emaj-92	111	32	market	market	NOUN
emaj-92	111	33	,	,	PUNCT
emaj-92	111	34	and	and	CCONJ
emaj-92	111	35	from	from	ADP
emaj-92	111	36	the	the	DET
emaj-92	111	37	turkish	turkish	NOUN
emaj-92	111	38	to	to	ADP
emaj-92	111	39	the	the	DET
emaj-92	111	40	bulgarian	bulgarian	ADJ
emaj-92	111	41	stock	stock	NOUN
emaj-92	111	42	market	market	NOUN
emaj-92	111	43	.	.	PUNCT
emaj-92	112	1	the	the	DET
emaj-92	112	2	long	long	ADJ
emaj-92	112	3	-	-	PUNCT
emaj-92	112	4	term	term	NOUN
emaj-92	112	5	stock	stock	NOUN
emaj-92	112	6	market	market	NOUN
emaj-92	112	7	interdependence	interdependence	NOUN
emaj-92	112	8	indicated	indicate	VERB
emaj-92	112	9	no	no	DET
emaj-92	112	10	long	long	ADJ
emaj-92	112	11	-	-	PUNCT
emaj-92	112	12	term	term	NOUN
emaj-92	112	13	relationship	relationship	NOUN
emaj-92	112	14	between	between	ADP
emaj-92	112	15	the	the	DET
emaj-92	112	16	secondround	secondround	NOUN
emaj-92	112	17	countries	country	NOUN
emaj-92	112	18	and	and	CCONJ
emaj-92	112	19	the	the	DET
emaj-92	112	20	eu	eu	PROPN
emaj-92	112	21	and	and	CCONJ
emaj-92	112	22	us	us	PROPN
emaj-92	112	23	stock	stock	NOUN
emaj-92	112	24	markets	market	NOUN
emaj-92	112	25	.	.	PUNCT
emaj-92	113	1	christiansen	christiansen	PROPN
emaj-92	113	2	and	and	CCONJ
emaj-92	113	3	ranaldo	ranaldo	PROPN
emaj-92	113	4	(	(	PUNCT
emaj-92	113	5	2008	2008	NUM
emaj-92	113	6	)	)	PUNCT
emaj-92	113	7	used	use	VERB
emaj-92	113	8	a	a	DET
emaj-92	113	9	multinomial	multinomial	ADJ
emaj-92	113	10	logit	logit	NOUN
emaj-92	113	11	model	model	NOUN
emaj-92	113	12	to	to	PART
emaj-92	113	13	investigate	investigate	VERB
emaj-92	113	14	stock	stock	NOUN
emaj-92	113	15	market	market	NOUN
emaj-92	113	16	integration	integration	NOUN
emaj-92	113	17	in	in	ADP
emaj-92	113	18	ten	ten	NUM
emaj-92	113	19	new	new	ADJ
emaj-92	113	20	eu	eu	PROPN
emaj-92	113	21	member	member	NOUN
emaj-92	113	22	states	state	NOUN
emaj-92	113	23	.	.	PUNCT
emaj-92	114	1	they	they	PRON
emaj-92	114	2	demonstrated	demonstrate	VERB
emaj-92	114	3	a	a	DET
emaj-92	114	4	higher	high	ADJ
emaj-92	114	5	degree	degree	NOUN
emaj-92	114	6	of	of	ADP
emaj-92	114	7	mutual	mutual	ADJ
emaj-92	114	8	relationship	relationship	NOUN
emaj-92	114	9	and	and	CCONJ
emaj-92	114	10	dependence	dependence	NOUN
emaj-92	114	11	on	on	ADP
emaj-92	114	12	the	the	DET
emaj-92	114	13	european	european	ADJ
emaj-92	114	14	stock	stock	NOUN
emaj-92	114	15	market	market	NOUN
emaj-92	114	16	,	,	PUNCT
emaj-92	114	17	especially	especially	ADV
emaj-92	114	18	after	after	ADP
emaj-92	114	19	eu	eu	PROPN
emaj-92	114	20	enlargement	enlargement	NOUN
emaj-92	114	21	in	in	ADP
emaj-92	114	22	2004	2004	NUM
emaj-92	114	23	.	.	PUNCT
emaj-92	115	1	the	the	DET
emaj-92	115	2	new	new	ADJ
emaj-92	115	3	eu	eu	PROPN
emaj-92	115	4	markets	market	NOUN
emaj-92	115	5	have	have	AUX
emaj-92	115	6	become	become	VERB
emaj-92	115	7	more	more	ADV
emaj-92	115	8	integrated	integrate	VERB
emaj-92	115	9	with	with	ADP
emaj-92	115	10	old	old	ADJ
emaj-92	115	11	eu	eu	PROPN
emaj-92	115	12	markets	market	NOUN
emaj-92	115	13	and	and	CCONJ
emaj-92	115	14	more	more	ADV
emaj-92	115	15	related	related	ADJ
emaj-92	115	16	to	to	ADP
emaj-92	115	17	the	the	DET
emaj-92	115	18	euro	euro	NOUN
emaj-92	115	19	.	.	PUNCT
emaj-92	116	1	3the	3the	DET
emaj-92	116	2	percentage	percentage	NOUN
emaj-92	116	3	of	of	ADP
emaj-92	116	4	asset	asset	NOUN
emaj-92	116	5	shares	share	NOUN
emaj-92	116	6	of	of	ADP
emaj-92	116	7	foreign	foreign	NOUN
emaj-92	116	8	-	-	PUNCT
emaj-92	116	9	owned	own	VERB
emaj-92	116	10	banks	bank	NOUN
emaj-92	116	11	(	(	PUNCT
emaj-92	116	12	relative	relative	ADJ
emaj-92	116	13	to	to	ADP
emaj-92	116	14	total	total	ADJ
emaj-92	116	15	bank	bank	NOUN
emaj-92	116	16	sector	sector	NOUN
emaj-92	116	17	assets	asset	NOUN
emaj-92	116	18	)	)	PUNCT
emaj-92	116	19	increased	increase	VERB
emaj-92	116	20	from	from	ADP
emaj-92	116	21	30	30	NUM
emaj-92	116	22	%	%	NOUN
emaj-92	116	23	in	in	ADP
emaj-92	116	24	1997	1997	NUM
emaj-92	116	25	to	to	PART
emaj-92	116	26	cca	cca	VERB
emaj-92	116	27	75	75	NUM
emaj-92	116	28	%	%	NOUN
emaj-92	116	29	in	in	ADP
emaj-92	116	30	2005	2005	NUM
emaj-92	116	31	(	(	PUNCT
emaj-92	116	32	baltzer	baltzer	NOUN
emaj-92	116	33	et	et	PROPN
emaj-92	116	34	al	al	PROPN
emaj-92	116	35	.	.	PROPN
emaj-92	116	36	2008	2008	NUM
emaj-92	116	37	)	)	PUNCT
emaj-92	116	38	.	.	PUNCT
emaj-92	117	1	volume	volume	NOUN
emaj-92	117	2	6	6	NUM
emaj-92	117	3	no	no	DET
emaj-92	117	4	1	1	NUM
emaj-92	117	5	(	(	PUNCT
emaj-92	117	6	2016	2016	NUM
emaj-92	117	7	)	)	PUNCT
emaj-92	117	8	|	|	ADV
emaj-92	117	9	issn	issn	VERB
emaj-92	117	10	2158	2158	NUM
emaj-92	117	11	-	-	SYM
emaj-92	117	12	8708	8708	NUM
emaj-92	117	13	(	(	PUNCT
emaj-92	117	14	online	online	NOUN
emaj-92	117	15	)	)	PUNCT
emaj-92	117	16	|	|	ADV
emaj-92	117	17	doi	doi	X
emaj-92	117	18	10.5195	10.5195	NUM
emaj-92	117	19	/	/	SYM
emaj-92	117	20	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	117	21	|	|	ADV
emaj-92	117	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	117	23	testing	test	VERB
emaj-92	117	24	the	the	DET
emaj-92	117	25	‘	'	PUNCT
emaj-92	117	26	black	black	ADJ
emaj-92	117	27	swan	swan	NOUN
emaj-92	117	28	effect	effect	NOUN
emaj-92	117	29	’	'	PUNCT
emaj-92	117	30	on	on	ADP
emaj-92	117	31	croatian	croatian	ADJ
emaj-92	117	32	stock	stock	NOUN
emaj-92	117	33	market	market	NOUN
emaj-92	117	34	between	between	ADP
emaj-92	117	35	2000	2000	NUM
emaj-92	117	36	and	and	CCONJ
emaj-92	117	37	2013	2013	NUM
emaj-92	117	38	page	page	NOUN
emaj-92	117	39	|4|	|4|	NOUN
emaj-92	117	40	emerging	emerge	VERB
emaj-92	117	41	markets	market	NOUN
emaj-92	117	42	journal	journal	NOUN
emaj-92	117	43	vizek	vizek	NOUN
emaj-92	117	44	and	and	CCONJ
emaj-92	117	45	dadić	dadić	NOUN
emaj-92	117	46	(	(	PUNCT
emaj-92	117	47	2006	2006	NUM
emaj-92	117	48	)	)	PUNCT
emaj-92	117	49	used	use	VERB
emaj-92	117	50	the	the	DET
emaj-92	117	51	johansen	johansen	PROPN
emaj-92	117	52	cointegration	cointegration	PROPN
emaj-92	117	53	test	test	NOUN
emaj-92	117	54	for	for	ADP
emaj-92	117	55	measuring	measure	VERB
emaj-92	117	56	equity	equity	NOUN
emaj-92	117	57	markets	market	NOUN
emaj-92	117	58	in	in	ADP
emaj-92	117	59	cee	cee	PROPN
emaj-92	117	60	.	.	PUNCT
emaj-92	118	1	the	the	DET
emaj-92	118	2	findings	finding	NOUN
emaj-92	118	3	indicate	indicate	VERB
emaj-92	118	4	multilateral	multilateral	ADJ
emaj-92	118	5	integration	integration	NOUN
emaj-92	118	6	between	between	ADP
emaj-92	118	7	the	the	DET
emaj-92	118	8	equity	equity	NOUN
emaj-92	118	9	markets	market	NOUN
emaj-92	118	10	of	of	ADP
emaj-92	118	11	analyzed	analyze	VERB
emaj-92	118	12	cee	cee	NOUN
emaj-92	118	13	economies	economy	NOUN
emaj-92	118	14	.	.	PUNCT
emaj-92	119	1	latković	latković	PROPN
emaj-92	119	2	(	(	PUNCT
emaj-92	119	3	2002	2002	NUM
emaj-92	119	4	)	)	PUNCT
emaj-92	119	5	and	and	CCONJ
emaj-92	119	6	levaj	levaj	NOUN
emaj-92	119	7	et	et	PROPN
emaj-92	119	8	al	al	PROPN
emaj-92	119	9	.	.	PROPN
emaj-92	120	1	(	(	PUNCT
emaj-92	120	2	2005	2005	NUM
emaj-92	120	3	)	)	PUNCT
emaj-92	120	4	used	use	VERB
emaj-92	120	5	the	the	DET
emaj-92	120	6	main	main	ADJ
emaj-92	120	7	croatian	croatian	ADJ
emaj-92	120	8	stock	stock	NOUN
emaj-92	120	9	market	market	NOUN
emaj-92	120	10	index	index	NOUN
emaj-92	120	11	(	(	PUNCT
emaj-92	120	12	podravka	podravka	NOUN
emaj-92	120	13	company	company	NOUN
emaj-92	120	14	’s	’s	PART
emaj-92	120	15	stock	stock	NOUN
emaj-92	120	16	data	data	PROPN
emaj-92	120	17	)	)	PUNCT
emaj-92	120	18	and	and	CCONJ
emaj-92	120	19	a	a	DET
emaj-92	120	20	few	few	ADJ
emaj-92	120	21	company	company	NOUN
emaj-92	120	22	indices	indice	VERB
emaj-92	120	23	to	to	PART
emaj-92	120	24	estimate	estimate	VERB
emaj-92	120	25	a	a	DET
emaj-92	120	26	garch	garch	NOUN
emaj-92	120	27	model	model	NOUN
emaj-92	120	28	and	and	CCONJ
emaj-92	120	29	illustrate	illustrate	VERB
emaj-92	120	30	how	how	SCONJ
emaj-92	120	31	this	this	DET
emaj-92	120	32	model	model	NOUN
emaj-92	120	33	can	can	AUX
emaj-92	120	34	be	be	AUX
emaj-92	120	35	used	use	VERB
emaj-92	120	36	in	in	ADP
emaj-92	120	37	volatility	volatility	NOUN
emaj-92	120	38	forecasting	forecasting	NOUN
emaj-92	120	39	.	.	PUNCT
emaj-92	121	1	žiković	žiković	PROPN
emaj-92	121	2	(	(	PUNCT
emaj-92	121	3	2006	2006	NUM
emaj-92	121	4	)	)	PUNCT
emaj-92	121	5	applied	apply	VERB
emaj-92	121	6	a	a	DET
emaj-92	121	7	var	var	NOUN
emaj-92	121	8	(	(	PUNCT
emaj-92	121	9	value	value	NOUN
emaj-92	121	10	-	-	PUNCT
emaj-92	121	11	at	at	ADP
emaj-92	121	12	-	-	PUNCT
emaj-92	121	13	risk	risk	NOUN
emaj-92	121	14	)	)	PUNCT
emaj-92	121	15	methodology	methodology	NOUN
emaj-92	121	16	and	and	CCONJ
emaj-92	121	17	historical	historical	ADJ
emaj-92	121	18	simulation	simulation	NOUN
emaj-92	121	19	of	of	ADP
emaj-92	121	20	the	the	DET
emaj-92	121	21	croatian	croatian	ADJ
emaj-92	121	22	stock	stock	NOUN
emaj-92	121	23	market	market	NOUN
emaj-92	121	24	indices	indice	VERB
emaj-92	121	25	in	in	ADP
emaj-92	121	26	an	an	DET
emaj-92	121	27	effort	effort	NOUN
emaj-92	121	28	to	to	PART
emaj-92	121	29	measure	measure	VERB
emaj-92	121	30	var	var	NOUN
emaj-92	121	31	,	,	PUNCT
emaj-92	121	32	calendar	calendar	NOUN
emaj-92	121	33	effects	effect	NOUN
emaj-92	121	34	,	,	PUNCT
emaj-92	121	35	and	and	CCONJ
emaj-92	121	36	their	their	PRON
emaj-92	121	37	impact	impact	NOUN
emaj-92	121	38	on	on	ADP
emaj-92	121	39	conditional	conditional	ADJ
emaj-92	121	40	volatility	volatility	NOUN
emaj-92	121	41	.	.	PUNCT
emaj-92	122	1	hanousek	hanousek	PROPN
emaj-92	122	2	et	et	PROPN
emaj-92	122	3	al	al	PROPN
emaj-92	122	4	.	.	PROPN
emaj-92	123	1	(	(	PUNCT
emaj-92	123	2	2009	2009	NUM
emaj-92	123	3	)	)	PUNCT
emaj-92	123	4	estimated	estimate	VERB
emaj-92	123	5	the	the	DET
emaj-92	123	6	impact	impact	NOUN
emaj-92	123	7	of	of	ADP
emaj-92	123	8	macroeconomic	macroeconomic	ADJ
emaj-92	123	9	news	news	NOUN
emaj-92	123	10	on	on	ADP
emaj-92	123	11	composite	composite	ADJ
emaj-92	123	12	stock	stock	NOUN
emaj-92	123	13	returns	return	NOUN
emaj-92	123	14	in	in	ADP
emaj-92	123	15	three	three	NUM
emaj-92	123	16	emerging	emerge	VERB
emaj-92	123	17	european	european	PROPN
emaj-92	123	18	union	union	PROPN
emaj-92	123	19	financial	financial	ADJ
emaj-92	123	20	markets	market	NOUN
emaj-92	123	21	(	(	PUNCT
emaj-92	123	22	the	the	DET
emaj-92	123	23	budapest	budapest	PROPN
emaj-92	123	24	bux	bux	PROPN
emaj-92	123	25	,	,	PUNCT
emaj-92	123	26	prague	prague	NOUN
emaj-92	123	27	px-50	px-50	ADV
emaj-92	123	28	,	,	PUNCT
emaj-92	123	29	and	and	CCONJ
emaj-92	123	30	warsaw	warsaw	PROPN
emaj-92	123	31	wig-20	wig-20	NUM
emaj-92	123	32	)	)	PUNCT
emaj-92	123	33	,	,	PUNCT
emaj-92	123	34	using	use	VERB
emaj-92	123	35	intraday	intraday	NOUN
emaj-92	123	36	data	datum	NOUN
emaj-92	123	37	and	and	CCONJ
emaj-92	123	38	macroeconomic	macroeconomic	ADJ
emaj-92	123	39	announcements	announcement	NOUN
emaj-92	123	40	.	.	PUNCT
emaj-92	124	1	they	they	PRON
emaj-92	124	2	found	find	VERB
emaj-92	124	3	that	that	SCONJ
emaj-92	124	4	all	all	DET
emaj-92	124	5	three	three	NUM
emaj-92	124	6	new	new	ADJ
emaj-92	124	7	eu	eu	PROPN
emaj-92	124	8	stock	stock	NOUN
emaj-92	124	9	markets	market	NOUN
emaj-92	124	10	are	be	AUX
emaj-92	124	11	subject	subject	ADJ
emaj-92	124	12	to	to	ADP
emaj-92	124	13	significant	significant	ADJ
emaj-92	124	14	spillovers	spillover	NOUN
emaj-92	124	15	directly	directly	ADV
emaj-92	124	16	through	through	ADP
emaj-92	124	17	the	the	DET
emaj-92	124	18	composite	composite	ADJ
emaj-92	124	19	index	index	NOUN
emaj-92	124	20	returns	return	NOUN
emaj-92	124	21	from	from	ADP
emaj-92	124	22	the	the	DET
emaj-92	124	23	eu	eu	PROPN
emaj-92	124	24	,	,	PUNCT
emaj-92	125	1	the	the	DET
emaj-92	125	2	u.s	u.s	PROPN
emaj-92	125	3	.	.	PROPN
emaj-92	125	4	and	and	CCONJ
emaj-92	125	5	neighboring	neighboring	NOUN
emaj-92	125	6	markets	market	NOUN
emaj-92	126	1	;	;	PUNCT
emaj-92	126	2	budapest	budapest	NOUN
emaj-92	126	3	exhibits	exhibit	VERB
emaj-92	126	4	the	the	DET
emaj-92	126	5	strongest	strong	ADJ
emaj-92	126	6	spillover	spillover	ADJ
emaj-92	126	7	effect	effect	NOUN
emaj-92	126	8	,	,	PUNCT
emaj-92	126	9	followed	follow	VERB
emaj-92	126	10	by	by	ADP
emaj-92	126	11	warsaw	warsaw	PROPN
emaj-92	126	12	and	and	CCONJ
emaj-92	126	13	prague	prague	PROPN
emaj-92	126	14	.	.	PUNCT
emaj-92	127	1	the	the	DET
emaj-92	127	2	czech	czech	ADJ
emaj-92	127	3	and	and	CCONJ
emaj-92	127	4	hungarian	hungarian	ADJ
emaj-92	127	5	markets	market	NOUN
emaj-92	127	6	are	be	AUX
emaj-92	127	7	also	also	ADV
emaj-92	127	8	subject	subject	ADJ
emaj-92	127	9	to	to	ADP
emaj-92	127	10	spillovers	spillover	NOUN
emaj-92	127	11	indirectly	indirectly	ADV
emaj-92	127	12	through	through	ADP
emaj-92	127	13	the	the	DET
emaj-92	127	14	transmission	transmission	NOUN
emaj-92	127	15	of	of	ADP
emaj-92	127	16	macroeconomic	macroeconomic	ADJ
emaj-92	127	17	news	news	NOUN
emaj-92	127	18	.	.	PUNCT
emaj-92	128	1	the	the	DET
emaj-92	128	2	impact	impact	NOUN
emaj-92	128	3	of	of	ADP
emaj-92	128	4	eu	eu	ADJ
emaj-92	128	5	-	-	ADJ
emaj-92	128	6	wide	wide	ADJ
emaj-92	128	7	announcements	announcement	NOUN
emaj-92	128	8	is	be	AUX
emaj-92	128	9	evidenced	evidence	VERB
emaj-92	128	10	more	more	ADV
emaj-92	128	11	in	in	ADP
emaj-92	128	12	the	the	DET
emaj-92	128	13	case	case	NOUN
emaj-92	128	14	of	of	ADP
emaj-92	128	15	hungary	hungary	PROPN
emaj-92	128	16	,	,	PUNCT
emaj-92	128	17	while	while	SCONJ
emaj-92	128	18	the	the	DET
emaj-92	128	19	czech	czech	ADJ
emaj-92	128	20	market	market	NOUN
emaj-92	128	21	is	be	AUX
emaj-92	128	22	more	more	ADV
emaj-92	128	23	impacted	impact	VERB
emaj-92	128	24	by	by	ADP
emaj-92	128	25	u.s	u.s	PROPN
emaj-92	128	26	.	.	PROPN
emaj-92	128	27	news	news	PROPN
emaj-92	128	28	.	.	PUNCT
emaj-92	129	1	the	the	DET
emaj-92	129	2	polish	polish	ADJ
emaj-92	129	3	market	market	NOUN
emaj-92	129	4	is	be	AUX
emaj-92	129	5	marginally	marginally	ADV
emaj-92	129	6	affected	affect	VERB
emaj-92	129	7	by	by	ADP
emaj-92	129	8	eu	eu	PROPN
emaj-92	129	9	news	news	PROPN
emaj-92	129	10	.	.	PUNCT
emaj-92	130	1	in	in	ADP
emaj-92	130	2	other	other	ADJ
emaj-92	130	3	case	case	NOUN
emaj-92	130	4	,	,	PUNCT
emaj-92	130	5	egert	egert	NOUN
emaj-92	130	6	and	and	CCONJ
emaj-92	130	7	kočenda	kočenda	PROPN
emaj-92	130	8	(	(	PUNCT
emaj-92	130	9	2007	2007	NUM
emaj-92	130	10	)	)	PUNCT
emaj-92	130	11	examined	examine	VERB
emaj-92	130	12	intraday	intraday	NOUN
emaj-92	130	13	comovements	comovement	NOUN
emaj-92	130	14	among	among	ADP
emaj-92	130	15	three	three	NUM
emaj-92	130	16	developed	develop	VERB
emaj-92	130	17	(	(	PUNCT
emaj-92	130	18	france	france	PROPN
emaj-92	130	19	,	,	PUNCT
emaj-92	130	20	germany	germany	PROPN
emaj-92	130	21	,	,	PUNCT
emaj-92	130	22	and	and	CCONJ
emaj-92	130	23	the	the	DET
emaj-92	130	24	united	united	ADJ
emaj-92	130	25	kingdom	kingdom	PROPN
emaj-92	130	26	)	)	PUNCT
emaj-92	130	27	and	and	CCONJ
emaj-92	130	28	three	three	NUM
emaj-92	130	29	emerging	emerge	VERB
emaj-92	130	30	(	(	PUNCT
emaj-92	130	31	the	the	DET
emaj-92	130	32	czech	czech	PROPN
emaj-92	130	33	republic	republic	NOUN
emaj-92	130	34	,	,	PUNCT
emaj-92	130	35	hungary	hungary	PROPN
emaj-92	130	36	and	and	CCONJ
emaj-92	130	37	poland	poland	PROPN
emaj-92	130	38	)	)	PUNCT
emaj-92	130	39	european	european	ADJ
emaj-92	130	40	stock	stock	NOUN
emaj-92	130	41	markets	market	NOUN
emaj-92	130	42	.	.	PUNCT
emaj-92	131	1	they	they	PRON
emaj-92	131	2	applied	apply	VERB
emaj-92	131	3	a	a	DET
emaj-92	131	4	dynamic	dynamic	ADJ
emaj-92	131	5	conditional	conditional	ADJ
emaj-92	131	6	correlation	correlation	NOUN
emaj-92	131	7	garch	garch	NOUN
emaj-92	131	8	model	model	NOUN
emaj-92	131	9	to	to	ADP
emaj-92	131	10	five	five	NUM
emaj-92	131	11	-	-	PUNCT
emaj-92	131	12	minute	minute	NOUN
emaj-92	131	13	tick	tick	NOUN
emaj-92	131	14	intraday	intraday	NOUN
emaj-92	131	15	stock	stock	NOUN
emaj-92	131	16	price	price	NOUN
emaj-92	131	17	data	datum	NOUN
emaj-92	131	18	(	(	PUNCT
emaj-92	131	19	2003–2006	2003–2006	NUM
emaj-92	131	20	)	)	PUNCT
emaj-92	131	21	and	and	CCONJ
emaj-92	131	22	found	find	VERB
emaj-92	131	23	a	a	DET
emaj-92	131	24	strong	strong	ADJ
emaj-92	131	25	correlation	correlation	NOUN
emaj-92	131	26	between	between	ADP
emaj-92	131	27	the	the	DET
emaj-92	131	28	german	german	ADJ
emaj-92	131	29	and	and	CCONJ
emaj-92	131	30	french	french	ADJ
emaj-92	131	31	markets	market	NOUN
emaj-92	131	32	and	and	CCONJ
emaj-92	131	33	also	also	ADV
emaj-92	131	34	between	between	ADP
emaj-92	131	35	these	these	DET
emaj-92	131	36	two	two	NUM
emaj-92	131	37	markets	market	NOUN
emaj-92	131	38	and	and	CCONJ
emaj-92	131	39	the	the	DET
emaj-92	131	40	uk	uk	PROPN
emaj-92	131	41	stock	stock	NOUN
emaj-92	131	42	market	market	NOUN
emaj-92	131	43	.	.	PUNCT
emaj-92	132	1	however	however	ADV
emaj-92	132	2	,	,	PUNCT
emaj-92	132	3	very	very	ADV
emaj-92	132	4	little	little	ADJ
emaj-92	132	5	systematic	systematic	ADJ
emaj-92	132	6	positive	positive	ADJ
emaj-92	132	7	correlation	correlation	NOUN
emaj-92	132	8	during	during	ADP
emaj-92	132	9	a	a	DET
emaj-92	132	10	trading	trading	NOUN
emaj-92	132	11	day	day	NOUN
emaj-92	132	12	can	can	AUX
emaj-92	132	13	be	be	AUX
emaj-92	132	14	detected	detect	VERB
emaj-92	132	15	between	between	ADP
emaj-92	132	16	the	the	DET
emaj-92	132	17	developed	developed	ADJ
emaj-92	132	18	and	and	CCONJ
emaj-92	132	19	emerging	emerge	VERB
emaj-92	132	20	stock	stock	NOUN
emaj-92	132	21	markets	market	NOUN
emaj-92	132	22	,	,	PUNCT
emaj-92	132	23	or	or	CCONJ
emaj-92	132	24	within	within	ADP
emaj-92	132	25	the	the	DET
emaj-92	132	26	emerging	emerge	VERB
emaj-92	132	27	group	group	NOUN
emaj-92	132	28	itself	itself	PRON
emaj-92	132	29	.	.	PUNCT
emaj-92	133	1	hungary	hungary	PROPN
emaj-92	133	2	exhibits	exhibit	VERB
emaj-92	133	3	higher	high	ADJ
emaj-92	133	4	correlation	correlation	NOUN
emaj-92	133	5	with	with	ADP
emaj-92	133	6	the	the	DET
emaj-92	133	7	developing	develop	VERB
emaj-92	133	8	markets	market	NOUN
emaj-92	133	9	and	and	CCONJ
emaj-92	133	10	the	the	DET
emaj-92	133	11	emerging	emerge	VERB
emaj-92	133	12	markets	market	NOUN
emaj-92	133	13	,	,	PUNCT
emaj-92	133	14	and	and	CCONJ
emaj-92	133	15	its	its	PRON
emaj-92	133	16	dynamics	dynamic	NOUN
emaj-92	133	17	show	show	VERB
emaj-92	133	18	a	a	DET
emaj-92	133	19	rising	rise	VERB
emaj-92	133	20	trend	trend	NOUN
emaj-92	133	21	.	.	PUNCT
emaj-92	134	1	intraday	intraday	NOUN
emaj-92	134	2	data	datum	NOUN
emaj-92	134	3	were	be	AUX
emaj-92	134	4	also	also	ADV
emaj-92	134	5	in	in	ADP
emaj-92	134	6	the	the	DET
emaj-92	134	7	focus	focus	NOUN
emaj-92	134	8	of	of	ADP
emaj-92	134	9	černý	černý	NOUN
emaj-92	134	10	and	and	CCONJ
emaj-92	134	11	koblas	koblas	PROPN
emaj-92	134	12	(	(	PUNCT
emaj-92	134	13	2008	2008	NUM
emaj-92	134	14	)	)	PUNCT
emaj-92	134	15	who	who	PRON
emaj-92	134	16	studied	study	VERB
emaj-92	134	17	stock	stock	NOUN
emaj-92	134	18	market	market	NOUN
emaj-92	134	19	integration	integration	NOUN
emaj-92	134	20	and	and	CCONJ
emaj-92	134	21	the	the	DET
emaj-92	134	22	speed	speed	NOUN
emaj-92	134	23	of	of	ADP
emaj-92	134	24	information	information	NOUN
emaj-92	134	25	transmission	transmission	NOUN
emaj-92	134	26	on	on	ADP
emaj-92	134	27	intraday	intraday	NOUN
emaj-92	134	28	data	datum	NOUN
emaj-92	134	29	or	or	CCONJ
emaj-92	134	30	even	even	ADV
emaj-92	134	31	less	less	ADV
emaj-92	134	32	frequent	frequent	ADJ
emaj-92	134	33	observations	observation	NOUN
emaj-92	134	34	.	.	PUNCT
emaj-92	135	1	they	they	PRON
emaj-92	135	2	also	also	ADV
emaj-92	135	3	studied	study	VERB
emaj-92	135	4	the	the	DET
emaj-92	135	5	effect	effect	NOUN
emaj-92	135	6	of	of	ADP
emaj-92	135	7	macroeconomic	macroeconomic	ADJ
emaj-92	135	8	releases	release	NOUN
emaj-92	135	9	(	(	PUNCT
emaj-92	135	10	market	market	NOUN
emaj-92	135	11	returns	return	NOUN
emaj-92	135	12	,	,	PUNCT
emaj-92	135	13	volatility	volatility	NOUN
emaj-92	135	14	and	and	CCONJ
emaj-92	135	15	trading	trading	NOUN
emaj-92	135	16	volumes	volume	NOUN
emaj-92	135	17	)	)	PUNCT
emaj-92	135	18	from	from	ADP
emaj-92	135	19	different	different	ADJ
emaj-92	135	20	countries	country	NOUN
emaj-92	135	21	on	on	ADP
emaj-92	135	22	different	different	ADJ
emaj-92	135	23	markets	market	NOUN
emaj-92	135	24	through	through	ADP
emaj-92	135	25	high	high	ADJ
emaj-92	135	26	-	-	PUNCT
emaj-92	135	27	frequency	frequency	NOUN
emaj-92	135	28	index	index	NOUN
emaj-92	135	29	data	datum	NOUN
emaj-92	135	30	from	from	ADP
emaj-92	135	31	markets	market	NOUN
emaj-92	135	32	in	in	ADP
emaj-92	135	33	the	the	DET
emaj-92	135	34	u.s	u.s	PROPN
emaj-92	135	35	.	.	PROPN
emaj-92	135	36	and	and	CCONJ
emaj-92	135	37	london	london	PROPN
emaj-92	135	38	.	.	PUNCT
emaj-92	136	1	the	the	DET
emaj-92	136	2	authors	author	NOUN
emaj-92	136	3	suggest	suggest	VERB
emaj-92	136	4	that	that	SCONJ
emaj-92	136	5	,	,	PUNCT
emaj-92	136	6	the	the	DET
emaj-92	136	7	speed	speed	NOUN
emaj-92	136	8	of	of	ADP
emaj-92	136	9	information	information	NOUN
emaj-92	136	10	transmission	transmission	NOUN
emaj-92	136	11	on	on	ADP
emaj-92	136	12	stock	stock	NOUN
emaj-92	136	13	markets	market	NOUN
emaj-92	136	14	is	be	AUX
emaj-92	136	15	very	very	ADV
emaj-92	136	16	high	high	ADJ
emaj-92	136	17	and	and	CCONJ
emaj-92	136	18	that	that	SCONJ
emaj-92	136	19	in	in	ADP
emaj-92	136	20	most	most	ADJ
emaj-92	136	21	cases	case	NOUN
emaj-92	136	22	it	it	PRON
emaj-92	136	23	is	be	AUX
emaj-92	136	24	within	within	ADP
emaj-92	136	25	one	one	NUM
emaj-92	136	26	hour	hour	NOUN
emaj-92	136	27	that	that	SCONJ
emaj-92	136	28	a	a	DET
emaj-92	136	29	reaction	reaction	NOUN
emaj-92	136	30	to	to	ADP
emaj-92	136	31	stock	stock	NOUN
emaj-92	136	32	prices	price	NOUN
emaj-92	136	33	occurs	occur	VERB
emaj-92	136	34	.	.	PUNCT
emaj-92	137	1	with	with	ADP
emaj-92	137	2	integrated	integrate	VERB
emaj-92	137	3	stock	stock	NOUN
emaj-92	137	4	markets	market	NOUN
emaj-92	137	5	,	,	PUNCT
emaj-92	137	6	information	information	NOUN
emaj-92	137	7	originating	originate	VERB
emaj-92	137	8	from	from	ADP
emaj-92	137	9	one	one	NUM
emaj-92	137	10	market	market	NOUN
emaj-92	137	11	should	should	AUX
emaj-92	137	12	be	be	AUX
emaj-92	137	13	important	important	ADJ
emaj-92	137	14	to	to	ADP
emaj-92	137	15	other	other	ADJ
emaj-92	137	16	markets	market	NOUN
emaj-92	137	17	.	.	PUNCT
emaj-92	138	1	they	they	PRON
emaj-92	138	2	found	find	VERB
emaj-92	138	3	out	out	ADP
emaj-92	138	4	that	that	SCONJ
emaj-92	138	5	,	,	PUNCT
emaj-92	138	6	stock	stock	NOUN
emaj-92	138	7	markets	market	NOUN
emaj-92	138	8	in	in	ADP
emaj-92	138	9	warsaw	warsaw	PROPN
emaj-92	138	10	and	and	CCONJ
emaj-92	138	11	krakow	krakow	PROPN
emaj-92	138	12	depend	depend	VERB
emaj-92	138	13	on	on	ADP
emaj-92	138	14	the	the	DET
emaj-92	138	15	movements	movement	NOUN
emaj-92	138	16	of	of	ADP
emaj-92	138	17	the	the	DET
emaj-92	138	18	frankfurt	frankfurt	PROPN
emaj-92	138	19	stock	stock	PROPN
emaj-92	138	20	exchange	exchange	PROPN
emaj-92	138	21	,	,	PUNCT
emaj-92	138	22	but	but	CCONJ
emaj-92	138	23	not	not	PART
emaj-92	138	24	vice	vice	ADV
emaj-92	138	25	versa	versa	ADV
emaj-92	138	26	.	.	PUNCT
emaj-92	139	1	the	the	DET
emaj-92	139	2	three	three	NUM
emaj-92	139	3	small	small	ADJ
emaj-92	139	4	eastern	eastern	ADJ
emaj-92	139	5	european	european	ADJ
emaj-92	139	6	markets	market	NOUN
emaj-92	139	7	in	in	ADP
emaj-92	139	8	warsaw	warsaw	PROPN
emaj-92	139	9	,	,	PUNCT
emaj-92	139	10	prague	prague	PROPN
emaj-92	139	11	and	and	CCONJ
emaj-92	139	12	budapest	budapest	PROPN
emaj-92	139	13	react	react	VERB
emaj-92	139	14	to	to	ADP
emaj-92	139	15	information	information	NOUN
emaj-92	139	16	revealed	reveal	VERB
emaj-92	139	17	in	in	ADP
emaj-92	139	18	the	the	DET
emaj-92	139	19	market	market	NOUN
emaj-92	139	20	in	in	ADP
emaj-92	139	21	frankfurt	frankfurt	PROPN
emaj-92	139	22	–	–	PUNCT
emaj-92	139	23	usually	usually	ADV
emaj-92	139	24	within	within	ADP
emaj-92	139	25	40	40	NUM
emaj-92	139	26	minutes	minute	NOUN
emaj-92	139	27	to	to	ADP
emaj-92	139	28	an	an	DET
emaj-92	139	29	hour	hour	NOUN
emaj-92	139	30	.	.	PUNCT
emaj-92	140	1	the	the	DET
emaj-92	140	2	u.s	u.s	PROPN
emaj-92	140	3	.	.	PROPN
emaj-92	140	4	market	market	NOUN
emaj-92	140	5	seems	seem	VERB
emaj-92	140	6	to	to	PART
emaj-92	140	7	be	be	AUX
emaj-92	140	8	an	an	DET
emaj-92	140	9	important	important	ADJ
emaj-92	140	10	source	source	NOUN
emaj-92	140	11	of	of	ADP
emaj-92	140	12	information	information	NOUN
emaj-92	140	13	for	for	ADP
emaj-92	140	14	the	the	DET
emaj-92	140	15	markets	market	NOUN
emaj-92	140	16	in	in	ADP
emaj-92	140	17	london	london	PROPN
emaj-92	140	18	and	and	CCONJ
emaj-92	140	19	frankfurt	frankfurt	PROPN
emaj-92	140	20	which	which	PRON
emaj-92	140	21	react	react	VERB
emaj-92	140	22	to	to	ADP
emaj-92	140	23	such	such	ADJ
emaj-92	140	24	information	information	NOUN
emaj-92	140	25	within	within	ADP
emaj-92	140	26	approximately	approximately	ADV
emaj-92	140	27	30	30	NUM
emaj-92	140	28	to	to	PART
emaj-92	140	29	40	40	NUM
emaj-92	140	30	minutes	minute	NOUN
emaj-92	140	31	,	,	PUNCT
emaj-92	140	32	with	with	ADP
emaj-92	140	33	the	the	DET
emaj-92	140	34	strongest	strong	ADJ
emaj-92	140	35	reaction	reaction	NOUN
emaj-92	140	36	in	in	ADP
emaj-92	140	37	the	the	DET
emaj-92	140	38	first	first	ADJ
emaj-92	140	39	ten	ten	NUM
emaj-92	140	40	minutes	minute	NOUN
emaj-92	140	41	.	.	PUNCT
emaj-92	141	1	the	the	DET
emaj-92	141	2	markets	market	NOUN
emaj-92	141	3	in	in	ADP
emaj-92	141	4	london	london	PROPN
emaj-92	141	5	,	,	PUNCT
emaj-92	141	6	frankfurt	frankfurt	PROPN
emaj-92	141	7	and	and	CCONJ
emaj-92	141	8	paris	paris	PROPN
emaj-92	141	9	react	react	VERB
emaj-92	141	10	to	to	ADP
emaj-92	141	11	information	information	NOUN
emaj-92	141	12	within	within	ADP
emaj-92	141	13	one	one	NUM
emaj-92	141	14	hour	hour	NOUN
emaj-92	141	15	,	,	PUNCT
emaj-92	141	16	while	while	SCONJ
emaj-92	141	17	the	the	DET
emaj-92	141	18	strongest	strong	ADJ
emaj-92	141	19	reaction	reaction	NOUN
emaj-92	141	20	is	be	AUX
emaj-92	141	21	detected	detect	VERB
emaj-92	141	22	after	after	ADP
emaj-92	141	23	20	20	NUM
emaj-92	141	24	minutes	minute	NOUN
emaj-92	141	25	.	.	PUNCT
emaj-92	142	1	they	they	PRON
emaj-92	142	2	found	find	VERB
emaj-92	142	3	that	that	SCONJ
emaj-92	142	4	the	the	DET
emaj-92	142	5	strongest	strong	ADJ
emaj-92	142	6	reaction	reaction	NOUN
emaj-92	142	7	is	be	AUX
emaj-92	142	8	in	in	ADP
emaj-92	142	9	the	the	DET
emaj-92	142	10	ftse	ftse	PROPN
emaj-92	142	11	index	index	NOUN
emaj-92	142	12	.	.	PUNCT
emaj-92	143	1	dvorák	dvorák	INTJ
emaj-92	143	2	and	and	CCONJ
emaj-92	143	3	podpiera	podpiera	NOUN
emaj-92	143	4	(	(	PUNCT
emaj-92	143	5	2006	2006	NUM
emaj-92	143	6	)	)	PUNCT
emaj-92	143	7	applied	apply	VERB
emaj-92	143	8	the	the	DET
emaj-92	143	9	betaconvergence	betaconvergence	NOUN
emaj-92	143	10	method	method	NOUN
emaj-92	143	11	and	and	CCONJ
emaj-92	143	12	observed	observe	VERB
emaj-92	143	13	an	an	DET
emaj-92	143	14	increase	increase	NOUN
emaj-92	143	15	in	in	ADP
emaj-92	143	16	stock	stock	NOUN
emaj-92	143	17	prices	price	NOUN
emaj-92	143	18	in	in	ADP
emaj-92	143	19	candidate	candidate	NOUN
emaj-92	143	20	countries	country	NOUN
emaj-92	143	21	once	once	SCONJ
emaj-92	143	22	eu	eu	PROPN
emaj-92	143	23	enlargement	enlargement	NOUN
emaj-92	143	24	was	be	AUX
emaj-92	143	25	announced	announce	VERB
emaj-92	143	26	.	.	PUNCT
emaj-92	144	1	they	they	PRON
emaj-92	144	2	investigated	investigate	VERB
emaj-92	144	3	the	the	DET
emaj-92	144	4	hypothesis	hypothesis	NOUN
emaj-92	144	5	that	that	SCONJ
emaj-92	144	6	the	the	DET
emaj-92	144	7	rise	rise	NOUN
emaj-92	144	8	in	in	ADP
emaj-92	144	9	stock	stock	NOUN
emaj-92	144	10	prices	price	NOUN
emaj-92	144	11	was	be	AUX
emaj-92	144	12	the	the	DET
emaj-92	144	13	result	result	NOUN
emaj-92	144	14	of	of	ADP
emaj-92	144	15	the	the	DET
emaj-92	144	16	reprising	reprising	NOUN
emaj-92	144	17	of	of	ADP
emaj-92	144	18	systematic	systematic	ADJ
emaj-92	144	19	risk	risk	NOUN
emaj-92	144	20	due	due	ADP
emaj-92	144	21	to	to	ADP
emaj-92	144	22	the	the	DET
emaj-92	144	23	integration	integration	NOUN
emaj-92	144	24	of	of	ADP
emaj-92	144	25	accession	accession	NOUN
emaj-92	144	26	countries	country	NOUN
emaj-92	144	27	into	into	ADP
emaj-92	144	28	the	the	DET
emaj-92	144	29	world	world	NOUN
emaj-92	144	30	market	market	NOUN
emaj-92	144	31	.	.	PUNCT
emaj-92	145	1	they	they	PRON
emaj-92	145	2	found	find	VERB
emaj-92	145	3	that	that	SCONJ
emaj-92	145	4	firmlevel	firmlevel	ADJ
emaj-92	145	5	stock	stock	NOUN
emaj-92	145	6	price	price	NOUN
emaj-92	145	7	changes	change	NOUN
emaj-92	145	8	were	be	AUX
emaj-92	145	9	positively	positively	ADV
emaj-92	145	10	related	relate	VERB
emaj-92	145	11	to	to	ADP
emaj-92	145	12	the	the	DET
emaj-92	145	13	difference	difference	NOUN
emaj-92	145	14	between	between	ADP
emaj-92	145	15	a	a	DET
emaj-92	145	16	firm	firm	NOUN
emaj-92	145	17	’s	’s	PART
emaj-92	145	18	local	local	ADJ
emaj-92	145	19	and	and	CCONJ
emaj-92	145	20	world	world	NOUN
emaj-92	145	21	market	market	NOUN
emaj-92	145	22	betas	beta	NOUN
emaj-92	145	23	.	.	PUNCT
emaj-92	146	1	the	the	DET
emaj-92	146	2	evidence	evidence	NOUN
emaj-92	146	3	suggests	suggest	VERB
emaj-92	146	4	that	that	SCONJ
emaj-92	146	5	at	at	ADV
emaj-92	146	6	least	least	ADJ
emaj-92	146	7	part	part	NOUN
emaj-92	146	8	of	of	ADP
emaj-92	146	9	the	the	DET
emaj-92	146	10	stock	stock	NOUN
emaj-92	146	11	price	price	NOUN
emaj-92	146	12	increase	increase	NOUN
emaj-92	146	13	can	can	AUX
emaj-92	146	14	be	be	AUX
emaj-92	146	15	explained	explain	VERB
emaj-92	146	16	by	by	ADP
emaj-92	146	17	the	the	DET
emaj-92	146	18	difference	difference	NOUN
emaj-92	146	19	between	between	ADP
emaj-92	146	20	stocks	stock	NOUN
emaj-92	146	21	’	'	PUNCT
emaj-92	146	22	local	local	ADJ
emaj-92	146	23	and	and	CCONJ
emaj-92	146	24	world	world	NOUN
emaj-92	146	25	betas	beta	NOUN
emaj-92	146	26	.	.	PUNCT
emaj-92	147	1	stocks	stock	NOUN
emaj-92	147	2	that	that	PRON
emaj-92	147	3	had	have	VERB
emaj-92	147	4	a	a	DET
emaj-92	147	5	high	high	ADJ
emaj-92	147	6	local	local	ADJ
emaj-92	147	7	beta	beta	NOUN
emaj-92	147	8	but	but	CCONJ
emaj-92	147	9	a	a	DET
emaj-92	147	10	low	low	ADJ
emaj-92	147	11	world	world	NOUN
emaj-92	147	12	beta	beta	NOUN
emaj-92	147	13	experienced	experience	VERB
emaj-92	147	14	a	a	DET
emaj-92	147	15	higher	high	ADJ
emaj-92	147	16	price	price	NOUN
emaj-92	147	17	increase	increase	NOUN
emaj-92	147	18	than	than	ADP
emaj-92	147	19	other	other	ADJ
emaj-92	147	20	stocks	stock	NOUN
emaj-92	147	21	.	.	PUNCT
emaj-92	148	1	égert	égert	PROPN
emaj-92	148	2	and	and	CCONJ
emaj-92	148	3	koubaa	koubaa	PROPN
emaj-92	148	4	(	(	PUNCT
emaj-92	148	5	2004	2004	NUM
emaj-92	148	6	)	)	PUNCT
emaj-92	148	7	investigated	investigate	VERB
emaj-92	148	8	the	the	DET
emaj-92	148	9	conditional	conditional	ADJ
emaj-92	148	10	variance	variance	NOUN
emaj-92	148	11	patterns	pattern	NOUN
emaj-92	148	12	in	in	ADP
emaj-92	148	13	the	the	DET
emaj-92	148	14	daily	daily	ADJ
emaj-92	148	15	return	return	NOUN
emaj-92	148	16	series	series	NOUN
emaj-92	148	17	of	of	ADP
emaj-92	148	18	stock	stock	NOUN
emaj-92	148	19	market	market	NOUN
emaj-92	148	20	indices	index	NOUN
emaj-92	148	21	in	in	ADP
emaj-92	148	22	the	the	DET
emaj-92	148	23	g-7	g-7	NOUN
emaj-92	148	24	and	and	CCONJ
emaj-92	148	25	six	six	NUM
emaj-92	148	26	selected	select	VERB
emaj-92	148	27	economies	economy	NOUN
emaj-92	148	28	of	of	ADP
emaj-92	148	29	central	central	ADJ
emaj-92	148	30	and	and	CCONJ
emaj-92	148	31	eastern	eastern	ADJ
emaj-92	148	32	europe	europe	PROPN
emaj-92	148	33	.	.	PUNCT
emaj-92	149	1	the	the	DET
emaj-92	149	2	stock	stock	NOUN
emaj-92	149	3	markets	market	NOUN
emaj-92	149	4	in	in	ADP
emaj-92	149	5	the	the	DET
emaj-92	149	6	transition	transition	NOUN
emaj-92	149	7	economies	economy	NOUN
emaj-92	149	8	exhibit	exhibit	VERB
emaj-92	149	9	much	much	ADV
emaj-92	149	10	more	more	ADJ
emaj-92	149	11	asymmetry	asymmetry	NOUN
emaj-92	149	12	because	because	SCONJ
emaj-92	149	13	negative	negative	ADJ
emaj-92	149	14	shocks	shock	NOUN
emaj-92	149	15	hitting	hit	VERB
emaj-92	149	16	these	these	DET
emaj-92	149	17	markets	market	NOUN
emaj-92	149	18	offset	offset	VERB
emaj-92	149	19	the	the	DET
emaj-92	149	20	positive	positive	ADJ
emaj-92	149	21	news	news	NOUN
emaj-92	149	22	.	.	PUNCT
emaj-92	150	1	2.2	2.2	NUM
emaj-92	150	2	.	.	PUNCT
emaj-92	151	1	the	the	DET
emaj-92	151	2	black	black	ADJ
emaj-92	151	3	swan	swan	NOUN
emaj-92	151	4	theory	theory	NOUN
emaj-92	151	5	before	before	ADP
emaj-92	151	6	the	the	DET
emaj-92	151	7	discovery	discovery	NOUN
emaj-92	151	8	of	of	ADP
emaj-92	151	9	australia	australia	PROPN
emaj-92	151	10	,	,	PUNCT
emaj-92	151	11	people	people	NOUN
emaj-92	151	12	in	in	ADP
emaj-92	151	13	the	the	DET
emaj-92	151	14	old	old	ADJ
emaj-92	151	15	world	world	NOUN
emaj-92	151	16	were	be	AUX
emaj-92	151	17	convinced	convince	VERB
emaj-92	151	18	that	that	SCONJ
emaj-92	151	19	all	all	DET
emaj-92	151	20	swans	swan	NOUN
emaj-92	151	21	were	be	AUX
emaj-92	151	22	white	white	ADJ
emaj-92	151	23	(	(	PUNCT
emaj-92	151	24	taleb	taleb	NOUN
emaj-92	151	25	,	,	PUNCT
emaj-92	151	26	2009	2009	NUM
emaj-92	151	27	)	)	PUNCT
emaj-92	151	28	.	.	PUNCT
emaj-92	152	1	among	among	ADP
emaj-92	152	2	other	other	ADJ
emaj-92	152	3	animal	animal	NOUN
emaj-92	152	4	species	specie	NOUN
emaj-92	152	5	in	in	ADP
emaj-92	152	6	australia	australia	PROPN
emaj-92	152	7	,	,	PUNCT
emaj-92	152	8	willem	willem	PROPN
emaj-92	152	9	de	de	PROPN
emaj-92	152	10	vlamingh	vlamingh	PROPN
emaj-92	152	11	discovered	discover	VERB
emaj-92	152	12	the	the	DET
emaj-92	152	13	dark	dark	ADJ
emaj-92	152	14	,	,	PUNCT
emaj-92	152	15	feathered	feather	VERB
emaj-92	152	16	birds	bird	NOUN
emaj-92	152	17	that	that	PRON
emaj-92	152	18	are	be	AUX
emaj-92	152	19	reminiscent	reminiscent	ADJ
emaj-92	152	20	of	of	ADP
emaj-92	152	21	the	the	DET
emaj-92	152	22	swans	swan	NOUN
emaj-92	152	23	(	(	PUNCT
emaj-92	152	24	taleb	taleb	NOUN
emaj-92	152	25	,	,	PUNCT
emaj-92	152	26	2007	2007	NUM
emaj-92	152	27	)	)	PUNCT
emaj-92	152	28	.	.	PUNCT
emaj-92	153	1	seeing	see	VERB
emaj-92	153	2	the	the	DET
emaj-92	153	3	first	first	ADJ
emaj-92	153	4	black	black	ADJ
emaj-92	153	5	swan	swan	NOUN
emaj-92	153	6	came	come	VERB
emaj-92	153	7	as	as	ADP
emaj-92	153	8	a	a	DET
emaj-92	153	9	surprise	surprise	NOUN
emaj-92	153	10	to	to	ADP
emaj-92	153	11	ornitologists	ornitologist	NOUN
emaj-92	153	12	(	(	PUNCT
emaj-92	153	13	as	as	ADV
emaj-92	153	14	well	well	ADV
emaj-92	153	15	as	as	ADP
emaj-92	153	16	others	other	NOUN
emaj-92	153	17	who	who	PRON
emaj-92	153	18	are	be	AUX
emaj-92	153	19	interested	interested	ADJ
emaj-92	153	20	in	in	ADP
emaj-92	153	21	the	the	DET
emaj-92	153	22	colors	color	NOUN
emaj-92	153	23	of	of	ADP
emaj-92	153	24	birds	bird	NOUN
emaj-92	153	25	)	)	PUNCT
emaj-92	153	26	.	.	PUNCT
emaj-92	154	1	since	since	SCONJ
emaj-92	154	2	then	then	ADV
emaj-92	154	3	,	,	PUNCT
emaj-92	154	4	the	the	DET
emaj-92	154	5	emergence	emergence	NOUN
emaj-92	154	6	of	of	ADP
emaj-92	154	7	black	black	ADJ
emaj-92	154	8	swans	swan	NOUN
emaj-92	154	9	,	,	PUNCT
emaj-92	154	10	although	although	SCONJ
emaj-92	154	11	previously	previously	ADV
emaj-92	154	12	completely	completely	ADV
emaj-92	154	13	unthinkable	unthinkable	ADJ
emaj-92	154	14	,	,	PUNCT
emaj-92	154	15	became	become	VERB
emaj-92	154	16	common	common	ADJ
emaj-92	154	17	(	(	PUNCT
emaj-92	154	18	taleb	taleb	NOUN
emaj-92	154	19	,	,	PUNCT
emaj-92	154	20	2004	2004	NUM
emaj-92	154	21	)	)	PUNCT
emaj-92	154	22	.	.	PUNCT
emaj-92	155	1	volume	volume	NOUN
emaj-92	155	2	6	6	NUM
emaj-92	155	3	no	no	DET
emaj-92	155	4	1	1	NUM
emaj-92	155	5	(	(	PUNCT
emaj-92	155	6	2016	2016	NUM
emaj-92	155	7	)	)	PUNCT
emaj-92	155	8	|	|	ADV
emaj-92	155	9	issn	issn	VERB
emaj-92	155	10	2158	2158	NUM
emaj-92	155	11	-	-	SYM
emaj-92	155	12	8708	8708	NUM
emaj-92	155	13	(	(	PUNCT
emaj-92	155	14	online	online	NOUN
emaj-92	155	15	)	)	PUNCT
emaj-92	155	16	|	|	ADV
emaj-92	155	17	doi	doi	X
emaj-92	155	18	10.5195	10.5195	NUM
emaj-92	155	19	/	/	SYM
emaj-92	155	20	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	155	21	|	|	ADV
emaj-92	155	22	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-92	155	23	anita	anita	PROPN
emaj-92	155	24	radman	radman	PROPN
emaj-92	155	25	peša	peša	PROPN
emaj-92	155	26	,	,	PUNCT
emaj-92	155	27	ana	ana	PROPN
emaj-92	155	28	brajković	brajković	NOUN
emaj-92	155	29	emerging	emerge	VERB
emaj-92	155	30	markets	market	NOUN
emaj-92	155	31	journal	journal	NOUN
emaj-92	155	32	|	|	ADV
emaj-92	155	33	p	p	NOUN
emaj-92	155	34	a	a	DET
emaj-92	155	35	g	g	NOUN
emaj-92	155	36	e	e	NOUN
emaj-92	155	37	|5	|5	NUM
emaj-92	155	38	wall	wall	PROPN
emaj-92	155	39	street	street	PROPN
emaj-92	155	40	trader	trader	NOUN
emaj-92	155	41	and	and	CCONJ
emaj-92	155	42	philosopher	philosopher	NOUN
emaj-92	155	43	,	,	PUNCT
emaj-92	155	44	professor	professor	NOUN
emaj-92	155	45	and	and	CCONJ
emaj-92	155	46	author	author	NOUN
emaj-92	155	47	n.n.taleb	n.n.taleb	PROPN
emaj-92	155	48	,	,	PUNCT
emaj-92	155	49	is	be	AUX
emaj-92	155	50	creator	creator	NOUN
emaj-92	155	51	of	of	ADP
emaj-92	155	52	the	the	DET
emaj-92	155	53	term	term	NOUN
emaj-92	155	54	"	"	PUNCT
emaj-92	155	55	black	black	ADJ
emaj-92	155	56	swan	swan	NOUN
emaj-92	155	57	"	"	PUNCT
emaj-92	155	58	(	(	PUNCT
emaj-92	155	59	brunaker	brunaker	NOUN
emaj-92	155	60	,	,	PUNCT
emaj-92	155	61	2013	2013	NUM
emaj-92	155	62	)	)	PUNCT
emaj-92	155	63	.	.	PUNCT
emaj-92	156	1	black	black	ADJ
emaj-92	156	2	swan	swan	NOUN
emaj-92	156	3	was	be	AUX
emaj-92	156	4	first	first	ADV
emaj-92	156	5	mentioned	mention	VERB
emaj-92	156	6	intaleb	intaleb	NOUN
emaj-92	156	7	’s	’s	PART
emaj-92	156	8	book	book	NOUN
emaj-92	156	9	"	"	PUNCT
emaj-92	156	10	fool	fool	NOUN
emaj-92	156	11	by	by	ADP
emaj-92	156	12	randomness	randomness	NOUN
emaj-92	156	13	"	"	PUNCT
emaj-92	156	14	(	(	PUNCT
emaj-92	156	15	2001	2001	NUM
emaj-92	156	16	)	)	PUNCT
emaj-92	156	17	,	,	PUNCT
emaj-92	156	18	and	and	CCONJ
emaj-92	156	19	is	be	AUX
emaj-92	156	20	used	use	VERB
emaj-92	156	21	as	as	ADP
emaj-92	156	22	a	a	DET
emaj-92	156	23	metaphor	metaphor	NOUN
emaj-92	156	24	for	for	ADP
emaj-92	156	25	very	very	ADV
emaj-92	156	26	rare	rare	ADJ
emaj-92	156	27	events	event	NOUN
emaj-92	156	28	.	.	PUNCT
emaj-92	157	1	according	accord	VERB
emaj-92	157	2	to	to	ADP
emaj-92	157	3	taleb	taleb	PROPN
emaj-92	157	4	(	(	PUNCT
emaj-92	157	5	2004	2004	NUM
emaj-92	157	6	)	)	PUNCT
emaj-92	157	7	,	,	PUNCT
emaj-92	157	8	in	in	ADP
emaj-92	157	9	his	his	PRON
emaj-92	157	10	second	second	ADJ
emaj-92	157	11	book	book	NOUN
emaj-92	157	12	,	,	PUNCT
emaj-92	157	13	black	black	ADJ
emaj-92	157	14	swan	swan	NOUN
emaj-92	157	15	:	:	PUNCT
emaj-92	157	16	the	the	DET
emaj-92	157	17	impact	impact	NOUN
emaj-92	157	18	of	of	ADP
emaj-92	157	19	highly	highly	ADV
emaj-92	157	20	improbable	improbable	ADJ
emaj-92	157	21	,	,	PUNCT
emaj-92	157	22	he	he	PRON
emaj-92	157	23	defines	define	VERB
emaj-92	157	24	in	in	ADP
emaj-92	157	25	detail	detail	NOUN
emaj-92	157	26	the	the	DET
emaj-92	157	27	black	black	ADJ
emaj-92	157	28	swan	swan	NOUN
emaj-92	157	29	and	and	CCONJ
emaj-92	157	30	explains	explain	VERB
emaj-92	157	31	the	the	DET
emaj-92	157	32	three	three	NUM
emaj-92	157	33	criteria	criterion	NOUN
emaj-92	157	34	that	that	PRON
emaj-92	157	35	describe	describe	VERB
emaj-92	157	36	it	it	PRON
emaj-92	157	37	:	:	PUNCT
emaj-92	157	38	a	a	DET
emaj-92	157	39	rarity	rarity	NOUN
emaj-92	157	40	,	,	PUNCT
emaj-92	157	41	extreme	extreme	ADJ
emaj-92	157	42	impact	impact	NOUN
emaj-92	157	43	,	,	PUNCT
emaj-92	157	44	and	and	CCONJ
emaj-92	157	45	retrospective	retrospective	ADJ
emaj-92	157	46	explanation	explanation	NOUN
emaj-92	157	47	(	(	PUNCT
emaj-92	157	48	brunaker	brunaker	NOUN
emaj-92	157	49	,	,	PUNCT
emaj-92	157	50	2013	2013	NUM
emaj-92	157	51	)	)	PUNCT
emaj-92	157	52	.	.	PUNCT
emaj-92	158	1	what	what	PRON
emaj-92	158	2	is	be	AUX
emaj-92	158	3	called	call	VERB
emaj-92	158	4	the	the	DET
emaj-92	158	5	black	black	ADJ
emaj-92	158	6	swan	swan	NOUN
emaj-92	158	7	is	be	AUX
emaj-92	158	8	an	an	DET
emaj-92	158	9	event	event	NOUN
emaj-92	158	10	with	with	ADP
emaj-92	158	11	three	three	NUM
emaj-92	158	12	specific	specific	ADJ
emaj-92	158	13	characteristics	characteristic	NOUN
emaj-92	158	14	.	.	PUNCT
emaj-92	159	1	first	first	ADV
emaj-92	159	2	,	,	PUNCT
emaj-92	159	3	it	it	PRON
emaj-92	159	4	is	be	AUX
emaj-92	159	5	atypical	atypical	ADJ
emaj-92	159	6	,	,	PUNCT
emaj-92	159	7	since	since	SCONJ
emaj-92	159	8	it	it	PRON
emaj-92	159	9	is	be	AUX
emaj-92	159	10	beyond	beyond	ADP
emaj-92	159	11	the	the	DET
emaj-92	159	12	scope	scope	NOUN
emaj-92	159	13	of	of	ADP
emaj-92	159	14	regular	regular	ADJ
emaj-92	159	15	expectations	expectation	NOUN
emaj-92	159	16	,	,	PUNCT
emaj-92	159	17	and	and	CCONJ
emaj-92	159	18	since	since	SCONJ
emaj-92	159	19	for	for	ADP
emaj-92	159	20	it	it	PRON
emaj-92	159	21	there	there	PRON
emaj-92	159	22	is	be	VERB
emaj-92	159	23	no	no	DET
emaj-92	159	24	indication	indication	NOUN
emaj-92	159	25	in	in	ADP
emaj-92	159	26	the	the	DET
emaj-92	159	27	past	past	NOUN
emaj-92	159	28	.	.	PUNCT
emaj-92	160	1	second	second	ADJ
emaj-92	160	2	,	,	PUNCT
emaj-92	160	3	the	the	DET
emaj-92	160	4	impact	impact	NOUN
emaj-92	160	5	is	be	AUX
emaj-92	160	6	extreme	extreme	ADJ
emaj-92	160	7	.	.	PUNCT
emaj-92	161	1	and	and	CCONJ
emaj-92	161	2	third	third	ADV
emaj-92	161	3	,	,	PUNCT
emaj-92	161	4	despite	despite	SCONJ
emaj-92	161	5	the	the	DET
emaj-92	161	6	atypical	atypical	ADJ
emaj-92	161	7	status	status	NOUN
emaj-92	161	8	,	,	PUNCT
emaj-92	161	9	human	human	ADJ
emaj-92	161	10	nature	nature	NOUN
emaj-92	161	11	tries	try	VERB
emaj-92	161	12	to	to	PART
emaj-92	161	13	explain	explain	VERB
emaj-92	161	14	its	its	PRON
emaj-92	161	15	occurrence	occurrence	NOUN
emaj-92	161	16	and	and	CCONJ
emaj-92	161	17	make	make	VERB
emaj-92	161	18	it	it	PRON
emaj-92	161	19	explanatory	explanatory	ADJ
emaj-92	161	20	and	and	CCONJ
emaj-92	161	21	predictable	predictable	ADJ
emaj-92	161	22	(	(	PUNCT
emaj-92	161	23	taleb	taleb	NOUN
emaj-92	161	24	,	,	PUNCT
emaj-92	161	25	2009	2009	NUM
emaj-92	161	26	)	)	PUNCT
emaj-92	161	27	.	.	PUNCT
emaj-92	162	1	black	black	ADJ
emaj-92	162	2	swan	swan	NOUN
emaj-92	162	3	is	be	AUX
emaj-92	162	4	atypical	atypical	ADJ
emaj-92	162	5	because	because	SCONJ
emaj-92	162	6	it	it	PRON
emaj-92	162	7	lies	lie	VERB
emaj-92	162	8	outside	outside	ADV
emaj-92	162	9	of	of	ADP
emaj-92	162	10	regular	regular	ADJ
emaj-92	162	11	expectations	expectation	NOUN
emaj-92	162	12	,	,	PUNCT
emaj-92	162	13	and	and	CCONJ
emaj-92	162	14	nothing	nothing	PRON
emaj-92	162	15	in	in	ADP
emaj-92	162	16	the	the	DET
emaj-92	162	17	past	past	NOUN
emaj-92	162	18	can	can	AUX
emaj-92	162	19	not	not	PART
emaj-92	162	20	point	point	VERB
emaj-92	162	21	its	its	PRON
emaj-92	162	22	appearance	appearance	NOUN
emaj-92	162	23	(	(	PUNCT
emaj-92	162	24	estrada	estrada	PROPN
emaj-92	162	25	,	,	PUNCT
emaj-92	162	26	2009	2009	NUM
emaj-92	162	27	)	)	PUNCT
emaj-92	162	28	.	.	PUNCT
emaj-92	163	1	furthermore	furthermore	ADV
emaj-92	163	2	,	,	PUNCT
emaj-92	163	3	black	black	ADJ
emaj-92	163	4	swan	swan	NOUN
emaj-92	163	5	has	have	VERB
emaj-92	163	6	an	an	DET
emaj-92	163	7	extreme	extreme	ADJ
emaj-92	163	8	impact	impact	NOUN
emaj-92	163	9	because	because	SCONJ
emaj-92	163	10	its	its	PRON
emaj-92	163	11	appearance	appearance	NOUN
emaj-92	163	12	affects	affect	VERB
emaj-92	163	13	the	the	DET
emaj-92	163	14	whole	whole	ADJ
emaj-92	163	15	society	society	NOUN
emaj-92	163	16	and	and	CCONJ
emaj-92	163	17	has	have	VERB
emaj-92	163	18	great	great	ADJ
emaj-92	163	19	consequences	consequence	NOUN
emaj-92	163	20	.	.	PUNCT
emaj-92	164	1	the	the	DET
emaj-92	164	2	impact	impact	NOUN
emaj-92	164	3	of	of	ADP
emaj-92	164	4	this	this	DET
emaj-92	164	5	unpredictable	unpredictable	ADJ
emaj-92	164	6	phenomenon	phenomenon	NOUN
emaj-92	164	7	can	can	AUX
emaj-92	164	8	be	be	AUX
emaj-92	164	9	classified	classify	VERB
emaj-92	164	10	as	as	ADP
emaj-92	164	11	positive	positive	ADJ
emaj-92	164	12	or	or	CCONJ
emaj-92	164	13	negative	negative	ADJ
emaj-92	164	14	.	.	PUNCT
emaj-92	165	1	positive	positive	ADJ
emaj-92	165	2	black	black	ADJ
emaj-92	165	3	swan	swan	NOUN
emaj-92	165	4	has	have	VERB
emaj-92	165	5	favorable	favorable	ADJ
emaj-92	165	6	implications	implication	NOUN
emaj-92	165	7	for	for	ADP
emaj-92	165	8	development	development	NOUN
emaj-92	165	9	,	,	PUNCT
emaj-92	165	10	such	such	ADJ
emaj-92	165	11	as	as	ADP
emaj-92	165	12	the	the	DET
emaj-92	165	13	discovery	discovery	NOUN
emaj-92	165	14	of	of	ADP
emaj-92	165	15	a	a	DET
emaj-92	165	16	new	new	ADJ
emaj-92	165	17	drug	drug	NOUN
emaj-92	165	18	,	,	PUNCT
emaj-92	165	19	the	the	DET
emaj-92	165	20	internet	internet	NOUN
emaj-92	165	21	or	or	CCONJ
emaj-92	165	22	the	the	DET
emaj-92	165	23	development	development	NOUN
emaj-92	165	24	of	of	ADP
emaj-92	165	25	mobile	mobile	ADJ
emaj-92	165	26	phones	phone	NOUN
emaj-92	165	27	.	.	PUNCT
emaj-92	166	1	all	all	PRON
emaj-92	166	2	of	of	ADP
emaj-92	166	3	these	these	DET
emaj-92	166	4	examples	example	NOUN
emaj-92	166	5	were	be	AUX
emaj-92	166	6	not	not	PART
emaj-92	166	7	conceivable	conceivable	ADJ
emaj-92	166	8	before	before	SCONJ
emaj-92	166	9	they	they	PRON
emaj-92	166	10	were	be	AUX
emaj-92	166	11	created	create	VERB
emaj-92	166	12	,	,	PUNCT
emaj-92	166	13	but	but	CCONJ
emaj-92	166	14	they	they	PRON
emaj-92	166	15	left	leave	VERB
emaj-92	166	16	positive	positive	ADJ
emaj-92	166	17	impact	impact	NOUN
emaj-92	166	18	upon	upon	SCONJ
emaj-92	166	19	their	their	PRON
emaj-92	166	20	success	success	NOUN
emaj-92	166	21	.	.	PUNCT
emaj-92	167	1	in	in	ADP
emaj-92	167	2	contrast	contrast	NOUN
emaj-92	167	3	,	,	PUNCT
emaj-92	167	4	negative	negative	ADJ
emaj-92	167	5	black	black	ADJ
emaj-92	167	6	swan	swan	NOUN
emaj-92	167	7	comes	come	VERB
emaj-92	167	8	with	with	ADP
emaj-92	167	9	unsuitable	unsuitable	ADJ
emaj-92	167	10	and	and	CCONJ
emaj-92	167	11	potentially	potentially	ADV
emaj-92	167	12	catastrophic	catastrophic	ADJ
emaj-92	167	13	consequences	consequence	NOUN
emaj-92	167	14	,	,	PUNCT
emaj-92	167	15	such	such	ADJ
emaj-92	167	16	as	as	ADP
emaj-92	167	17	the	the	DET
emaj-92	167	18	economic	economic	ADJ
emaj-92	167	19	crisis	crisis	NOUN
emaj-92	167	20	or	or	CCONJ
emaj-92	167	21	the	the	DET
emaj-92	167	22	september	september	PROPN
emaj-92	167	23	11	11	NUM
emaj-92	167	24	attack	attack	NOUN
emaj-92	167	25	.	.	PUNCT
emaj-92	168	1	behind	behind	ADP
emaj-92	168	2	each	each	DET
emaj-92	168	3	characteristic	characteristic	NOUN
emaj-92	168	4	of	of	ADP
emaj-92	168	5	black	black	ADJ
emaj-92	168	6	swan	swan	NOUN
emaj-92	168	7	,	,	PUNCT
emaj-92	168	8	the	the	DET
emaj-92	168	9	importance	importance	NOUN
emaj-92	168	10	of	of	ADP
emaj-92	168	11	this	this	DET
emaj-92	168	12	type	type	NOUN
emaj-92	168	13	of	of	ADP
emaj-92	168	14	event	event	NOUN
emaj-92	168	15	is	be	AUX
emaj-92	168	16	in	in	ADP
emaj-92	168	17	a	a	DET
emaj-92	168	18	large	large	ADJ
emaj-92	168	19	impact	impact	NOUN
emaj-92	168	20	on	on	ADP
emaj-92	168	21	daily	daily	ADJ
emaj-92	168	22	activities	activity	NOUN
emaj-92	168	23	.	.	PUNCT
emaj-92	169	1	the	the	DET
emaj-92	169	2	impact	impact	NOUN
emaj-92	169	3	of	of	ADP
emaj-92	169	4	the	the	DET
emaj-92	169	5	black	black	ADJ
emaj-92	169	6	swan	swan	NOUN
emaj-92	169	7	can	can	AUX
emaj-92	169	8	radically	radically	ADV
emaj-92	169	9	change	change	VERB
emaj-92	169	10	the	the	DET
emaj-92	169	11	way	way	NOUN
emaj-92	169	12	of	of	ADP
emaj-92	169	13	life	life	NOUN
emaj-92	169	14	of	of	ADP
emaj-92	169	15	the	the	DET
emaj-92	169	16	entire	entire	ADJ
emaj-92	169	17	society	society	NOUN
emaj-92	169	18	.	.	PUNCT
emaj-92	170	1	characteristic	characteristic	ADJ
emaj-92	170	2	of	of	ADP
emaj-92	170	3	retrospection	retrospection	NOUN
emaj-92	170	4	has	have	VERB
emaj-92	170	5	its	its	PRON
emaj-92	170	6	origins	origin	NOUN
emaj-92	170	7	in	in	ADP
emaj-92	170	8	the	the	DET
emaj-92	170	9	beliefs	belief	NOUN
emaj-92	170	10	that	that	PRON
emaj-92	170	11	human	human	ADJ
emaj-92	170	12	thought	thought	NOUN
emaj-92	170	13	is	be	AUX
emaj-92	170	14	comprehensive	comprehensive	ADJ
emaj-92	170	15	in	in	ADP
emaj-92	170	16	its	its	PRON
emaj-92	170	17	ability	ability	NOUN
emaj-92	170	18	to	to	PART
emaj-92	170	19	explain	explain	VERB
emaj-92	170	20	the	the	DET
emaj-92	170	21	phenomenon	phenomenon	NOUN
emaj-92	170	22	of	of	ADP
emaj-92	170	23	huge	huge	ADJ
emaj-92	170	24	amounts	amount	NOUN
emaj-92	170	25	,	,	PUNCT
emaj-92	170	26	when	when	SCONJ
emaj-92	170	27	in	in	ADP
emaj-92	170	28	fact	fact	NOUN
emaj-92	170	29	,	,	PUNCT
emaj-92	170	30	explains	explain	VERB
emaj-92	170	31	a	a	DET
emaj-92	170	32	lot	lot	NOUN
emaj-92	170	33	less	less	ADJ
emaj-92	170	34	than	than	SCONJ
emaj-92	170	35	it	it	PRON
emaj-92	170	36	is	be	AUX
emaj-92	170	37	believed	believe	VERB
emaj-92	170	38	(	(	PUNCT
emaj-92	170	39	casto	casto	NOUN
emaj-92	170	40	,	,	PUNCT
emaj-92	170	41	2012	2012	NUM
emaj-92	170	42	)	)	PUNCT
emaj-92	170	43	.	.	PUNCT
emaj-92	171	1	estrada	estrada	PROPN
emaj-92	171	2	(	(	PUNCT
emaj-92	171	3	2009	2009	NUM
emaj-92	171	4	)	)	PUNCT
emaj-92	171	5	points	point	VERB
emaj-92	171	6	out	out	ADP
emaj-92	171	7	that	that	SCONJ
emaj-92	171	8	the	the	DET
emaj-92	171	9	retrospective	retrospective	ADJ
emaj-92	171	10	explanation	explanation	NOUN
emaj-92	171	11	implies	imply	VERB
emaj-92	171	12	that	that	SCONJ
emaj-92	171	13	,	,	PUNCT
emaj-92	171	14	despite	despite	SCONJ
emaj-92	171	15	being	be	AUX
emaj-92	171	16	an	an	DET
emaj-92	171	17	atypical	atypical	ADJ
emaj-92	171	18	event	event	NOUN
emaj-92	171	19	,	,	PUNCT
emaj-92	171	20	people	people	NOUN
emaj-92	171	21	are	be	AUX
emaj-92	171	22	trying	try	VERB
emaj-92	171	23	to	to	PART
emaj-92	171	24	find	find	VERB
emaj-92	171	25	it	it	PRON
emaj-92	171	26	in	in	ADP
emaj-92	171	27	some	some	DET
emaj-92	171	28	past	past	ADJ
emaj-92	171	29	events	event	NOUN
emaj-92	171	30	,	,	PUNCT
emaj-92	171	31	to	to	PART
emaj-92	171	32	explain	explain	VERB
emaj-92	171	33	its	its	PRON
emaj-92	171	34	formations	formation	NOUN
emaj-92	171	35	and	and	CCONJ
emaj-92	171	36	making	make	VERB
emaj-92	171	37	it	it	PRON
emaj-92	171	38	predictable	predictable	ADJ
emaj-92	171	39	event	event	NOUN
emaj-92	171	40	.	.	PUNCT
emaj-92	172	1	a	a	DET
emaj-92	172	2	few	few	ADJ
emaj-92	172	3	black	black	ADJ
emaj-92	172	4	swans	swan	NOUN
emaj-92	172	5	can	can	AUX
emaj-92	172	6	explain	explain	VERB
emaj-92	172	7	almost	almost	ADV
emaj-92	172	8	everything	everything	PRON
emaj-92	172	9	in	in	ADP
emaj-92	172	10	this	this	DET
emaj-92	172	11	world	world	NOUN
emaj-92	172	12	,	,	PUNCT
emaj-92	172	13	from	from	ADP
emaj-92	172	14	the	the	DET
emaj-92	172	15	success	success	NOUN
emaj-92	172	16	of	of	ADP
emaj-92	172	17	ideas	idea	NOUN
emaj-92	172	18	and	and	CCONJ
emaj-92	172	19	religions	religion	NOUN
emaj-92	172	20	,	,	PUNCT
emaj-92	172	21	through	through	ADP
emaj-92	172	22	dynamic	dynamic	ADJ
emaj-92	172	23	historical	historical	ADJ
emaj-92	172	24	events	event	NOUN
emaj-92	172	25	to	to	ADP
emaj-92	172	26	the	the	DET
emaj-92	172	27	elements	element	NOUN
emaj-92	172	28	of	of	ADP
emaj-92	172	29	our	our	PRON
emaj-92	172	30	own	own	ADJ
emaj-92	172	31	lives	life	NOUN
emaj-92	172	32	.	.	PUNCT
emaj-92	173	1	(	(	PUNCT
emaj-92	173	2	taleb	taleb	NOUN
emaj-92	173	3	,	,	PUNCT
emaj-92	173	4	2009	2009	NUM
emaj-92	173	5	)	)	PUNCT
emaj-92	173	6	.	.	PUNCT
emaj-92	174	1	the	the	DET
emaj-92	174	2	effect	effect	NOUN
emaj-92	174	3	of	of	ADP
emaj-92	174	4	black	black	ADJ
emaj-92	174	5	swan	swan	NOUN
emaj-92	174	6	events	event	NOUN
emaj-92	174	7	increased	increase	VERB
emaj-92	174	8	over	over	ADP
emaj-92	174	9	the	the	DET
emaj-92	174	10	years	year	NOUN
emaj-92	174	11	,	,	PUNCT
emaj-92	174	12	and	and	CCONJ
emaj-92	174	13	during	during	ADP
emaj-92	174	14	the	the	DET
emaj-92	174	15	industrial	industrial	ADJ
emaj-92	174	16	revolution	revolution	NOUN
emaj-92	174	17	began	begin	VERB
emaj-92	174	18	to	to	PART
emaj-92	174	19	be	be	AUX
emaj-92	174	20	accelerated	accelerate	VERB
emaj-92	174	21	.	.	PUNCT
emaj-92	175	1	the	the	DET
emaj-92	175	2	world	world	NOUN
emaj-92	175	3	has	have	AUX
emaj-92	175	4	become	become	VERB
emaj-92	175	5	more	more	ADV
emaj-92	175	6	complicated	complicated	ADJ
emaj-92	175	7	,	,	PUNCT
emaj-92	175	8	while	while	SCONJ
emaj-92	175	9	the	the	DET
emaj-92	175	10	usual	usual	ADJ
emaj-92	175	11	events	event	NOUN
emaj-92	175	12	,	,	PUNCT
emaj-92	175	13	the	the	DET
emaj-92	175	14	ones	one	NOUN
emaj-92	175	15	that	that	PRON
emaj-92	175	16	we	we	PRON
emaj-92	175	17	learn	learn	VERB
emaj-92	175	18	and	and	CCONJ
emaj-92	175	19	discuss	discuss	VERB
emaj-92	175	20	about	about	ADP
emaj-92	175	21	,	,	PUNCT
emaj-92	175	22	have	have	AUX
emaj-92	175	23	became	become	VERB
emaj-92	175	24	less	less	ADV
emaj-92	175	25	important	important	ADJ
emaj-92	175	26	(	(	PUNCT
emaj-92	175	27	taleb	taleb	NOUN
emaj-92	175	28	,	,	PUNCT
emaj-92	175	29	2004	2004	NUM
emaj-92	175	30	)	)	PUNCT
emaj-92	175	31	.	.	PUNCT
emaj-92	176	1	characteristics	characteristic	NOUN
emaj-92	176	2	of	of	ADP
emaj-92	176	3	the	the	DET
emaj-92	176	4	element	element	NOUN
emaj-92	176	5	of	of	ADP
emaj-92	176	6	surprise	surprise	NOUN
emaj-92	176	7	(	(	PUNCT
emaj-92	176	8	black	black	ADJ
emaj-92	176	9	swan	swan	NOUN
emaj-92	176	10	)	)	PUNCT
emaj-92	176	11	cause	cause	VERB
emaj-92	176	12	a	a	DET
emaj-92	176	13	condition	condition	NOUN
emaj-92	176	14	that	that	PRON
emaj-92	176	15	can	can	AUX
emaj-92	176	16	not	not	PART
emaj-92	176	17	be	be	AUX
emaj-92	176	18	directly	directly	ADV
emaj-92	176	19	learnt	learn	VERB
emaj-92	176	20	from	from	ADP
emaj-92	176	21	the	the	DET
emaj-92	176	22	past	past	NOUN
emaj-92	176	23	,	,	PUNCT
emaj-92	176	24	considering	consider	VERB
emaj-92	176	25	that	that	SCONJ
emaj-92	176	26	it	it	PRON
emaj-92	176	27	is	be	AUX
emaj-92	176	28	already	already	ADV
emaj-92	176	29	incorporated	incorporate	VERB
emaj-92	176	30	in	in	ADP
emaj-92	176	31	the	the	DET
emaj-92	176	32	expectations	expectation	NOUN
emaj-92	176	33	of	of	ADP
emaj-92	176	34	agents	agent	NOUN
emaj-92	176	35	,	,	PUNCT
emaj-92	176	36	thus	thus	ADV
emaj-92	176	37	leading	lead	VERB
emaj-92	176	38	to	to	ADP
emaj-92	176	39	amodification	amodification	NOUN
emaj-92	176	40	of	of	ADP
emaj-92	176	41	their	their	PRON
emaj-92	176	42	behavior	behavior	NOUN
emaj-92	176	43	.	.	PUNCT
emaj-92	177	1	to	to	PART
emaj-92	177	2	put	put	VERB
emaj-92	177	3	it	it	PRON
emaj-92	177	4	simply	simply	ADV
emaj-92	177	5	,	,	PUNCT
emaj-92	177	6	the	the	DET
emaj-92	177	7	next	next	ADJ
emaj-92	177	8	time	time	NOUN
emaj-92	177	9	such	such	DET
emaj-92	177	10	an	an	DET
emaj-92	177	11	event	event	NOUN
emaj-92	177	12	occurs	occur	VERB
emaj-92	177	13	,	,	PUNCT
emaj-92	177	14	it	it	PRON
emaj-92	177	15	stops	stop	VERB
emaj-92	177	16	being	be	AUX
emaj-92	177	17	asurprise	asurprise	NOUN
emaj-92	177	18	and	and	CCONJ
emaj-92	177	19	the	the	DET
emaj-92	177	20	damage	damage	NOUN
emaj-92	177	21	will	will	AUX
emaj-92	177	22	no	no	ADV
emaj-92	177	23	longer	long	ADV
emaj-92	177	24	be	be	AUX
emaj-92	177	25	the	the	DET
emaj-92	177	26	same	same	ADJ
emaj-92	177	27	.	.	PUNCT
emaj-92	178	1	unfortunately	unfortunately	ADV
emaj-92	178	2	,	,	PUNCT
emaj-92	178	3	we	we	PRON
emaj-92	178	4	can	can	AUX
emaj-92	178	5	not	not	PART
emaj-92	178	6	perform	perform	VERB
emaj-92	178	7	methods	method	NOUN
emaj-92	178	8	in	in	ADP
emaj-92	178	9	order	order	NOUN
emaj-92	178	10	to	to	PART
emaj-92	178	11	interfer	interfer	VERB
emaj-92	178	12	the	the	DET
emaj-92	178	13	probability	probability	NOUN
emaj-92	178	14	of	of	ADP
emaj-92	178	15	developing	develop	VERB
emaj-92	178	16	the	the	DET
emaj-92	178	17	black	black	ADJ
emaj-92	178	18	swan	swan	NOUN
emaj-92	178	19	event	event	NOUN
emaj-92	178	20	from	from	ADP
emaj-92	178	21	inductive	inductive	ADJ
emaj-92	178	22	statistical	statistical	ADJ
emaj-92	178	23	methods	method	NOUN
emaj-92	178	24	(	(	PUNCT
emaj-92	178	25	those	those	PRON
emaj-92	178	26	based	base	VERB
emaj-92	178	27	on	on	ADP
emaj-92	178	28	observations	observation	NOUN
emaj-92	178	29	from	from	ADP
emaj-92	178	30	the	the	DET
emaj-92	178	31	past	past	NOUN
emaj-92	178	32	)	)	PUNCT
emaj-92	178	33	and	and	CCONJ
emaj-92	178	34	derivation	derivation	NOUN
emaj-92	178	35	of	of	ADP
emaj-92	178	36	probability	probability	NOUN
emaj-92	178	37	of	of	ADP
emaj-92	178	38	future	future	ADJ
emaj-92	178	39	events	event	NOUN
emaj-92	178	40	(	(	PUNCT
emaj-92	178	41	based	base	VERB
emaj-92	178	42	on	on	ADP
emaj-92	178	43	discoveries	discovery	NOUN
emaj-92	178	44	)	)	PUNCT
emaj-92	178	45	.	.	PUNCT
emaj-92	179	1	however	however	ADV
emaj-92	179	2	,	,	PUNCT
emaj-92	179	3	statistics	statistic	NOUN
emaj-92	179	4	is	be	AUX
emaj-92	179	5	what	what	PRON
emaj-92	179	6	we	we	PRON
emaj-92	179	7	instinctively	instinctively	ADV
emaj-92	179	8	resort	resort	VERB
emaj-92	179	9	to	to	ADP
emaj-92	179	10	in	in	ADP
emaj-92	179	11	social	social	ADJ
emaj-92	179	12	sciences	science	NOUN
emaj-92	179	13	.	.	PUNCT
emaj-92	180	1	scientific	scientific	ADJ
emaj-92	180	2	research	research	NOUN
emaj-92	180	3	on	on	ADP
emaj-92	180	4	rare	rare	ADJ
emaj-92	180	5	events	event	NOUN
emaj-92	180	6	,	,	PUNCT
emaj-92	180	7	especially	especially	ADV
emaj-92	180	8	in	in	ADP
emaj-92	180	9	the	the	DET
emaj-92	180	10	economy	economy	NOUN
emaj-92	180	11	,	,	PUNCT
emaj-92	180	12	are	be	AUX
emaj-92	180	13	hampered	hamper	VERB
emaj-92	180	14	because	because	SCONJ
emaj-92	180	15	of	of	ADP
emaj-92	180	16	a	a	DET
emaj-92	180	17	mechanism	mechanism	NOUN
emaj-92	180	18	that	that	PRON
emaj-92	180	19	is	be	AUX
emaj-92	180	20	called	call	VERB
emaj-92	180	21	in	in	ADP
emaj-92	180	22	psychology	psychology	NOUN
emaj-92	180	23	hindsight	hindsight	ADJ
emaj-92	180	24	bias	bias	NOUN
emaj-92	180	25	,	,	PUNCT
emaj-92	180	26	that	that	PRON
emaj-92	180	27	assumes	assume	VERB
emaj-92	180	28	that	that	SCONJ
emaj-92	180	29	after	after	ADP
emaj-92	180	30	the	the	DET
emaj-92	180	31	actual	actual	ADJ
emaj-92	180	32	occurrence	occurrence	NOUN
emaj-92	180	33	of	of	ADP
emaj-92	180	34	the	the	DET
emaj-92	180	35	event	event	NOUN
emaj-92	180	36	,	,	PUNCT
emaj-92	180	37	it	it	PRON
emaj-92	180	38	suddenly	suddenly	ADV
emaj-92	180	39	becomes	become	VERB
emaj-92	180	40	convincing	convincing	ADJ
emaj-92	180	41	,	,	PUNCT
emaj-92	180	42	even	even	ADV
emaj-92	180	43	obvious	obvious	ADJ
emaj-92	180	44	(	(	PUNCT
emaj-92	180	45	taleb	taleb	NOUN
emaj-92	180	46	,	,	PUNCT
emaj-92	180	47	2003	2003	NUM
emaj-92	180	48	)	)	PUNCT
emaj-92	180	49	.	.	PUNCT
emaj-92	181	1	many	many	ADJ
emaj-92	181	2	investors	investor	NOUN
emaj-92	181	3	believe	believe	VERB
emaj-92	181	4	that	that	SCONJ
emaj-92	181	5	their	their	PRON
emaj-92	181	6	long	long	ADJ
emaj-92	181	7	-	-	PUNCT
emaj-92	181	8	term	term	NOUN
emaj-92	181	9	returns	return	NOUN
emaj-92	181	10	are	be	AUX
emaj-92	181	11	earned	earn	VERB
emaj-92	181	12	smoothly	smoothly	ADV
emaj-92	181	13	and	and	CCONJ
emaj-92	181	14	steadily	steadily	ADV
emaj-92	181	15	over	over	ADP
emaj-92	181	16	time	time	NOUN
emaj-92	181	17	and	and	CCONJ
emaj-92	181	18	that	that	SCONJ
emaj-92	181	19	their	their	PRON
emaj-92	181	20	capital	capital	NOUN
emaj-92	181	21	came	come	VERB
emaj-92	181	22	slowly	slowly	ADV
emaj-92	181	23	,	,	PUNCT
emaj-92	181	24	but	but	CCONJ
emaj-92	181	25	as	as	SCONJ
emaj-92	181	26	such	such	ADJ
emaj-92	181	27	is	be	AUX
emaj-92	181	28	safe	safe	ADJ
emaj-92	181	29	.	.	PUNCT
emaj-92	182	1	this	this	DET
emaj-92	182	2	point	point	NOUN
emaj-92	182	3	of	of	ADP
emaj-92	182	4	view	view	NOUN
emaj-92	182	5	is	be	AUX
emaj-92	182	6	advocated	advocate	VERB
emaj-92	182	7	by	by	ADP
emaj-92	182	8	many	many	ADJ
emaj-92	182	9	academics	academic	NOUN
emaj-92	182	10	who	who	PRON
emaj-92	182	11	based	base	VERB
emaj-92	182	12	on	on	ADP
emaj-92	182	13	the	the	DET
emaj-92	182	14	hypothesis	hypothesis	NOUN
emaj-92	182	15	of	of	ADP
emaj-92	182	16	normally	normally	ADV
emaj-92	182	17	distributed	distribute	VERB
emaj-92	182	18	returns	return	NOUN
emaj-92	182	19	think	think	VERB
emaj-92	182	20	that	that	SCONJ
emaj-92	182	21	the	the	DET
emaj-92	182	22	black	black	ADJ
emaj-92	182	23	swans	swan	NOUN
emaj-92	182	24	are	be	AUX
emaj-92	182	25	extreme	extreme	ADJ
emaj-92	182	26	events	event	NOUN
emaj-92	182	27	that	that	PRON
emaj-92	182	28	do	do	AUX
emaj-92	182	29	not	not	PART
emaj-92	182	30	occur	occur	VERB
emaj-92	182	31	frequently	frequently	ADV
emaj-92	182	32	and	and	CCONJ
emaj-92	182	33	appear	appear	VERB
emaj-92	182	34	as	as	ADP
emaj-92	182	35	an	an	DET
emaj-92	182	36	anomaly	anomaly	NOUN
emaj-92	182	37	that	that	PRON
emaj-92	182	38	is	be	AUX
emaj-92	182	39	easy	easy	ADJ
emaj-92	182	40	to	to	PART
emaj-92	182	41	ignore	ignore	VERB
emaj-92	182	42	.	.	PUNCT
emaj-92	183	1	the	the	DET
emaj-92	183	2	reality	reality	NOUN
emaj-92	183	3	is	be	AUX
emaj-92	183	4	,	,	PUNCT
emaj-92	183	5	however	however	ADV
emaj-92	183	6	,	,	PUNCT
emaj-92	183	7	different	different	ADJ
emaj-92	183	8	.(estrada	.(estrada	ADP
emaj-92	183	9	,	,	PUNCT
emaj-92	183	10	2009	2009	NUM
emaj-92	183	11	)	)	PUNCT
emaj-92	183	12	.	.	PUNCT
emaj-92	184	1	the	the	DET
emaj-92	184	2	black	black	ADJ
emaj-92	184	3	swan	swan	NOUN
emaj-92	184	4	is	be	AUX
emaj-92	184	5	an	an	DET
emaj-92	184	6	event	event	NOUN
emaj-92	184	7	that	that	PRON
emaj-92	184	8	can	can	AUX
emaj-92	184	9	not	not	PART
emaj-92	184	10	be	be	AUX
emaj-92	184	11	predicted	predict	VERB
emaj-92	184	12	in	in	ADP
emaj-92	184	13	advance	advance	NOUN
emaj-92	184	14	.	.	PUNCT
emaj-92	185	1	in	in	ADP
emaj-92	185	2	econometrics	econometric	NOUN
emaj-92	185	3	and	and	CCONJ
emaj-92	185	4	statistics	statistic	NOUN
emaj-92	185	5	,	,	PUNCT
emaj-92	185	6	black	black	ADJ
emaj-92	185	7	swan	swan	NOUN
emaj-92	185	8	is	be	AUX
emaj-92	185	9	considered	consider	VERB
emaj-92	185	10	atypical	atypical	ADJ
emaj-92	185	11	and	and	CCONJ
emaj-92	185	12	represents	represent	VERB
emaj-92	185	13	the	the	DET
emaj-92	185	14	value	value	NOUN
emaj-92	185	15	or	or	CCONJ
emaj-92	185	16	number	number	NOUN
emaj-92	185	17	that	that	PRON
emaj-92	185	18	differs	differ	VERB
emaj-92	185	19	from	from	ADP
emaj-92	185	20	the	the	DET
emaj-92	185	21	rest	rest	NOUN
emaj-92	185	22	of	of	ADP
emaj-92	185	23	the	the	DET
emaj-92	185	24	known	know	VERB
emaj-92	185	25	and	and	CCONJ
emaj-92	185	26	available.through	available.through	VERB
emaj-92	185	27	his	his	PRON
emaj-92	185	28	book	book	NOUN
emaj-92	185	29	,	,	PUNCT
emaj-92	185	30	taleb	taleb	PROPN
emaj-92	185	31	believes	believe	VERB
emaj-92	185	32	all	all	DET
emaj-92	185	33	changes	change	NOUN
emaj-92	185	34	in	in	ADP
emaj-92	185	35	human	human	ADJ
emaj-92	185	36	life	life	NOUN
emaj-92	185	37	are	be	AUX
emaj-92	185	38	the	the	DET
emaj-92	185	39	result	result	NOUN
emaj-92	185	40	of	of	ADP
emaj-92	185	41	randomnesa	randomnesa	NOUN
emaj-92	185	42	and	and	CCONJ
emaj-92	185	43	uncertainty	uncertainty	NOUN
emaj-92	185	44	,	,	PUNCT
emaj-92	185	45	and	and	CCONJ
emaj-92	185	46	the	the	DET
emaj-92	185	47	human	human	ADJ
emaj-92	185	48	inability	inability	NOUN
emaj-92	185	49	to	to	PART
emaj-92	185	50	predict	predict	VERB
emaj-92	185	51	these	these	DET
emaj-92	185	52	events	event	NOUN
emaj-92	185	53	even	even	ADV
emaj-92	185	54	by	by	ADP
emaj-92	185	55	experts	expert	NOUN
emaj-92	185	56	.	.	PUNCT
emaj-92	186	1	also	also	ADV
emaj-92	186	2	,	,	PUNCT
emaj-92	186	3	black	black	ADJ
emaj-92	186	4	swan	swan	NOUN
emaj-92	186	5	is	be	AUX
emaj-92	186	6	not	not	PART
emaj-92	186	7	only	only	ADV
emaj-92	186	8	the	the	DET
emaj-92	186	9	occurrence	occurrence	NOUN
emaj-92	186	10	of	of	ADP
emaj-92	186	11	an	an	DET
emaj-92	186	12	unexpected	unexpected	ADJ
emaj-92	186	13	event	event	NOUN
emaj-92	186	14	,	,	PUNCT
emaj-92	186	15	but	but	CCONJ
emaj-92	186	16	also	also	ADV
emaj-92	186	17	the	the	DET
emaj-92	186	18	absence	absence	NOUN
emaj-92	186	19	of	of	ADP
emaj-92	186	20	the	the	DET
emaj-92	186	21	expected	expect	VERB
emaj-92	186	22	(	(	PUNCT
emaj-92	186	23	brunaker	brunaker	NOUN
emaj-92	186	24	,	,	PUNCT
emaj-92	186	25	2013	2013	NUM
emaj-92	186	26	)	)	PUNCT
emaj-92	186	27	.	.	PUNCT
emaj-92	187	1	according	accord	VERB
emaj-92	187	2	to	to	ADP
emaj-92	187	3	sniedovich	sniedovich	NOUN
emaj-92	187	4	(	(	PUNCT
emaj-92	187	5	2012	2012	NUM
emaj-92	187	6	)	)	PUNCT
emaj-92	187	7	,	,	PUNCT
emaj-92	187	8	black	black	ADJ
emaj-92	187	9	swan	swan	NOUN
emaj-92	187	10	has	have	VERB
emaj-92	187	11	a	a	DET
emaj-92	187	12	large	large	ADJ
emaj-92	187	13	impact	impact	NOUN
emaj-92	187	14	on	on	ADP
emaj-92	187	15	the	the	DET
emaj-92	187	16	lives	life	NOUN
emaj-92	187	17	of	of	ADP
emaj-92	187	18	individuals	individual	NOUN
emaj-92	187	19	and	and	CCONJ
emaj-92	187	20	the	the	DET
emaj-92	187	21	evolution	evolution	NOUN
emaj-92	187	22	of	of	ADP
emaj-92	187	23	the	the	DET
emaj-92	187	24	organization	organization	NOUN
emaj-92	187	25	as	as	SCONJ
emaj-92	187	26	it	it	PRON
emaj-92	187	27	shapes	shape	VERB
emaj-92	187	28	each	each	DET
emaj-92	187	29	direction	direction	NOUN
emaj-92	187	30	of	of	ADP
emaj-92	187	31	history	history	NOUN
emaj-92	187	32	.	.	PUNCT
emaj-92	188	1	however	however	ADV
emaj-92	188	2	,	,	PUNCT
emaj-92	188	3	because	because	SCONJ
emaj-92	188	4	of	of	ADP
emaj-92	188	5	its	its	PRON
emaj-92	188	6	specific	specific	ADJ
emaj-92	188	7	features	feature	NOUN
emaj-92	188	8	(	(	PUNCT
emaj-92	188	9	such	such	ADJ
emaj-92	188	10	as	as	ADP
emaj-92	188	11	the	the	DET
emaj-92	188	12	one	one	NOUN
emaj-92	188	13	that	that	PRON
emaj-92	188	14	it	it	PRON
emaj-92	188	15	is	be	AUX
emaj-92	188	16	a	a	DET
emaj-92	188	17	rare	rare	ADJ
emaj-92	188	18	event	event	NOUN
emaj-92	188	19	)	)	PUNCT
emaj-92	188	20	,	,	PUNCT
emaj-92	188	21	it	it	PRON
emaj-92	188	22	comes	come	VERB
emaj-92	188	23	out	out	ADP
emaj-92	188	24	of	of	ADP
emaj-92	188	25	the	the	DET
emaj-92	188	26	scope	scope	NOUN
emaj-92	188	27	of	of	ADP
emaj-92	188	28	the	the	DET
emaj-92	188	29	formal	formal	ADJ
emaj-92	188	30	mathematical	mathematical	ADJ
emaj-92	188	31	treatment	treatment	NOUN
emaj-92	188	32	.	.	PUNCT
emaj-92	189	1	taleb	taleb	PROPN
emaj-92	189	2	argues	argue	VERB
emaj-92	189	3	that	that	SCONJ
emaj-92	189	4	reliance	reliance	NOUN
emaj-92	189	5	on	on	ADP
emaj-92	189	6	such	such	ADJ
emaj-92	189	7	formal	formal	ADJ
emaj-92	189	8	models	model	NOUN
emaj-92	189	9	,	,	PUNCT
emaj-92	189	10	over	over	ADP
emaj-92	189	11	the	the	DET
emaj-92	189	12	years	year	NOUN
emaj-92	189	13	,	,	PUNCT
emaj-92	189	14	resulted	result	VERB
emaj-92	189	15	in	in	ADP
emaj-92	189	16	the	the	DET
emaj-92	189	17	wrong	wrong	ADJ
emaj-92	189	18	sense	sense	NOUN
emaj-92	189	19	of	of	ADP
emaj-92	189	20	security	security	NOUN
emaj-92	189	21	of	of	ADP
emaj-92	189	22	decision	decision	NOUN
emaj-92	189	23	makers	maker	NOUN
emaj-92	189	24	in	in	ADP
emaj-92	189	25	the	the	DET
emaj-92	189	26	financial	financial	ADJ
emaj-92	189	27	sector	sector	NOUN
emaj-92	189	28	and	and	CCONJ
emaj-92	189	29	severe	severe	ADJ
emaj-92	189	30	damages	damage	NOUN
emaj-92	189	31	to	to	ADP
emaj-92	189	32	the	the	DET
emaj-92	189	33	global	global	ADJ
emaj-92	189	34	financial	financial	ADJ
emaj-92	189	35	system	system	NOUN
emaj-92	189	36	.	.	PUNCT
emaj-92	190	1	therefore	therefore	ADV
emaj-92	190	2	,	,	PUNCT
emaj-92	190	3	progress	progress	NOUN
emaj-92	190	4	in	in	ADP
emaj-92	190	5	this	this	DET
emaj-92	190	6	area	area	NOUN
emaj-92	190	7	will	will	AUX
emaj-92	190	8	be	be	AUX
emaj-92	190	9	achieved	achieve	VERB
emaj-92	190	10	only	only	ADV
emaj-92	190	11	if	if	SCONJ
emaj-92	190	12	there	there	PRON
emaj-92	190	13	is	be	VERB
emaj-92	190	14	awareness	awareness	NOUN
emaj-92	190	15	that	that	SCONJ
emaj-92	190	16	"	"	PUNCT
emaj-92	190	17	we	we	PRON
emaj-92	190	18	do	do	AUX
emaj-92	190	19	not	not	PART
emaj-92	190	20	know	know	VERB
emaj-92	190	21	how	how	SCONJ
emaj-92	190	22	to	to	PART
emaj-92	190	23	deal	deal	VERB
emaj-92	190	24	with	with	ADP
emaj-92	190	25	black	black	ADJ
emaj-92	190	26	swans	swan	NOUN
emaj-92	190	27	"	"	PUNCT
emaj-92	190	28	(	(	PUNCT
emaj-92	190	29	sniedovich,2012	sniedovich,2012	NOUN
emaj-92	190	30	)	)	PUNCT
emaj-92	190	31	.	.	PUNCT
emaj-92	191	1	3	3	X
emaj-92	191	2	.	.	X
emaj-92	191	3	political	political	ADJ
emaj-92	191	4	and	and	CCONJ
emaj-92	191	5	economical	economical	ADJ
emaj-92	191	6	environment	environment	NOUN
emaj-92	191	7	in	in	ADP
emaj-92	191	8	croatia	croatia	PROPN
emaj-92	191	9	in	in	ADP
emaj-92	191	10	last	last	ADJ
emaj-92	191	11	decade	decade	NOUN
emaj-92	191	12	huckshorn	huckshorn	NOUN
emaj-92	191	13	(	(	PUNCT
emaj-92	191	14	1984	1984	NUM
emaj-92	191	15	)	)	PUNCT
emaj-92	191	16	defined	define	VERB
emaj-92	191	17	political	political	ADJ
emaj-92	191	18	party	party	NOUN
emaj-92	191	19	as	as	ADP
emaj-92	191	20	an	an	DET
emaj-92	191	21	autonomous	autonomous	ADJ
emaj-92	191	22	group	group	NOUN
emaj-92	191	23	of	of	ADP
emaj-92	191	24	citizens	citizen	NOUN
emaj-92	191	25	having	have	VERB
emaj-92	191	26	the	the	DET
emaj-92	191	27	purpose	purpose	NOUN
emaj-92	191	28	of	of	ADP
emaj-92	191	29	volume	volume	NOUN
emaj-92	191	30	6	6	NUM
emaj-92	191	31	no	no	DET
emaj-92	191	32	1	1	NUM
emaj-92	191	33	(	(	PUNCT
emaj-92	191	34	2016	2016	NUM
emaj-92	191	35	)	)	PUNCT
emaj-92	191	36	|	|	ADV
emaj-92	191	37	issn	issn	VERB
emaj-92	191	38	2158	2158	NUM
emaj-92	191	39	-	-	SYM
emaj-92	191	40	8708	8708	NUM
emaj-92	191	41	(	(	PUNCT
emaj-92	191	42	online	online	NOUN
emaj-92	191	43	)	)	PUNCT
emaj-92	191	44	|	|	ADV
emaj-92	191	45	doi	doi	X
emaj-92	191	46	10.5195	10.5195	NUM
emaj-92	191	47	/	/	SYM
emaj-92	191	48	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	191	49	|	|	ADV
emaj-92	191	50	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	191	51	testing	test	VERB
emaj-92	191	52	the	the	DET
emaj-92	191	53	‘	'	PUNCT
emaj-92	191	54	black	black	ADJ
emaj-92	191	55	swan	swan	NOUN
emaj-92	191	56	effect	effect	NOUN
emaj-92	191	57	’	'	PUNCT
emaj-92	191	58	on	on	ADP
emaj-92	191	59	croatian	croatian	ADJ
emaj-92	191	60	stock	stock	NOUN
emaj-92	191	61	market	market	NOUN
emaj-92	191	62	between	between	ADP
emaj-92	191	63	2000	2000	NUM
emaj-92	191	64	and	and	CCONJ
emaj-92	191	65	2013	2013	NUM
emaj-92	191	66	page	page	NOUN
emaj-92	191	67	|6|	|6|	NOUN
emaj-92	191	68	emerging	emerge	VERB
emaj-92	191	69	markets	market	NOUN
emaj-92	191	70	journal	journal	NOUN
emaj-92	191	71	making	make	VERB
emaj-92	191	72	nominations	nomination	NOUN
emaj-92	191	73	and	and	CCONJ
emaj-92	191	74	contesting	contest	VERB
emaj-92	191	75	elections	election	NOUN
emaj-92	191	76	in	in	ADP
emaj-92	191	77	hope	hope	NOUN
emaj-92	191	78	of	of	ADP
emaj-92	191	79	gaining	gain	VERB
emaj-92	191	80	control	control	NOUN
emaj-92	191	81	over	over	ADP
emaj-92	191	82	governmental	governmental	ADJ
emaj-92	191	83	power	power	NOUN
emaj-92	191	84	through	through	ADP
emaj-92	191	85	the	the	DET
emaj-92	191	86	capture	capture	NOUN
emaj-92	191	87	of	of	ADP
emaj-92	191	88	public	public	ADJ
emaj-92	191	89	offices	office	NOUN
emaj-92	191	90	and	and	CCONJ
emaj-92	191	91	the	the	DET
emaj-92	191	92	organization	organization	NOUN
emaj-92	191	93	of	of	ADP
emaj-92	191	94	the	the	DET
emaj-92	191	95	government	government	NOUN
emaj-92	191	96	(	(	PUNCT
emaj-92	191	97	koruga	koruga	X
emaj-92	191	98	et	et	PROPN
emaj-92	191	99	al	al	PROPN
emaj-92	191	100	.	.	PROPN
emaj-92	191	101	,	,	PUNCT
emaj-92	191	102	2011	2011	NUM
emaj-92	191	103	)	)	PUNCT
emaj-92	191	104	.	.	PUNCT
emaj-92	192	1	croatia	croatia	PROPN
emaj-92	192	2	today	today	NOUN
emaj-92	192	3	is	be	AUX
emaj-92	192	4	a	a	DET
emaj-92	192	5	parliamentary	parliamentary	ADJ
emaj-92	192	6	democracy	democracy	NOUN
emaj-92	192	7	and	and	CCONJ
emaj-92	192	8	is	be	AUX
emaj-92	192	9	organized	organize	VERB
emaj-92	192	10	as	as	ADP
emaj-92	192	11	a	a	DET
emaj-92	192	12	unitary	unitary	ADJ
emaj-92	192	13	republic	republic	NOUN
emaj-92	192	14	.	.	PUNCT
emaj-92	193	1	the	the	DET
emaj-92	193	2	social	social	ADJ
emaj-92	193	3	state	state	NOUN
emaj-92	193	4	,	,	PUNCT
emaj-92	193	5	freedom	freedom	NOUN
emaj-92	193	6	,	,	PUNCT
emaj-92	193	7	equality	equality	NOUN
emaj-92	193	8	,	,	PUNCT
emaj-92	193	9	equal	equal	ADJ
emaj-92	193	10	rights	right	NOUN
emaj-92	193	11	and	and	CCONJ
emaj-92	193	12	the	the	DET
emaj-92	193	13	rule	rule	NOUN
emaj-92	193	14	of	of	ADP
emaj-92	193	15	law	law	NOUN
emaj-92	193	16	are	be	AUX
emaj-92	193	17	among	among	ADP
emaj-92	193	18	the	the	DET
emaj-92	193	19	highest	high	ADJ
emaj-92	193	20	values	value	NOUN
emaj-92	193	21	of	of	ADP
emaj-92	193	22	the	the	DET
emaj-92	193	23	constitutional	constitutional	ADJ
emaj-92	193	24	order	order	NOUN
emaj-92	193	25	(	(	PUNCT
emaj-92	193	26	the	the	DET
emaj-92	193	27	miroslav	miroslav	PROPN
emaj-92	193	28	krleža	krleža	PROPN
emaj-92	193	29	institue	institue	NOUN
emaj-92	193	30	of	of	ADP
emaj-92	193	31	lexicography	lexicography	NOUN
emaj-92	193	32	,	,	PUNCT
emaj-92	193	33	2013	2013	NUM
emaj-92	193	34	)	)	PUNCT
emaj-92	193	35	.	.	PUNCT
emaj-92	194	1	according	accord	VERB
emaj-92	194	2	to	to	ADP
emaj-92	194	3	bertelsmann	bertelsmann	PROPN
emaj-92	194	4	stiftung	stiftung	PROPN
emaj-92	194	5	in	in	ADP
emaj-92	194	6	croatia	croatia	PROPN
emaj-92	194	7	country	country	PROPN
emaj-92	194	8	report	report	PROPN
emaj-92	194	9	(	(	PUNCT
emaj-92	194	10	2014	2014	NUM
emaj-92	194	11	)	)	PUNCT
emaj-92	194	12	,	,	PUNCT
emaj-92	194	13	croatia	croatia	PROPN
emaj-92	194	14	’s	’s	PART
emaj-92	194	15	transition	transition	NOUN
emaj-92	194	16	to	to	ADP
emaj-92	194	17	democracy	democracy	NOUN
emaj-92	194	18	and	and	CCONJ
emaj-92	194	19	a	a	DET
emaj-92	194	20	market	market	NOUN
emaj-92	194	21	economy	economy	NOUN
emaj-92	194	22	in	in	ADP
emaj-92	194	23	the	the	DET
emaj-92	194	24	1990s	1990s	NUM
emaj-92	194	25	was	be	AUX
emaj-92	194	26	accompanied	accompany	VERB
emaj-92	194	27	and	and	CCONJ
emaj-92	194	28	constrained	constrain	VERB
emaj-92	194	29	by	by	ADP
emaj-92	194	30	the	the	DET
emaj-92	194	31	wars	war	NOUN
emaj-92	194	32	following	follow	VERB
emaj-92	194	33	the	the	DET
emaj-92	194	34	breakup	breakup	NOUN
emaj-92	194	35	of	of	ADP
emaj-92	194	36	the	the	DET
emaj-92	194	37	former	former	ADJ
emaj-92	194	38	yugoslavia	yugoslavia	PROPN
emaj-92	194	39	.	.	PUNCT
emaj-92	195	1	political	political	ADJ
emaj-92	195	2	liberalization	liberalization	NOUN
emaj-92	195	3	and	and	CCONJ
emaj-92	195	4	slobodan	slobodan	PROPN
emaj-92	195	5	milošević	milošević	PROPN
emaj-92	195	6	’s	’s	PART
emaj-92	195	7	nationalist	nationalist	ADJ
emaj-92	195	8	mobilization	mobilization	NOUN
emaj-92	195	9	campaign	campaign	NOUN
emaj-92	195	10	in	in	ADP
emaj-92	195	11	yugoslavia	yugoslavia	PROPN
emaj-92	195	12	enabled	enable	VERB
emaj-92	195	13	the	the	DET
emaj-92	195	14	nationalist	nationalist	ADJ
emaj-92	195	15	croatian	croatian	PROPN
emaj-92	195	16	democratic	democratic	PROPN
emaj-92	195	17	union	union	PROPN
emaj-92	195	18	(	(	PUNCT
emaj-92	195	19	hdz	hdz	PROPN
emaj-92	195	20	)	)	PUNCT
emaj-92	195	21	and	and	CCONJ
emaj-92	195	22	its	its	PRON
emaj-92	195	23	charismatic	charismatic	ADJ
emaj-92	195	24	leader	leader	NOUN
emaj-92	195	25	,	,	PUNCT
emaj-92	195	26	franjo	franjo	VERB
emaj-92	195	27	tuđman	tuđman	NOUN
emaj-92	195	28	,	,	PUNCT
emaj-92	195	29	to	to	PART
emaj-92	195	30	win	win	VERB
emaj-92	195	31	the	the	DET
emaj-92	195	32	country	country	NOUN
emaj-92	195	33	’s	’s	PART
emaj-92	195	34	first	first	ADJ
emaj-92	195	35	democratic	democratic	ADJ
emaj-92	195	36	elections	election	NOUN
emaj-92	195	37	in	in	ADP
emaj-92	195	38	may	may	PROPN
emaj-92	195	39	1990	1990	NUM
emaj-92	195	40	.	.	PUNCT
emaj-92	196	1	the	the	DET
emaj-92	196	2	new	new	ADJ
emaj-92	196	3	political	political	ADJ
emaj-92	196	4	leadership	leadership	NOUN
emaj-92	196	5	transformed	transform	VERB
emaj-92	196	6	croatia	croatia	PROPN
emaj-92	196	7	into	into	ADP
emaj-92	196	8	an	an	DET
emaj-92	196	9	ethnic	ethnic	ADJ
emaj-92	196	10	nation	nation	NOUN
emaj-92	196	11	-	-	PUNCT
emaj-92	196	12	state	state	NOUN
emaj-92	196	13	by	by	ADP
emaj-92	196	14	adopting	adopt	VERB
emaj-92	196	15	a	a	DET
emaj-92	196	16	new	new	ADJ
emaj-92	196	17	constitution	constitution	NOUN
emaj-92	196	18	and	and	CCONJ
emaj-92	196	19	by	by	ADP
emaj-92	196	20	holding	hold	VERB
emaj-92	196	21	(	(	PUNCT
emaj-92	196	22	and	and	CCONJ
emaj-92	196	23	winning	win	VERB
emaj-92	196	24	)	)	PUNCT
emaj-92	196	25	a	a	DET
emaj-92	196	26	referendum	referendum	NOUN
emaj-92	196	27	on	on	ADP
emaj-92	196	28	independence	independence	NOUN
emaj-92	196	29	in	in	ADP
emaj-92	196	30	may	may	PROPN
emaj-92	196	31	1991	1991	NUM
emaj-92	196	32	.	.	PUNCT
emaj-92	197	1	croatia	croatia	PROPN
emaj-92	197	2	declared	declare	VERB
emaj-92	197	3	its	its	PRON
emaj-92	197	4	independence	independence	NOUN
emaj-92	197	5	in	in	ADP
emaj-92	197	6	june	june	PROPN
emaj-92	197	7	1991	1991	NUM
emaj-92	197	8	(	(	PUNCT
emaj-92	197	9	bertelsmann	bertelsmann	PROPN
emaj-92	197	10	stiftung	stiftung	PROPN
emaj-92	197	11	,	,	PUNCT
emaj-92	197	12	2014	2014	NUM
emaj-92	197	13	)	)	PUNCT
emaj-92	197	14	.	.	PUNCT
emaj-92	198	1	between	between	ADP
emaj-92	198	2	1990	1990	NUM
emaj-92	198	3	and	and	CCONJ
emaj-92	198	4	2000	2000	NUM
emaj-92	198	5	,	,	PUNCT
emaj-92	198	6	croatia	croatia	PROPN
emaj-92	198	7	had	have	VERB
emaj-92	198	8	a	a	DET
emaj-92	198	9	semi	semi	ADJ
emaj-92	198	10	-	-	ADJ
emaj-92	198	11	presidential	presidential	ADJ
emaj-92	198	12	system	system	NOUN
emaj-92	198	13	,	,	PUNCT
emaj-92	198	14	and	and	CCONJ
emaj-92	198	15	since	since	SCONJ
emaj-92	198	16	2000	2000	NUM
emaj-92	198	17	it	it	PRON
emaj-92	198	18	has	have	AUX
emaj-92	198	19	had	have	VERB
emaj-92	198	20	a	a	DET
emaj-92	198	21	parliamentary	parliamentary	ADJ
emaj-92	198	22	system	system	NOUN
emaj-92	198	23	(	(	PUNCT
emaj-92	198	24	european	european	ADJ
emaj-92	198	25	parliament	parliament	NOUN
emaj-92	198	26	,	,	PUNCT
emaj-92	198	27	2010	2010	NUM
emaj-92	198	28	)	)	PUNCT
emaj-92	198	29	.	.	PUNCT
emaj-92	199	1	the	the	DET
emaj-92	199	2	political	political	ADJ
emaj-92	199	3	system	system	NOUN
emaj-92	199	4	is	be	AUX
emaj-92	199	5	based	base	VERB
emaj-92	199	6	on	on	ADP
emaj-92	199	7	the	the	DET
emaj-92	199	8	principle	principle	NOUN
emaj-92	199	9	of	of	ADP
emaj-92	199	10	the	the	DET
emaj-92	199	11	division	division	NOUN
emaj-92	199	12	of	of	ADP
emaj-92	199	13	power	power	NOUN
emaj-92	199	14	into	into	ADP
emaj-92	199	15	three	three	NUM
emaj-92	199	16	branches	branch	NOUN
emaj-92	199	17	:	:	PUNCT
emaj-92	199	18	the	the	DET
emaj-92	199	19	legislative	legislative	NOUN
emaj-92	199	20	,	,	PUNCT
emaj-92	199	21	the	the	DET
emaj-92	199	22	executive	executive	NOUN
emaj-92	199	23	and	and	CCONJ
emaj-92	199	24	the	the	DET
emaj-92	199	25	judiciary	judiciary	NOUN
emaj-92	199	26	(	(	PUNCT
emaj-92	199	27	the	the	DET
emaj-92	199	28	miroslav	miroslav	PROPN
emaj-92	199	29	krleža	krleža	PROPN
emaj-92	199	30	institue	institue	NOUN
emaj-92	199	31	of	of	ADP
emaj-92	199	32	lexicography	lexicography	NOUN
emaj-92	199	33	,	,	PUNCT
emaj-92	199	34	2013	2013	NUM
emaj-92	199	35	)	)	PUNCT
emaj-92	199	36	.	.	PUNCT
emaj-92	200	1	two	two	NUM
emaj-92	200	2	decades	decade	NOUN
emaj-92	200	3	of	of	ADP
emaj-92	200	4	political	political	ADJ
emaj-92	200	5	and	and	CCONJ
emaj-92	200	6	economic	economic	ADJ
emaj-92	200	7	transformation	transformation	NOUN
emaj-92	200	8	in	in	ADP
emaj-92	200	9	croatia	croatia	PROPN
emaj-92	200	10	can	can	AUX
emaj-92	200	11	be	be	AUX
emaj-92	200	12	divided	divide	VERB
emaj-92	200	13	into	into	ADP
emaj-92	200	14	two	two	NUM
emaj-92	200	15	phases	phase	NOUN
emaj-92	200	16	.	.	PUNCT
emaj-92	201	1	the	the	DET
emaj-92	201	2	first	first	ADJ
emaj-92	201	3	phase	phase	NOUN
emaj-92	201	4	from	from	ADP
emaj-92	201	5	1990	1990	NUM
emaj-92	201	6	until	until	ADP
emaj-92	201	7	2000	2000	NUM
emaj-92	201	8	was	be	AUX
emaj-92	201	9	marked	mark	VERB
emaj-92	201	10	by	by	ADP
emaj-92	201	11	a	a	DET
emaj-92	201	12	highly	highly	ADV
emaj-92	201	13	complex	complex	ADJ
emaj-92	201	14	and	and	CCONJ
emaj-92	201	15	difficult	difficult	ADJ
emaj-92	201	16	triple	triple	ADJ
emaj-92	201	17	transition	transition	NOUN
emaj-92	201	18	:	:	PUNCT
emaj-92	201	19	from	from	ADP
emaj-92	201	20	an	an	DET
emaj-92	201	21	autocratic	autocratic	ADJ
emaj-92	201	22	to	to	ADP
emaj-92	201	23	a	a	DET
emaj-92	201	24	democratic	democratic	ADJ
emaj-92	201	25	political	political	ADJ
emaj-92	201	26	system	system	NOUN
emaj-92	201	27	,	,	PUNCT
emaj-92	201	28	from	from	ADP
emaj-92	201	29	a	a	DET
emaj-92	201	30	planned	plan	VERB
emaj-92	201	31	towards	towards	ADP
emaj-92	201	32	a	a	DET
emaj-92	201	33	market	market	NOUN
emaj-92	201	34	economy	economy	NOUN
emaj-92	201	35	,	,	PUNCT
emaj-92	201	36	and	and	CCONJ
emaj-92	201	37	from	from	ADP
emaj-92	201	38	a	a	DET
emaj-92	201	39	multinational	multinational	ADJ
emaj-92	201	40	yugoslav	yugoslav	PROPN
emaj-92	201	41	federation	federation	PROPN
emaj-92	201	42	into	into	ADP
emaj-92	201	43	an	an	DET
emaj-92	201	44	independent	independent	ADJ
emaj-92	201	45	national	national	ADJ
emaj-92	201	46	state	state	NOUN
emaj-92	201	47	.	.	PUNCT
emaj-92	202	1	this	this	DET
emaj-92	202	2	third	third	ADJ
emaj-92	202	3	element	element	NOUN
emaj-92	202	4	of	of	ADP
emaj-92	202	5	transition	transition	NOUN
emaj-92	202	6	proved	prove	VERB
emaj-92	202	7	the	the	DET
emaj-92	202	8	most	most	ADV
emaj-92	202	9	important	important	ADJ
emaj-92	202	10	,	,	PUNCT
emaj-92	202	11	and	and	CCONJ
emaj-92	202	12	it	it	PRON
emaj-92	202	13	had	have	VERB
emaj-92	202	14	a	a	DET
emaj-92	202	15	decisive	decisive	ADJ
emaj-92	202	16	effect	effect	NOUN
emaj-92	202	17	on	on	ADP
emaj-92	202	18	the	the	DET
emaj-92	202	19	dynamic	dynamic	ADJ
emaj-92	202	20	and	and	CCONJ
emaj-92	202	21	character	character	NOUN
emaj-92	202	22	of	of	ADP
emaj-92	202	23	political	political	ADJ
emaj-92	202	24	and	and	CCONJ
emaj-92	202	25	economic	economic	ADJ
emaj-92	202	26	transformation	transformation	NOUN
emaj-92	202	27	(	(	PUNCT
emaj-92	202	28	bertelsmann	bertelsmann	PROPN
emaj-92	202	29	stiftung	stiftung	PROPN
emaj-92	202	30	in	in	ADP
emaj-92	202	31	croatia	croatia	PROPN
emaj-92	202	32	country	country	PROPN
emaj-92	202	33	report	report	NOUN
emaj-92	202	34	,	,	PUNCT
emaj-92	202	35	2012	2012	NUM
emaj-92	202	36	)	)	PUNCT
emaj-92	202	37	.	.	PUNCT
emaj-92	203	1	the	the	DET
emaj-92	203	2	first	first	ADJ
emaj-92	203	3	political	political	ADJ
emaj-92	203	4	opposition	opposition	NOUN
emaj-92	203	5	parties	party	NOUN
emaj-92	203	6	also	also	ADV
emaj-92	203	7	emerged	emerge	VERB
emaj-92	203	8	at	at	ADP
emaj-92	203	9	this	this	DET
emaj-92	203	10	time	time	NOUN
emaj-92	203	11	,	,	PUNCT
emaj-92	203	12	among	among	ADP
emaj-92	203	13	whom	whom	PRON
emaj-92	203	14	were	be	AUX
emaj-92	203	15	the	the	DET
emaj-92	203	16	croatian	croatian	PROPN
emaj-92	203	17	democratic	democratic	PROPN
emaj-92	203	18	union	union	PROPN
emaj-92	203	19	(	(	PUNCT
emaj-92	203	20	hdz	hdz	PROPN
emaj-92	203	21	)	)	PUNCT
emaj-92	203	22	and	and	CCONJ
emaj-92	203	23	the	the	DET
emaj-92	203	24	croatian	croatian	ADJ
emaj-92	203	25	social	social	ADJ
emaj-92	203	26	liberal	liberal	ADJ
emaj-92	203	27	alliance	alliance	NOUN
emaj-92	203	28	(	(	PUNCT
emaj-92	203	29	hsls	hsls	PROPN
emaj-92	203	30	)	)	PUNCT
emaj-92	203	31	,	,	PUNCT
emaj-92	203	32	who	who	PRON
emaj-92	203	33	fought	fight	VERB
emaj-92	203	34	the	the	DET
emaj-92	203	35	first	first	ADJ
emaj-92	203	36	free	free	ADJ
emaj-92	203	37	elections	election	NOUN
emaj-92	203	38	held	hold	VERB
emaj-92	203	39	in	in	ADP
emaj-92	203	40	1990	1990	NUM
emaj-92	203	41	.	.	PUNCT
emaj-92	204	1	at	at	ADP
emaj-92	204	2	those	those	DET
emaj-92	204	3	elections	election	NOUN
emaj-92	204	4	,	,	PUNCT
emaj-92	204	5	hdz	hdz	PROPN
emaj-92	204	6	won	win	VERB
emaj-92	204	7	,	,	PUNCT
emaj-92	204	8	becoming	become	VERB
emaj-92	204	9	the	the	DET
emaj-92	204	10	dominant	dominant	ADJ
emaj-92	204	11	party	party	NOUN
emaj-92	204	12	in	in	ADP
emaj-92	204	13	the	the	DET
emaj-92	204	14	period	period	NOUN
emaj-92	204	15	of	of	ADP
emaj-92	204	16	the	the	DET
emaj-92	204	17	establishment	establishment	NOUN
emaj-92	204	18	of	of	ADP
emaj-92	204	19	an	an	DET
emaj-92	204	20	independent	independent	ADJ
emaj-92	204	21	croatian	croatian	ADJ
emaj-92	204	22	state	state	NOUN
emaj-92	204	23	and	and	CCONJ
emaj-92	204	24	the	the	DET
emaj-92	204	25	democratic	democratic	ADJ
emaj-92	204	26	political	political	ADJ
emaj-92	204	27	order	order	NOUN
emaj-92	204	28	in	in	ADP
emaj-92	204	29	the	the	DET
emaj-92	204	30	1990s	1990	NOUN
emaj-92	204	31	(	(	PUNCT
emaj-92	204	32	the	the	DET
emaj-92	204	33	miroslav	miroslav	PROPN
emaj-92	204	34	krleža	krleža	PROPN
emaj-92	204	35	institue	institue	NOUN
emaj-92	204	36	of	of	ADP
emaj-92	204	37	lexicography	lexicography	NOUN
emaj-92	204	38	,	,	PUNCT
emaj-92	204	39	2013	2013	NUM
emaj-92	204	40	)	)	PUNCT
emaj-92	204	41	.	.	PUNCT
emaj-92	205	1	these	these	DET
emaj-92	205	2	elections	election	NOUN
emaj-92	205	3	set	set	VERB
emaj-92	205	4	the	the	DET
emaj-92	205	5	foundations	foundation	NOUN
emaj-92	205	6	for	for	ADP
emaj-92	205	7	democratic	democratic	ADJ
emaj-92	205	8	legislative	legislative	ADJ
emaj-92	205	9	and	and	CCONJ
emaj-92	205	10	executive	executive	ADJ
emaj-92	205	11	government	government	NOUN
emaj-92	205	12	.	.	PUNCT
emaj-92	206	1	at	at	ADP
emaj-92	206	2	the	the	DET
emaj-92	206	3	same	same	ADJ
emaj-92	206	4	time	time	NOUN
emaj-92	206	5	,	,	PUNCT
emaj-92	206	6	formal	formal	ADJ
emaj-92	206	7	democratic	democratic	ADJ
emaj-92	206	8	institutions	institution	NOUN
emaj-92	206	9	were	be	AUX
emaj-92	206	10	out	out	ADP
emaj-92	206	11	of	of	ADP
emaj-92	206	12	sync	sync	NOUN
emaj-92	206	13	with	with	ADP
emaj-92	206	14	the	the	DET
emaj-92	206	15	predominantly	predominantly	ADV
emaj-92	206	16	authoritarian	authoritarian	ADJ
emaj-92	206	17	style	style	NOUN
emaj-92	206	18	of	of	ADP
emaj-92	206	19	governance	governance	NOUN
emaj-92	206	20	of	of	ADP
emaj-92	206	21	croatia	croatia	PROPN
emaj-92	206	22	’s	’s	PART
emaj-92	206	23	first	first	ADJ
emaj-92	206	24	president	president	NOUN
emaj-92	206	25	,	,	PUNCT
emaj-92	206	26	franjo	franjo	VERB
emaj-92	206	27	tuđman	tuđman	NOUN
emaj-92	206	28	.	.	PUNCT
emaj-92	207	1	such	such	ADJ
emaj-92	207	2	tendencies	tendency	NOUN
emaj-92	207	3	were	be	AUX
emaj-92	207	4	further	far	ADV
emaj-92	207	5	exacerbated	exacerbate	VERB
emaj-92	207	6	by	by	ADP
emaj-92	207	7	the	the	DET
emaj-92	207	8	semipresidential	semipresidential	ADJ
emaj-92	207	9	system	system	NOUN
emaj-92	207	10	and	and	CCONJ
emaj-92	207	11	the	the	DET
emaj-92	207	12	absolute	absolute	ADJ
emaj-92	207	13	majority	majority	NOUN
emaj-92	207	14	that	that	PRON
emaj-92	207	15	tuđman	tuđman	NOUN
emaj-92	207	16	’s	’s	PART
emaj-92	207	17	hdz	hdz	NOUN
emaj-92	207	18	held	hold	VERB
emaj-92	207	19	in	in	ADP
emaj-92	207	20	parliament	parliament	NOUN
emaj-92	207	21	(	(	PUNCT
emaj-92	207	22	bertelsmann	bertelsmann	PROPN
emaj-92	207	23	stiftung	stiftung	PROPN
emaj-92	207	24	in	in	ADP
emaj-92	207	25	croatia	croatia	PROPN
emaj-92	207	26	country	country	PROPN
emaj-92	207	27	report	report	NOUN
emaj-92	207	28	,	,	PUNCT
emaj-92	207	29	2012	2012	NUM
emaj-92	207	30	)	)	PUNCT
emaj-92	207	31	.	.	PUNCT
emaj-92	208	1	as	as	ADP
emaj-92	208	2	the	the	DET
emaj-92	208	3	party	party	NOUN
emaj-92	208	4	of	of	ADP
emaj-92	208	5	franjo	franjo	PROPN
emaj-92	208	6	tuđman	tuđman	NOUN
emaj-92	208	7	,	,	PUNCT
emaj-92	208	8	who	who	PRON
emaj-92	208	9	is	be	AUX
emaj-92	208	10	widely	widely	ADV
emaj-92	208	11	seen	see	VERB
emaj-92	208	12	as	as	ADP
emaj-92	208	13	the	the	DET
emaj-92	208	14	father	father	NOUN
emaj-92	208	15	of	of	ADP
emaj-92	208	16	independent	independent	PROPN
emaj-92	208	17	croatia	croatia	PROPN
emaj-92	208	18	,	,	PUNCT
emaj-92	208	19	the	the	DET
emaj-92	208	20	right	right	ADJ
emaj-92	208	21	-	-	PUNCT
emaj-92	208	22	ofcentre	ofcentre	NOUN
emaj-92	208	23	hdz	hdz	NOUN
emaj-92	208	24	continues	continue	VERB
emaj-92	208	25	to	to	PART
emaj-92	208	26	be	be	AUX
emaj-92	208	27	a	a	DET
emaj-92	208	28	major	major	ADJ
emaj-92	208	29	force	force	NOUN
emaj-92	208	30	in	in	ADP
emaj-92	208	31	croatian	croatian	ADJ
emaj-92	208	32	politics	politic	NOUN
emaj-92	208	33	.	.	PUNCT
emaj-92	209	1	in	in	ADP
emaj-92	209	2	its	its	PRON
emaj-92	209	3	more	more	ADJ
emaj-92	209	4	than	than	ADP
emaj-92	209	5	20	20	NUM
emaj-92	209	6	years	year	NOUN
emaj-92	209	7	of	of	ADP
emaj-92	209	8	existence	existence	NOUN
emaj-92	209	9	,	,	PUNCT
emaj-92	209	10	the	the	DET
emaj-92	209	11	party	party	NOUN
emaj-92	209	12	underwent	undergo	VERB
emaj-92	209	13	a	a	DET
emaj-92	209	14	number	number	NOUN
emaj-92	209	15	of	of	ADP
emaj-92	209	16	transformations	transformation	NOUN
emaj-92	209	17	.	.	PUNCT
emaj-92	210	1	in	in	ADP
emaj-92	210	2	the	the	DET
emaj-92	210	3	1990s	1990	NOUN
emaj-92	210	4	,	,	PUNCT
emaj-92	210	5	it	it	PRON
emaj-92	210	6	was	be	AUX
emaj-92	210	7	often	often	ADV
emaj-92	210	8	characterized	characterize	VERB
emaj-92	210	9	as	as	ADP
emaj-92	210	10	a	a	DET
emaj-92	210	11	nationalistic	nationalistic	ADJ
emaj-92	210	12	and	and	CCONJ
emaj-92	210	13	conservative	conservative	ADJ
emaj-92	210	14	-	-	PUNCT
emaj-92	210	15	populist	populist	ADJ
emaj-92	210	16	political	political	ADJ
emaj-92	210	17	entity	entity	NOUN
emaj-92	210	18	.	.	PUNCT
emaj-92	211	1	at	at	ADP
emaj-92	211	2	the	the	DET
emaj-92	211	3	time	time	NOUN
emaj-92	211	4	of	of	ADP
emaj-92	211	5	the	the	DET
emaj-92	211	6	2011	2011	NUM
emaj-92	211	7	parliamentary	parliamentary	ADJ
emaj-92	211	8	elections	election	NOUN
emaj-92	211	9	,	,	PUNCT
emaj-92	211	10	there	there	PRON
emaj-92	211	11	were	be	VERB
emaj-92	211	12	116	116	NUM
emaj-92	211	13	parties	party	NOUN
emaj-92	211	14	officially	officially	ADV
emaj-92	211	15	registered	register	VERB
emaj-92	211	16	in	in	ADP
emaj-92	211	17	croatia	croatia	PROPN
emaj-92	211	18	.	.	PUNCT
emaj-92	212	1	however	however	ADV
emaj-92	212	2	,	,	PUNCT
emaj-92	212	3	a	a	DET
emaj-92	212	4	much	much	ADV
emaj-92	212	5	smaller	small	ADJ
emaj-92	212	6	portion	portion	NOUN
emaj-92	212	7	of	of	ADP
emaj-92	212	8	these	these	PRON
emaj-92	212	9	have	have	AUX
emaj-92	212	10	established	establish	VERB
emaj-92	212	11	and	and	CCONJ
emaj-92	212	12	maintained	maintain	VERB
emaj-92	212	13	a	a	DET
emaj-92	212	14	major	major	ADJ
emaj-92	212	15	electoral	electoral	ADJ
emaj-92	212	16	presence	presence	NOUN
emaj-92	212	17	on	on	ADP
emaj-92	212	18	the	the	DET
emaj-92	212	19	political	political	ADJ
emaj-92	212	20	scene	scene	NOUN
emaj-92	212	21	.	.	PUNCT
emaj-92	213	1	the	the	DET
emaj-92	213	2	two	two	NUM
emaj-92	213	3	parties	party	NOUN
emaj-92	213	4	that	that	PRON
emaj-92	213	5	have	have	AUX
emaj-92	213	6	consistently	consistently	ADV
emaj-92	213	7	enjoyed	enjoy	VERB
emaj-92	213	8	the	the	DET
emaj-92	213	9	most	most	ADV
emaj-92	213	10	electoral	electoral	ADJ
emaj-92	213	11	support	support	NOUN
emaj-92	213	12	in	in	ADP
emaj-92	213	13	the	the	DET
emaj-92	213	14	past	past	ADJ
emaj-92	213	15	two	two	NUM
emaj-92	213	16	decades	decade	NOUN
emaj-92	213	17	are	be	AUX
emaj-92	213	18	the	the	DET
emaj-92	213	19	hdz	hdz	NOUN
emaj-92	213	20	and	and	CCONJ
emaj-92	213	21	the	the	DET
emaj-92	213	22	sdp	sdp	NOUN
emaj-92	213	23	(	(	PUNCT
emaj-92	213	24	european	european	ADJ
emaj-92	213	25	policy	policy	NOUN
emaj-92	213	26	center	center	NOUN
emaj-92	213	27	,	,	PUNCT
emaj-92	213	28	2014	2014	NUM
emaj-92	213	29	)	)	PUNCT
emaj-92	213	30	.	.	PUNCT
emaj-92	214	1	the	the	DET
emaj-92	214	2	second	second	ADJ
emaj-92	214	3	phase	phase	NOUN
emaj-92	214	4	of	of	ADP
emaj-92	214	5	transformation	transformation	NOUN
emaj-92	214	6	started	start	VERB
emaj-92	214	7	with	with	ADP
emaj-92	214	8	the	the	DET
emaj-92	214	9	death	death	NOUN
emaj-92	214	10	of	of	ADP
emaj-92	214	11	franjo	franjo	ADJ
emaj-92	214	12	tuđman	tuđman	NOUN
emaj-92	214	13	in	in	ADP
emaj-92	214	14	1999	1999	NUM
emaj-92	214	15	and	and	CCONJ
emaj-92	214	16	the	the	DET
emaj-92	214	17	full	full	ADJ
emaj-92	214	18	change	change	NOUN
emaj-92	214	19	in	in	ADP
emaj-92	214	20	government	government	NOUN
emaj-92	214	21	at	at	ADP
emaj-92	214	22	the	the	DET
emaj-92	214	23	2000	2000	NUM
emaj-92	214	24	parliamentary	parliamentary	ADJ
emaj-92	214	25	and	and	CCONJ
emaj-92	214	26	presidential	presidential	ADJ
emaj-92	214	27	elections	election	NOUN
emaj-92	214	28	(	(	PUNCT
emaj-92	214	29	bertelsmann	bertelsmann	PROPN
emaj-92	214	30	stiftung	stiftung	PROPN
emaj-92	214	31	,	,	PUNCT
emaj-92	214	32	2012	2012	NUM
emaj-92	214	33	)	)	PUNCT
emaj-92	214	34	.	.	PUNCT
emaj-92	215	1	according	accord	VERB
emaj-92	215	2	to	to	ADP
emaj-92	215	3	bertelsmann	bertelsmann	PROPN
emaj-92	215	4	stiftung	stiftung	PROPN
emaj-92	215	5	(	(	PUNCT
emaj-92	215	6	2014	2014	NUM
emaj-92	215	7	)	)	PUNCT
emaj-92	215	8	,	,	PUNCT
emaj-92	215	9	after	after	ADP
emaj-92	215	10	a	a	DET
emaj-92	215	11	decade	decade	NOUN
emaj-92	215	12	of	of	ADP
emaj-92	215	13	semi	semi	ADJ
emaj-92	215	14	-	-	ADJ
emaj-92	215	15	authoritarian	authoritarian	ADJ
emaj-92	215	16	rule	rule	NOUN
emaj-92	215	17	of	of	ADP
emaj-92	215	18	by	by	ADP
emaj-92	215	19	president	president	PROPN
emaj-92	215	20	tuđman	tuđman	NOUN
emaj-92	215	21	and	and	CCONJ
emaj-92	215	22	the	the	DET
emaj-92	215	23	hdz	hdz	NOUN
emaj-92	215	24	,	,	PUNCT
emaj-92	215	25	an	an	DET
emaj-92	215	26	opposition	opposition	NOUN
emaj-92	215	27	coalition	coalition	NOUN
emaj-92	215	28	led	lead	VERB
emaj-92	215	29	by	by	ADP
emaj-92	215	30	the	the	DET
emaj-92	215	31	social	social	PROPN
emaj-92	215	32	democratic	democratic	PROPN
emaj-92	215	33	party	party	PROPN
emaj-92	215	34	(	(	PUNCT
emaj-92	215	35	sdp	sdp	NOUN
emaj-92	215	36	)	)	PUNCT
emaj-92	215	37	won	win	VERB
emaj-92	215	38	the	the	DET
emaj-92	215	39	2000	2000	NUM
emaj-92	215	40	parliamentary	parliamentary	ADJ
emaj-92	215	41	elections	election	NOUN
emaj-92	215	42	.	.	PUNCT
emaj-92	216	1	that	that	PRON
emaj-92	216	2	was	be	AUX
emaj-92	216	3	a	a	DET
emaj-92	216	4	boost	boost	NOUN
emaj-92	216	5	for	for	ADP
emaj-92	216	6	democratization	democratization	NOUN
emaj-92	216	7	in	in	ADP
emaj-92	216	8	croatia	croatia	PROPN
emaj-92	216	9	.	.	PUNCT
emaj-92	217	1	these	these	DET
emaj-92	217	2	critical	critical	ADJ
emaj-92	217	3	elections	election	NOUN
emaj-92	217	4	heralded	herald	VERB
emaj-92	217	5	a	a	DET
emaj-92	217	6	break	break	NOUN
emaj-92	217	7	with	with	ADP
emaj-92	217	8	the	the	DET
emaj-92	217	9	previous	previous	ADJ
emaj-92	217	10	hybrid	hybrid	ADJ
emaj-92	217	11	regime	regime	NOUN
emaj-92	217	12	and	and	CCONJ
emaj-92	217	13	they	they	PRON
emaj-92	217	14	forced	force	VERB
emaj-92	217	15	hdz	hdz	NOUN
emaj-92	217	16	to	to	PART
emaj-92	217	17	reform	reform	VERB
emaj-92	217	18	itself	itself	PRON
emaj-92	217	19	.	.	PUNCT
emaj-92	218	1	during	during	ADP
emaj-92	218	2	its	its	PRON
emaj-92	218	3	period	period	NOUN
emaj-92	218	4	in	in	ADP
emaj-92	218	5	office	office	NOUN
emaj-92	218	6	,	,	PUNCT
emaj-92	218	7	the	the	DET
emaj-92	218	8	new	new	ADJ
emaj-92	218	9	government	government	NOUN
emaj-92	218	10	introduced	introduce	VERB
emaj-92	218	11	institutional	institutional	ADJ
emaj-92	218	12	changes	change	NOUN
emaj-92	218	13	that	that	PRON
emaj-92	218	14	aimed	aim	VERB
emaj-92	218	15	to	to	PART
emaj-92	218	16	strengthen	strengthen	VERB
emaj-92	218	17	the	the	DET
emaj-92	218	18	role	role	NOUN
emaj-92	218	19	of	of	ADP
emaj-92	218	20	parliament	parliament	NOUN
emaj-92	218	21	and	and	CCONJ
emaj-92	218	22	government	government	NOUN
emaj-92	218	23	in	in	ADP
emaj-92	218	24	creating	create	VERB
emaj-92	218	25	and	and	CCONJ
emaj-92	218	26	implementing	implement	VERB
emaj-92	218	27	policies	policy	NOUN
emaj-92	218	28	,	,	PUNCT
emaj-92	218	29	to	to	PART
emaj-92	218	30	stem	stem	VERB
emaj-92	218	31	irregularities	irregularity	NOUN
emaj-92	218	32	in	in	ADP
emaj-92	218	33	the	the	DET
emaj-92	218	34	privatization	privatization	NOUN
emaj-92	218	35	process	process	NOUN
emaj-92	218	36	which	which	PRON
emaj-92	218	37	were	be	AUX
emaj-92	218	38	common	common	ADJ
emaj-92	218	39	in	in	ADP
emaj-92	218	40	the	the	DET
emaj-92	218	41	previous	previous	ADJ
emaj-92	218	42	decade	decade	NOUN
emaj-92	218	43	and	and	CCONJ
emaj-92	218	44	which	which	PRON
emaj-92	218	45	destroyed	destroy	VERB
emaj-92	218	46	part	part	NOUN
emaj-92	218	47	of	of	ADP
emaj-92	218	48	the	the	DET
emaj-92	218	49	economy	economy	NOUN
emaj-92	218	50	,	,	PUNCT
emaj-92	218	51	and	and	CCONJ
emaj-92	218	52	to	to	PART
emaj-92	218	53	increase	increase	VERB
emaj-92	218	54	the	the	DET
emaj-92	218	55	level	level	NOUN
emaj-92	218	56	of	of	ADP
emaj-92	218	57	civil	civil	ADJ
emaj-92	218	58	and	and	CCONJ
emaj-92	218	59	political	political	ADJ
emaj-92	218	60	rights	right	NOUN
emaj-92	218	61	and	and	CCONJ
emaj-92	218	62	freedoms	freedom	NOUN
emaj-92	218	63	in	in	ADP
emaj-92	218	64	the	the	DET
emaj-92	218	65	country	country	NOUN
emaj-92	218	66	.	.	PUNCT
emaj-92	219	1	constitutional	constitutional	ADJ
emaj-92	219	2	changes	change	NOUN
emaj-92	219	3	affected	affect	VERB
emaj-92	219	4	the	the	DET
emaj-92	219	5	abandonment	abandonment	NOUN
emaj-92	219	6	of	of	ADP
emaj-92	219	7	a	a	DET
emaj-92	219	8	semi	semi	ADJ
emaj-92	219	9	-	-	ADJ
emaj-92	219	10	presidential	presidential	ADJ
emaj-92	219	11	system	system	NOUN
emaj-92	219	12	of	of	ADP
emaj-92	219	13	government	government	NOUN
emaj-92	219	14	in	in	ADP
emaj-92	219	15	favor	favor	NOUN
emaj-92	219	16	of	of	ADP
emaj-92	219	17	a	a	DET
emaj-92	219	18	parliamentary	parliamentary	ADJ
emaj-92	219	19	system	system	NOUN
emaj-92	219	20	(	(	PUNCT
emaj-92	219	21	bertelsmann	bertelsmann	PROPN
emaj-92	219	22	stiftung	stiftung	PROPN
emaj-92	219	23	,	,	PUNCT
emaj-92	219	24	2014	2014	NUM
emaj-92	219	25	)	)	PUNCT
emaj-92	219	26	.	.	PUNCT
emaj-92	220	1	despite	despite	SCONJ
emaj-92	220	2	undeniable	undeniable	ADJ
emaj-92	220	3	economic	economic	ADJ
emaj-92	220	4	and	and	CCONJ
emaj-92	220	5	political	political	ADJ
emaj-92	220	6	accomplishments	accomplishment	NOUN
emaj-92	220	7	,	,	PUNCT
emaj-92	220	8	the	the	DET
emaj-92	220	9	center	center	NOUN
emaj-92	220	10	-	-	PUNCT
emaj-92	220	11	left	leave	VERB
emaj-92	220	12	coalition	coalition	NOUN
emaj-92	220	13	lost	lose	VERB
emaj-92	220	14	the	the	DET
emaj-92	220	15	subsequent	subsequent	ADJ
emaj-92	220	16	election	election	NOUN
emaj-92	220	17	in	in	ADP
emaj-92	220	18	2003	2003	NUM
emaj-92	220	19	(	(	PUNCT
emaj-92	220	20	bertelsmann	bertelsmann	PROPN
emaj-92	220	21	stiftung	stiftung	PROPN
emaj-92	220	22	,	,	PUNCT
emaj-92	220	23	2012	2012	NUM
emaj-92	220	24	)	)	PUNCT
emaj-92	220	25	.	.	PUNCT
emaj-92	221	1	nevertheless	nevertheless	ADV
emaj-92	221	2	,	,	PUNCT
emaj-92	221	3	as	as	SCONJ
emaj-92	221	4	the	the	DET
emaj-92	221	5	hdz	hdz	NOUN
emaj-92	221	6	returned	return	VERB
emaj-92	221	7	to	to	ADP
emaj-92	221	8	power	power	NOUN
emaj-92	221	9	in	in	ADP
emaj-92	221	10	2003	2003	NUM
emaj-92	221	11	,	,	PUNCT
emaj-92	221	12	the	the	DET
emaj-92	221	13	party	party	NOUN
emaj-92	221	14	did	do	AUX
emaj-92	221	15	not	not	PART
emaj-92	221	16	signal	signal	VERB
emaj-92	221	17	its	its	PRON
emaj-92	221	18	reluctance	reluctance	NOUN
emaj-92	221	19	to	to	PART
emaj-92	221	20	cooperate	cooperate	VERB
emaj-92	221	21	and	and	CCONJ
emaj-92	221	22	extradite	extradite	VERB
emaj-92	221	23	indicted	indict	VERB
emaj-92	221	24	croatian	croatian	ADJ
emaj-92	221	25	war	war	NOUN
emaj-92	221	26	criminals	criminal	NOUN
emaj-92	221	27	to	to	ADP
emaj-92	221	28	icty.4	icty.4	PRON
emaj-92	221	29	4international	4international	DET
emaj-92	221	30	criminal	criminal	ADJ
emaj-92	221	31	tribunal	tribunal	NOUN
emaj-92	221	32	for	for	ADP
emaj-92	221	33	the	the	DET
emaj-92	221	34	former	former	ADJ
emaj-92	221	35	yugoslavia	yugoslavia	PROPN
emaj-92	221	36	or	or	CCONJ
emaj-92	221	37	icty	icty	PROPN
emaj-92	221	38	,	,	PUNCT
emaj-92	221	39	is	be	AUX
emaj-92	221	40	a	a	DET
emaj-92	221	41	body	body	NOUN
emaj-92	221	42	of	of	ADP
emaj-92	221	43	the	the	DET
emaj-92	221	44	united	united	PROPN
emaj-92	221	45	nations	nations	PROPN
emaj-92	221	46	established	establish	VERB
emaj-92	221	47	to	to	PART
emaj-92	221	48	prosecute	prosecute	VERB
emaj-92	221	49	serious	serious	ADJ
emaj-92	221	50	crimes	crime	NOUN
emaj-92	221	51	committed	commit	VERB
emaj-92	221	52	during	during	ADP
emaj-92	221	53	the	the	DET
emaj-92	221	54	wars	war	NOUN
emaj-92	221	55	in	in	ADP
emaj-92	221	56	the	the	DET
emaj-92	221	57	former	former	ADJ
emaj-92	221	58	yugoslavia	yugoslavia	PROPN
emaj-92	221	59	,	,	PUNCT
emaj-92	221	60	and	and	CCONJ
emaj-92	221	61	to	to	PART
emaj-92	221	62	try	try	VERB
emaj-92	221	63	their	their	PRON
emaj-92	221	64	volume	volume	NOUN
emaj-92	221	65	6	6	NUM
emaj-92	221	66	no	no	DET
emaj-92	221	67	1	1	NUM
emaj-92	221	68	(	(	PUNCT
emaj-92	221	69	2016	2016	NUM
emaj-92	221	70	)	)	PUNCT
emaj-92	221	71	|	|	ADV
emaj-92	221	72	issn	issn	VERB
emaj-92	221	73	2158	2158	NUM
emaj-92	221	74	-	-	SYM
emaj-92	221	75	8708	8708	NUM
emaj-92	221	76	(	(	PUNCT
emaj-92	221	77	online	online	NOUN
emaj-92	221	78	)	)	PUNCT
emaj-92	221	79	|	|	ADV
emaj-92	221	80	doi	doi	X
emaj-92	221	81	10.5195	10.5195	NUM
emaj-92	221	82	/	/	SYM
emaj-92	221	83	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	221	84	|	|	ADV
emaj-92	221	85	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-92	221	86	anita	anita	PROPN
emaj-92	221	87	radman	radman	PROPN
emaj-92	221	88	peša	peša	PROPN
emaj-92	221	89	,	,	PUNCT
emaj-92	221	90	ana	ana	PROPN
emaj-92	221	91	brajković	brajković	NOUN
emaj-92	221	92	emerging	emerge	VERB
emaj-92	221	93	markets	market	NOUN
emaj-92	221	94	journal	journal	NOUN
emaj-92	221	95	|	|	ADV
emaj-92	221	96	p	p	NOUN
emaj-92	221	97	a	a	DET
emaj-92	221	98	g	g	PROPN
emaj-92	221	99	e	e	NOUN
emaj-92	221	100	|7	|7	X
emaj-92	221	101	the	the	DET
emaj-92	221	102	best	good	ADJ
emaj-92	221	103	example	example	NOUN
emaj-92	221	104	of	of	ADP
emaj-92	221	105	this	this	PRON
emaj-92	221	106	was	be	AUX
emaj-92	221	107	the	the	DET
emaj-92	221	108	arrest	arrest	NOUN
emaj-92	221	109	of	of	ADP
emaj-92	221	110	fugitive	fugitive	ADJ
emaj-92	221	111	general	general	PROPN
emaj-92	221	112	ante	ante	NOUN
emaj-92	221	113	gotovina	gotovina	NOUN
emaj-92	221	114	in	in	ADP
emaj-92	221	115	2005	2005	NUM
emaj-92	221	116	,	,	PUNCT
emaj-92	221	117	which	which	PRON
emaj-92	221	118	was	be	AUX
emaj-92	221	119	conducted	conduct	VERB
emaj-92	221	120	by	by	ADP
emaj-92	221	121	the	the	DET
emaj-92	221	122	hdz	hdz	NOUN
emaj-92	221	123	-	-	PUNCT
emaj-92	221	124	led	lead	VERB
emaj-92	221	125	government	government	NOUN
emaj-92	221	126	(	(	PUNCT
emaj-92	221	127	bertelsmann	bertelsmann	PROPN
emaj-92	221	128	stiftung	stiftung	PROPN
emaj-92	221	129	,	,	PUNCT
emaj-92	221	130	2014	2014	NUM
emaj-92	221	131	)	)	PUNCT
emaj-92	221	132	.	.	PUNCT
emaj-92	222	1	hdz	hdz	PROPN
emaj-92	222	2	returned	return	VERB
emaj-92	222	3	to	to	ADP
emaj-92	222	4	office	office	NOUN
emaj-92	222	5	under	under	ADP
emaj-92	222	6	the	the	DET
emaj-92	222	7	leadership	leadership	NOUN
emaj-92	222	8	of	of	ADP
emaj-92	222	9	ivo	ivo	PROPN
emaj-92	222	10	sanader	sanader	NOUN
emaj-92	222	11	.	.	PUNCT
emaj-92	223	1	the	the	DET
emaj-92	223	2	coalition	coalition	NOUN
emaj-92	223	3	government	government	NOUN
emaj-92	223	4	led	lead	VERB
emaj-92	223	5	by	by	ADP
emaj-92	223	6	the	the	DET
emaj-92	223	7	croatian	croatian	PROPN
emaj-92	223	8	democratic	democratic	PROPN
emaj-92	223	9	union	union	PROPN
emaj-92	223	10	(	(	PUNCT
emaj-92	223	11	hdz	hdz	PROPN
emaj-92	223	12	)	)	PUNCT
emaj-92	223	13	was	be	AUX
emaj-92	223	14	in	in	ADP
emaj-92	223	15	power	power	NOUN
emaj-92	223	16	for	for	ADP
emaj-92	223	17	eight	eight	NUM
emaj-92	223	18	years	year	NOUN
emaj-92	223	19	between	between	ADP
emaj-92	223	20	2003	2003	NUM
emaj-92	223	21	and	and	CCONJ
emaj-92	223	22	2011	2011	NUM
emaj-92	223	23	(	(	PUNCT
emaj-92	223	24	bertelsmann	bertelsmann	PROPN
emaj-92	223	25	stiftung	stiftung	PROPN
emaj-92	223	26	,	,	PUNCT
emaj-92	223	27	2012	2012	NUM
emaj-92	223	28	)	)	PUNCT
emaj-92	223	29	.	.	PUNCT
emaj-92	224	1	the	the	DET
emaj-92	224	2	strongest	strong	ADJ
emaj-92	224	3	opposition	opposition	NOUN
emaj-92	224	4	party	party	NOUN
emaj-92	224	5	is	be	AUX
emaj-92	224	6	the	the	DET
emaj-92	224	7	social	social	ADJ
emaj-92	224	8	democratic	democratic	ADJ
emaj-92	224	9	party	party	PROPN
emaj-92	224	10	(	(	PUNCT
emaj-92	224	11	sdp	sdp	NOUN
emaj-92	224	12	)	)	PUNCT
emaj-92	224	13	with	with	ADP
emaj-92	224	14	56	56	NUM
emaj-92	224	15	seats	seat	NOUN
emaj-92	224	16	in	in	ADP
emaj-92	224	17	parliament	parliament	NOUN
emaj-92	224	18	,	,	PUNCT
emaj-92	224	19	which	which	PRON
emaj-92	224	20	came	come	VERB
emaj-92	224	21	out	out	ADP
emaj-92	224	22	at	at	ADP
emaj-92	224	23	the	the	DET
emaj-92	224	24	2007	2007	NUM
emaj-92	224	25	general	general	ADJ
emaj-92	224	26	elections	election	NOUN
emaj-92	224	27	almost	almost	ADV
emaj-92	224	28	as	as	ADV
emaj-92	224	29	strong	strong	ADJ
emaj-92	224	30	as	as	ADP
emaj-92	224	31	the	the	DET
emaj-92	224	32	hdz	hdz	NOUN
emaj-92	224	33	.	.	PUNCT
emaj-92	225	1	only	only	ADV
emaj-92	225	2	the	the	DET
emaj-92	225	3	votes	vote	NOUN
emaj-92	225	4	from	from	ADP
emaj-92	225	5	the	the	DET
emaj-92	225	6	significant	significant	ADJ
emaj-92	225	7	croatian	croatian	ADJ
emaj-92	225	8	diaspora	diaspora	PROPN
emaj-92	225	9	decided	decide	VERB
emaj-92	225	10	in	in	ADP
emaj-92	225	11	hdz	hdz	PROPN
emaj-92	225	12	's	's	PART
emaj-92	225	13	favour	favour	NOUN
emaj-92	225	14	(	(	PUNCT
emaj-92	225	15	european	european	ADJ
emaj-92	225	16	parliament	parliament	NOUN
emaj-92	225	17	,	,	PUNCT
emaj-92	225	18	2010	2010	NUM
emaj-92	225	19	)	)	PUNCT
emaj-92	225	20	.	.	PUNCT
emaj-92	226	1	research	research	NOUN
emaj-92	226	2	of	of	ADP
emaj-92	226	3	european	european	ADJ
emaj-92	226	4	parliament	parliament	NOUN
emaj-92	226	5	(	(	PUNCT
emaj-92	226	6	2010	2010	NUM
emaj-92	226	7	)	)	PUNCT
emaj-92	226	8	stated	state	VERB
emaj-92	226	9	that	that	SCONJ
emaj-92	226	10	,	,	PUNCT
emaj-92	226	11	croatia	croatia	PROPN
emaj-92	226	12	became	become	VERB
emaj-92	226	13	a	a	DET
emaj-92	226	14	member	member	NOUN
emaj-92	226	15	of	of	ADP
emaj-92	226	16	the	the	DET
emaj-92	226	17	north	north	PROPN
emaj-92	226	18	atlantic	atlantic	PROPN
emaj-92	226	19	treaty	treaty	NOUN
emaj-92	226	20	organization	organization	NOUN
emaj-92	226	21	(	(	PUNCT
emaj-92	226	22	nato	nato	PROPN
emaj-92	226	23	)	)	PUNCT
emaj-92	226	24	together	together	ADV
emaj-92	226	25	with	with	ADP
emaj-92	226	26	albania	albania	PROPN
emaj-92	226	27	in	in	ADP
emaj-92	226	28	april	april	PROPN
emaj-92	226	29	,	,	PUNCT
emaj-92	226	30	2009	2009	NUM
emaj-92	226	31	.	.	PUNCT
emaj-92	227	1	joining	join	VERB
emaj-92	227	2	the	the	DET
emaj-92	227	3	european	european	PROPN
emaj-92	227	4	union	union	PROPN
emaj-92	227	5	and	and	CCONJ
emaj-92	227	6	nato	nato	PROPN
emaj-92	227	7	were	be	AUX
emaj-92	227	8	important	important	ADJ
emaj-92	227	9	factors	factor	NOUN
emaj-92	227	10	influencing	influence	VERB
emaj-92	227	11	croatia	croatia	PROPN
emaj-92	227	12	’s	’s	PART
emaj-92	227	13	political	political	ADJ
emaj-92	227	14	transformation	transformation	NOUN
emaj-92	227	15	and	and	CCONJ
emaj-92	227	16	democratization	democratization	NOUN
emaj-92	227	17	.	.	PUNCT
emaj-92	228	1	both	both	DET
emaj-92	228	2	organizations	organization	NOUN
emaj-92	228	3	,	,	PUNCT
emaj-92	228	4	especially	especially	ADV
emaj-92	228	5	the	the	DET
emaj-92	228	6	eu	eu	PROPN
emaj-92	228	7	,	,	PUNCT
emaj-92	228	8	offered	offer	VERB
emaj-92	228	9	clearly	clearly	ADV
emaj-92	228	10	defined	define	VERB
emaj-92	228	11	criteria	criterion	NOUN
emaj-92	228	12	for	for	ADP
emaj-92	228	13	croatian	croatian	ADJ
emaj-92	228	14	membership	membership	NOUN
emaj-92	228	15	.	.	PUNCT
emaj-92	229	1	this	this	PRON
emaj-92	229	2	is	be	AUX
emaj-92	229	3	particularly	particularly	ADV
emaj-92	229	4	true	true	ADJ
emaj-92	229	5	for	for	ADP
emaj-92	229	6	judicial	judicial	ADJ
emaj-92	229	7	reforms	reform	NOUN
emaj-92	229	8	,	,	PUNCT
emaj-92	229	9	the	the	DET
emaj-92	229	10	fight	fight	NOUN
emaj-92	229	11	against	against	ADP
emaj-92	229	12	corruption	corruption	NOUN
emaj-92	229	13	and	and	CCONJ
emaj-92	229	14	emphasis	emphasis	NOUN
emaj-92	229	15	on	on	ADP
emaj-92	229	16	foreign	foreign	ADJ
emaj-92	229	17	policy	policy	NOUN
emaj-92	229	18	,	,	PUNCT
emaj-92	229	19	which	which	PRON
emaj-92	229	20	should	should	AUX
emaj-92	229	21	contribute	contribute	VERB
emaj-92	229	22	to	to	ADP
emaj-92	229	23	the	the	DET
emaj-92	229	24	stabilization	stabilization	NOUN
emaj-92	229	25	of	of	ADP
emaj-92	229	26	southeastern	southeastern	ADJ
emaj-92	229	27	europe	europe	PROPN
emaj-92	229	28	(	(	PUNCT
emaj-92	229	29	bertelsmann	bertelsmann	PROPN
emaj-92	229	30	stiftung	stiftung	PROPN
emaj-92	229	31	,	,	PUNCT
emaj-92	229	32	2014	2014	NUM
emaj-92	229	33	)	)	PUNCT
emaj-92	229	34	.	.	PUNCT
emaj-92	230	1	the	the	DET
emaj-92	230	2	evolving	evolve	VERB
emaj-92	230	3	political	political	ADJ
emaj-92	230	4	crisis	crisis	NOUN
emaj-92	230	5	was	be	AUX
emaj-92	230	6	symbolically	symbolically	ADV
emaj-92	230	7	announced	announce	VERB
emaj-92	230	8	by	by	ADP
emaj-92	230	9	the	the	DET
emaj-92	230	10	surprise	surprise	NOUN
emaj-92	230	11	resignation	resignation	NOUN
emaj-92	230	12	of	of	ADP
emaj-92	230	13	ivo	ivo	PROPN
emaj-92	230	14	sanader	sanader	NOUN
emaj-92	230	15	(	(	PUNCT
emaj-92	230	16	hdz	hdz	PROPN
emaj-92	230	17	)	)	PUNCT
emaj-92	230	18	from	from	ADP
emaj-92	230	19	the	the	DET
emaj-92	230	20	post	post	NOUN
emaj-92	230	21	of	of	ADP
emaj-92	230	22	prime	prime	ADJ
emaj-92	230	23	minister	minister	NOUN
emaj-92	230	24	in	in	ADP
emaj-92	230	25	july	july	PROPN
emaj-92	230	26	2009	2009	NUM
emaj-92	230	27	(	(	PUNCT
emaj-92	230	28	bertelsmann	bertelsmann	PROPN
emaj-92	230	29	stiftung	stiftung	PROPN
emaj-92	230	30	,	,	PUNCT
emaj-92	230	31	2012	2012	NUM
emaj-92	230	32	)	)	PUNCT
emaj-92	230	33	.	.	PUNCT
emaj-92	231	1	in	in	ADP
emaj-92	231	2	july	july	PROPN
emaj-92	231	3	2009	2009	NUM
emaj-92	231	4	,	,	PUNCT
emaj-92	231	5	jadranka	jadranka	PROPN
emaj-92	231	6	kosor	kosor	PROPN
emaj-92	231	7	became	become	VERB
emaj-92	231	8	prime	prime	ADJ
emaj-92	231	9	minister	minister	NOUN
emaj-92	231	10	and	and	CCONJ
emaj-92	231	11	the	the	DET
emaj-92	231	12	hdz	hdz	PROPN
emaj-92	231	13	party	party	NOUN
emaj-92	231	14	leader	leader	NOUN
emaj-92	231	15	following	follow	VERB
emaj-92	231	16	the	the	DET
emaj-92	231	17	surprise	surprise	NOUN
emaj-92	231	18	resignation	resignation	NOUN
emaj-92	231	19	of	of	ADP
emaj-92	231	20	ivo	ivo	PROPN
emaj-92	231	21	sanader	sanader	NOUN
emaj-92	231	22	.	.	PUNCT
emaj-92	232	1	she	she	PRON
emaj-92	232	2	had	have	VERB
emaj-92	232	3	to	to	PART
emaj-92	232	4	take	take	VERB
emaj-92	232	5	over	over	ADP
emaj-92	232	6	this	this	DET
emaj-92	232	7	position	position	NOUN
emaj-92	232	8	at	at	ADP
emaj-92	232	9	a	a	DET
emaj-92	232	10	very	very	ADV
emaj-92	232	11	critical	critical	ADJ
emaj-92	232	12	moment	moment	NOUN
emaj-92	232	13	,	,	PUNCT
emaj-92	232	14	when	when	SCONJ
emaj-92	232	15	the	the	DET
emaj-92	232	16	eu	eu	PROPN
emaj-92	232	17	accession	accession	NOUN
emaj-92	232	18	negotiations	negotiation	NOUN
emaj-92	232	19	had	have	AUX
emaj-92	232	20	been	be	AUX
emaj-92	232	21	held	hold	VERB
emaj-92	232	22	up	up	ADP
emaj-92	232	23	and	and	CCONJ
emaj-92	232	24	an	an	DET
emaj-92	232	25	economic	economic	ADJ
emaj-92	232	26	crisis	crisis	NOUN
emaj-92	232	27	had	have	VERB
emaj-92	232	28	severe	severe	ADJ
emaj-92	232	29	repercussions	repercussion	NOUN
emaj-92	232	30	within	within	ADP
emaj-92	232	31	the	the	DET
emaj-92	232	32	country	country	NOUN
emaj-92	232	33	.	.	PUNCT
emaj-92	233	1	besides	besides	SCONJ
emaj-92	233	2	the	the	DET
emaj-92	233	3	lost	lose	VERB
emaj-92	233	4	presidential	presidential	ADJ
emaj-92	233	5	elections	election	NOUN
emaj-92	233	6	,	,	PUNCT
emaj-92	233	7	where	where	SCONJ
emaj-92	233	8	the	the	DET
emaj-92	233	9	hdz	hdz	NOUN
emaj-92	233	10	candidate	candidate	NOUN
emaj-92	233	11	andrija	andrija	NOUN
emaj-92	233	12	hebrang	hebrang	PROPN
emaj-92	233	13	was	be	AUX
emaj-92	233	14	already	already	ADV
emaj-92	233	15	eliminated	eliminate	VERB
emaj-92	233	16	in	in	ADP
emaj-92	233	17	the	the	DET
emaj-92	233	18	first	first	ADJ
emaj-92	233	19	round	round	NOUN
emaj-92	233	20	,	,	PUNCT
emaj-92	233	21	she	she	PRON
emaj-92	233	22	has	have	AUX
emaj-92	233	23	succeeded	succeed	VERB
emaj-92	233	24	in	in	ADP
emaj-92	233	25	unblocking	unblock	VERB
emaj-92	233	26	the	the	DET
emaj-92	233	27	accession	accession	NOUN
emaj-92	233	28	negotiations	negotiation	NOUN
emaj-92	233	29	.	.	PUNCT
emaj-92	234	1	furthermore	furthermore	ADV
emaj-92	234	2	,	,	PUNCT
emaj-92	234	3	she	she	PRON
emaj-92	234	4	is	be	AUX
emaj-92	234	5	seen	see	VERB
emaj-92	234	6	as	as	ADP
emaj-92	234	7	the	the	DET
emaj-92	234	8	person	person	NOUN
emaj-92	234	9	who	who	PRON
emaj-92	234	10	has	have	AUX
emaj-92	234	11	been	be	AUX
emaj-92	234	12	the	the	DET
emaj-92	234	13	most	most	ADV
emaj-92	234	14	successful	successful	ADJ
emaj-92	234	15	in	in	ADP
emaj-92	234	16	boosting	boost	VERB
emaj-92	234	17	efforts	effort	NOUN
emaj-92	234	18	to	to	PART
emaj-92	234	19	fight	fight	VERB
emaj-92	234	20	corruption	corruption	NOUN
emaj-92	234	21	.	.	PUNCT
emaj-92	235	1	on	on	ADP
emaj-92	235	2	3rd	3rd	ADJ
emaj-92	235	3	january	january	PROPN
emaj-92	235	4	2010	2010	NUM
emaj-92	235	5	,	,	PUNCT
emaj-92	235	6	the	the	DET
emaj-92	235	7	former	former	ADJ
emaj-92	235	8	prime	prime	ADJ
emaj-92	235	9	minister	minister	PROPN
emaj-92	235	10	ivo	ivo	PROPN
emaj-92	235	11	sanader	sanader	PROPN
emaj-92	235	12	announced	announce	VERB
emaj-92	235	13	,	,	PUNCT
emaj-92	235	14	without	without	ADP
emaj-92	235	15	having	having	AUX
emaj-92	235	16	informed	inform	VERB
emaj-92	235	17	his	his	PRON
emaj-92	235	18	party	party	NOUN
emaj-92	235	19	colleagues	colleague	NOUN
emaj-92	235	20	,	,	PUNCT
emaj-92	235	21	his	his	PRON
emaj-92	235	22	return	return	NOUN
emaj-92	235	23	to	to	ADP
emaj-92	235	24	politics	politic	NOUN
emaj-92	235	25	in	in	ADP
emaj-92	235	26	order	order	NOUN
emaj-92	235	27	to	to	PART
emaj-92	235	28	„	„	PUNCT
emaj-92	235	29	tackle	tackle	VERB
emaj-92	235	30	the	the	DET
emaj-92	235	31	evident	evident	ADJ
emaj-92	235	32	leadership	leadership	NOUN
emaj-92	235	33	problems	problem	NOUN
emaj-92	235	34	in	in	ADP
emaj-92	235	35	the	the	DET
emaj-92	235	36	hdz	hdz	NOUN
emaj-92	235	37	"	"	PUNCT
emaj-92	235	38	.	.	PUNCT
emaj-92	236	1	this	this	PRON
emaj-92	236	2	came	come	VERB
emaj-92	236	3	as	as	ADP
emaj-92	236	4	a	a	DET
emaj-92	236	5	shock	shock	NOUN
emaj-92	236	6	to	to	ADP
emaj-92	236	7	both	both	DET
emaj-92	236	8	the	the	DET
emaj-92	236	9	prime	prime	ADJ
emaj-92	236	10	minister	minister	NOUN
emaj-92	236	11	as	as	ADV
emaj-92	236	12	well	well	ADV
emaj-92	236	13	as	as	ADP
emaj-92	236	14	to	to	ADP
emaj-92	236	15	the	the	DET
emaj-92	236	16	coalition	coalition	NOUN
emaj-92	236	17	parties	party	NOUN
emaj-92	236	18	.	.	PUNCT
emaj-92	237	1	as	as	ADP
emaj-92	237	2	a	a	DET
emaj-92	237	3	consequence	consequence	NOUN
emaj-92	237	4	,	,	PUNCT
emaj-92	237	5	the	the	DET
emaj-92	237	6	hdz	hdz	PROPN
emaj-92	237	7	board	board	NOUN
emaj-92	237	8	expelled	expel	VERB
emaj-92	237	9	sanader	sanader	NOUN
emaj-92	237	10	from	from	ADP
emaj-92	237	11	the	the	DET
emaj-92	237	12	party	party	NOUN
emaj-92	237	13	on	on	ADP
emaj-92	237	14	4th	4th	ADJ
emaj-92	237	15	january	january	PROPN
emaj-92	237	16	2010	2010	NUM
emaj-92	237	17	with	with	ADP
emaj-92	237	18	the	the	DET
emaj-92	237	19	majority	majority	NOUN
emaj-92	237	20	of	of	ADP
emaj-92	237	21	hdz	hdz	NOUN
emaj-92	237	22	members	member	NOUN
emaj-92	237	23	supporting	support	VERB
emaj-92	237	24	this	this	DET
emaj-92	237	25	decision	decision	NOUN
emaj-92	237	26	.	.	PUNCT
emaj-92	238	1	jadranka	jadranka	PROPN
emaj-92	238	2	kosor	kosor	PROPN
emaj-92	238	3	has	have	VERB
emaj-92	238	4	further	further	ADJ
emaj-92	238	5	perpetrators	perpetrator	NOUN
emaj-92	238	6	.	.	PUNCT
emaj-92	239	1	the	the	DET
emaj-92	239	2	tribunal	tribunal	NOUN
emaj-92	239	3	is	be	AUX
emaj-92	239	4	an	an	DET
emaj-92	239	5	ad	ad	NOUN
emaj-92	239	6	hoc	hoc	X
emaj-92	239	7	court	court	NOUN
emaj-92	239	8	which	which	PRON
emaj-92	239	9	is	be	AUX
emaj-92	239	10	located	locate	VERB
emaj-92	239	11	in	in	ADP
emaj-92	239	12	the	the	DET
emaj-92	239	13	hague	hague	PROPN
emaj-92	239	14	,	,	PUNCT
emaj-92	239	15	netherlands	netherlands	PROPN
emaj-92	239	16	.	.	PUNCT
emaj-92	240	1	strengthened	strengthen	VERB
emaj-92	240	2	her	her	PRON
emaj-92	240	3	position	position	NOUN
emaj-92	240	4	and	and	CCONJ
emaj-92	240	5	her	her	PRON
emaj-92	240	6	control	control	NOUN
emaj-92	240	7	over	over	ADP
emaj-92	240	8	the	the	DET
emaj-92	240	9	party	party	NOUN
emaj-92	240	10	.	.	PUNCT
emaj-92	241	1	(	(	PUNCT
emaj-92	241	2	european	european	ADJ
emaj-92	241	3	parliament	parliament	NOUN
emaj-92	241	4	,	,	PUNCT
emaj-92	241	5	2010	2010	NUM
emaj-92	241	6	)	)	PUNCT
emaj-92	241	7	.	.	PUNCT
emaj-92	242	1	in	in	ADP
emaj-92	242	2	both	both	DET
emaj-92	242	3	mandates	mandate	NOUN
emaj-92	242	4	,	,	PUNCT
emaj-92	242	5	the	the	DET
emaj-92	242	6	hdz	hdz	NOUN
emaj-92	242	7	has	have	AUX
emaj-92	242	8	left	leave	VERB
emaj-92	242	9	behind	behind	ADP
emaj-92	242	10	an	an	DET
emaj-92	242	11	economically	economically	ADV
emaj-92	242	12	,	,	PUNCT
emaj-92	242	13	socially	socially	ADV
emaj-92	242	14	and	and	CCONJ
emaj-92	242	15	morally	morally	ADV
emaj-92	242	16	devastated	devastate	VERB
emaj-92	242	17	country	country	NOUN
emaj-92	242	18	with	with	ADP
emaj-92	242	19	a	a	DET
emaj-92	242	20	negative	negative	ADJ
emaj-92	242	21	gdp	gdp	NOUN
emaj-92	242	22	rate	rate	NOUN
emaj-92	242	23	,	,	PUNCT
emaj-92	242	24	high	high	ADJ
emaj-92	242	25	unemployment	unemployment	NOUN
emaj-92	242	26	,	,	PUNCT
emaj-92	242	27	high	high	ADJ
emaj-92	242	28	internal	internal	ADJ
emaj-92	242	29	insolvency	insolvency	NOUN
emaj-92	242	30	,	,	PUNCT
emaj-92	242	31	widespread	widespread	ADJ
emaj-92	242	32	corruption	corruption	NOUN
emaj-92	242	33	and	and	CCONJ
emaj-92	242	34	a	a	DET
emaj-92	242	35	clientelist	clientelist	NOUN
emaj-92	242	36	web	web	NOUN
emaj-92	242	37	,	,	PUNCT
emaj-92	242	38	as	as	ADV
emaj-92	242	39	well	well	ADV
emaj-92	242	40	as	as	ADP
emaj-92	242	41	non	non	ADJ
emaj-92	242	42	-	-	ADJ
emaj-92	242	43	transparent	transparent	ADJ
emaj-92	242	44	and	and	CCONJ
emaj-92	242	45	authoritarian	authoritarian	ADJ
emaj-92	242	46	practices	practice	NOUN
emaj-92	242	47	of	of	ADP
emaj-92	242	48	political	political	ADJ
emaj-92	242	49	decision	decision	NOUN
emaj-92	242	50	-	-	PUNCT
emaj-92	242	51	making	making	NOUN
emaj-92	242	52	.	.	PUNCT
emaj-92	243	1	however	however	ADV
emaj-92	243	2	,	,	PUNCT
emaj-92	243	3	in	in	ADP
emaj-92	243	4	comparison	comparison	NOUN
emaj-92	243	5	with	with	ADP
emaj-92	243	6	2000	2000	NUM
emaj-92	243	7	,	,	PUNCT
emaj-92	243	8	there	there	PRON
emaj-92	243	9	have	have	AUX
emaj-92	243	10	been	be	AUX
emaj-92	243	11	some	some	DET
emaj-92	243	12	positive	positive	ADJ
emaj-92	243	13	developments	development	NOUN
emaj-92	243	14	such	such	ADJ
emaj-92	243	15	as	as	ADP
emaj-92	243	16	the	the	DET
emaj-92	243	17	much	much	ADV
emaj-92	243	18	-	-	PUNCT
emaj-92	243	19	improved	improve	VERB
emaj-92	243	20	international	international	ADJ
emaj-92	243	21	status	status	NOUN
emaj-92	243	22	of	of	ADP
emaj-92	243	23	croatia	croatia	PROPN
emaj-92	243	24	,	,	PUNCT
emaj-92	243	25	reduced	reduce	VERB
emaj-92	243	26	ethnic	ethnic	ADJ
emaj-92	243	27	tensions	tension	NOUN
emaj-92	243	28	in	in	ADP
emaj-92	243	29	the	the	DET
emaj-92	243	30	country	country	NOUN
emaj-92	243	31	and	and	CCONJ
emaj-92	243	32	indications	indication	NOUN
emaj-92	243	33	that	that	SCONJ
emaj-92	243	34	the	the	DET
emaj-92	243	35	rule	rule	NOUN
emaj-92	243	36	of	of	ADP
emaj-92	243	37	law	law	NOUN
emaj-92	243	38	is	be	AUX
emaj-92	243	39	functional	functional	ADJ
emaj-92	243	40	(	(	PUNCT
emaj-92	243	41	bertelsmann	bertelsmann	PROPN
emaj-92	243	42	stiftung	stiftung	PROPN
emaj-92	243	43	,	,	PUNCT
emaj-92	243	44	2012	2012	NUM
emaj-92	243	45	)	)	PUNCT
emaj-92	243	46	.	.	PUNCT
emaj-92	244	1	in	in	ADP
emaj-92	244	2	december	december	PROPN
emaj-92	244	3	2011	2011	NUM
emaj-92	244	4	,	,	PUNCT
emaj-92	244	5	amid	amid	ADP
emaj-92	244	6	parliamentary	parliamentary	ADJ
emaj-92	244	7	elections	election	NOUN
emaj-92	244	8	the	the	DET
emaj-92	244	9	croatian	croatian	PROPN
emaj-92	244	10	democratic	democratic	PROPN
emaj-92	244	11	union	union	PROPN
emaj-92	244	12	(	(	PUNCT
emaj-92	244	13	hdz	hdz	PROPN
emaj-92	244	14	)	)	PUNCT
emaj-92	244	15	lost	lose	VERB
emaj-92	244	16	power	power	NOUN
emaj-92	244	17	and	and	CCONJ
emaj-92	244	18	the	the	DET
emaj-92	244	19	social	social	ADJ
emaj-92	244	20	democratic	democratic	ADJ
emaj-92	244	21	party	party	PROPN
emaj-92	244	22	of	of	ADP
emaj-92	244	23	croatia	croatia	PROPN
emaj-92	244	24	(	(	PUNCT
emaj-92	244	25	sdp	sdp	NOUN
emaj-92	244	26	)	)	PUNCT
emaj-92	244	27	formed	form	VERB
emaj-92	244	28	a	a	DET
emaj-92	244	29	new	new	ADJ
emaj-92	244	30	coalition	coalition	NOUN
emaj-92	244	31	government	government	NOUN
emaj-92	244	32	,	,	PUNCT
emaj-92	244	33	led	lead	VERB
emaj-92	244	34	by	by	ADP
emaj-92	244	35	prime	prime	PROPN
emaj-92	244	36	minister	minister	PROPN
emaj-92	244	37	zoran	zoran	PROPN
emaj-92	244	38	milanović	milanović	PROPN
emaj-92	244	39	.	.	PUNCT
emaj-92	245	1	finally	finally	ADV
emaj-92	245	2	,	,	PUNCT
emaj-92	245	3	the	the	DET
emaj-92	245	4	effects	effect	NOUN
emaj-92	245	5	of	of	ADP
emaj-92	245	6	the	the	DET
emaj-92	245	7	economic	economic	ADJ
emaj-92	245	8	crisis	crisis	NOUN
emaj-92	245	9	begun	begin	VERB
emaj-92	245	10	at	at	ADP
emaj-92	245	11	the	the	DET
emaj-92	245	12	end	end	NOUN
emaj-92	245	13	of	of	ADP
emaj-92	245	14	2008	2008	NUM
emaj-92	245	15	,	,	PUNCT
emaj-92	245	16	have	have	VERB
emaj-92	245	17	yet	yet	ADV
emaj-92	245	18	to	to	PART
emaj-92	245	19	abate	abate	VERB
emaj-92	245	20	.	.	PUNCT
emaj-92	246	1	in	in	ADP
emaj-92	246	2	november	november	PROPN
emaj-92	246	3	2012	2012	NUM
emaj-92	246	4	,	,	PUNCT
emaj-92	246	5	a	a	DET
emaj-92	246	6	court	court	NOUN
emaj-92	246	7	in	in	ADP
emaj-92	246	8	zagreb	zagreb	PROPN
emaj-92	246	9	convicted	convict	VERB
emaj-92	246	10	former	former	ADJ
emaj-92	246	11	prime	prime	ADJ
emaj-92	246	12	minister	minister	NOUN
emaj-92	246	13	ivo	ivo	PROPN
emaj-92	246	14	sanader	sanader	NOUN
emaj-92	246	15	on	on	ADP
emaj-92	246	16	corruption	corruption	NOUN
emaj-92	246	17	charges	charge	NOUN
emaj-92	246	18	and	and	CCONJ
emaj-92	246	19	sentenced	sentence	VERB
emaj-92	246	20	him	he	PRON
emaj-92	246	21	to	to	ADP
emaj-92	246	22	10	10	NUM
emaj-92	246	23	years	year	NOUN
emaj-92	246	24	in	in	ADP
emaj-92	246	25	jail	jail	NOUN
emaj-92	246	26	.	.	PUNCT
emaj-92	247	1	he	he	PRON
emaj-92	247	2	was	be	AUX
emaj-92	247	3	found	find	VERB
emaj-92	247	4	guilty	guilty	ADJ
emaj-92	247	5	of	of	ADP
emaj-92	247	6	accepting	accept	VERB
emaj-92	247	7	bribes	bribe	NOUN
emaj-92	247	8	for	for	ADP
emaj-92	247	9	brokering	broker	VERB
emaj-92	247	10	a	a	DET
emaj-92	247	11	loan	loan	NOUN
emaj-92	247	12	between	between	ADP
emaj-92	247	13	the	the	DET
emaj-92	247	14	government	government	NOUN
emaj-92	247	15	and	and	CCONJ
emaj-92	247	16	an	an	DET
emaj-92	247	17	austrian	austrian	ADJ
emaj-92	247	18	bank	bank	NOUN
emaj-92	247	19	in	in	ADP
emaj-92	247	20	the	the	DET
emaj-92	247	21	mid-1990s	mid-1990	NOUN
emaj-92	247	22	,	,	PUNCT
emaj-92	247	23	and	and	CCONJ
emaj-92	247	24	for	for	ADP
emaj-92	247	25	providing	provide	VERB
emaj-92	247	26	mol	mol	ADP
emaj-92	247	27	,	,	PUNCT
emaj-92	247	28	a	a	DET
emaj-92	247	29	hungarian	hungarian	ADJ
emaj-92	247	30	oil	oil	NOUN
emaj-92	247	31	company	company	NOUN
emaj-92	247	32	,	,	PUNCT
emaj-92	247	33	control	control	NOUN
emaj-92	247	34	over	over	ADP
emaj-92	247	35	croatian	croatian	ADJ
emaj-92	247	36	energy	energy	NOUN
emaj-92	247	37	company	company	NOUN
emaj-92	247	38	ina	ina	PROPN
emaj-92	247	39	in	in	ADP
emaj-92	247	40	2008	2008	NUM
emaj-92	247	41	.	.	PUNCT
emaj-92	248	1	while	while	SCONJ
emaj-92	248	2	other	other	ADJ
emaj-92	248	3	corruption	corruption	NOUN
emaj-92	248	4	cases	case	NOUN
emaj-92	248	5	against	against	ADP
emaj-92	248	6	other	other	ADJ
emaj-92	248	7	politicians	politician	NOUN
emaj-92	248	8	and	and	CCONJ
emaj-92	248	9	businessmen	businessman	NOUN
emaj-92	248	10	continue	continue	VERB
emaj-92	248	11	,	,	PUNCT
emaj-92	248	12	sanader	sanader	NOUN
emaj-92	248	13	’s	’s	PART
emaj-92	248	14	case	case	NOUN
emaj-92	248	15	is	be	AUX
emaj-92	248	16	unprecedented	unprecedented	ADJ
emaj-92	248	17	in	in	ADP
emaj-92	248	18	the	the	DET
emaj-92	248	19	history	history	NOUN
emaj-92	248	20	of	of	ADP
emaj-92	248	21	modern	modern	ADJ
emaj-92	248	22	croatia	croatia	PROPN
emaj-92	248	23	as	as	SCONJ
emaj-92	248	24	he	he	PRON
emaj-92	248	25	is	be	AUX
emaj-92	248	26	one	one	NUM
emaj-92	248	27	of	of	ADP
emaj-92	248	28	the	the	DET
emaj-92	248	29	highest	highest	ADV
emaj-92	248	30	-	-	PUNCT
emaj-92	248	31	ranking	rank	VERB
emaj-92	248	32	state	state	NOUN
emaj-92	248	33	officials	official	NOUN
emaj-92	248	34	to	to	PART
emaj-92	248	35	be	be	AUX
emaj-92	248	36	indicted	indict	VERB
emaj-92	248	37	.	.	PUNCT
emaj-92	249	1	the	the	DET
emaj-92	249	2	sanader	sanader	NOUN
emaj-92	249	3	case	case	NOUN
emaj-92	249	4	,	,	PUNCT
emaj-92	249	5	among	among	ADP
emaj-92	249	6	the	the	DET
emaj-92	249	7	many	many	ADJ
emaj-92	249	8	corruption	corruption	NOUN
emaj-92	249	9	cases	case	NOUN
emaj-92	249	10	being	be	AUX
emaj-92	249	11	heard	hear	VERB
emaj-92	249	12	,	,	PUNCT
emaj-92	249	13	not	not	PART
emaj-92	249	14	only	only	ADV
emaj-92	249	15	shows	show	VERB
emaj-92	249	16	that	that	SCONJ
emaj-92	249	17	a	a	DET
emaj-92	249	18	serious	serious	ADJ
emaj-92	249	19	effort	effort	NOUN
emaj-92	249	20	to	to	PART
emaj-92	249	21	fight	fight	VERB
emaj-92	249	22	corruption	corruption	NOUN
emaj-92	249	23	is	be	AUX
emaj-92	249	24	finally	finally	ADV
emaj-92	249	25	underway	underway	ADJ
emaj-92	249	26	but	but	CCONJ
emaj-92	249	27	also	also	ADV
emaj-92	249	28	outlines	outline	VERB
emaj-92	249	29	the	the	DET
emaj-92	249	30	extent	extent	NOUN
emaj-92	249	31	to	to	PART
emaj-92	249	32	which	which	PRON
emaj-92	249	33	corruption	corruption	NOUN
emaj-92	249	34	has	have	AUX
emaj-92	249	35	spread	spread	VERB
emaj-92	249	36	through	through	ADP
emaj-92	249	37	croatian	croatian	ADJ
emaj-92	249	38	society	society	NOUN
emaj-92	249	39	(	(	PUNCT
emaj-92	249	40	bertelsmann	bertelsmann	PROPN
emaj-92	249	41	stiftung	stiftung	PROPN
emaj-92	249	42	,	,	PUNCT
emaj-92	249	43	2014	2014	NUM
emaj-92	249	44	)	)	PUNCT
emaj-92	249	45	.	.	PUNCT
emaj-92	250	1	4	4	X
emaj-92	250	2	.	.	X
emaj-92	250	3	the	the	DET
emaj-92	250	4	macroeconomic	macroeconomic	ADJ
emaj-92	250	5	environment	environment	NOUN
emaj-92	250	6	and	and	CCONJ
emaj-92	250	7	stock	stock	NOUN
emaj-92	250	8	exchange	exchange	PROPN
emaj-92	250	9	development	development	NOUN
emaj-92	250	10	in	in	ADP
emaj-92	250	11	croatia	croatia	PROPN
emaj-92	250	12	croatia	croatia	PROPN
emaj-92	250	13	signed	sign	VERB
emaj-92	250	14	the	the	DET
emaj-92	250	15	stabilization	stabilization	NOUN
emaj-92	250	16	and	and	CCONJ
emaj-92	250	17	association	association	NOUN
emaj-92	250	18	agreement	agreement	NOUN
emaj-92	250	19	(	(	PUNCT
emaj-92	250	20	saa	saa	PROPN
emaj-92	250	21	)	)	PUNCT
emaj-92	250	22	with	with	ADP
emaj-92	250	23	the	the	DET
emaj-92	250	24	eu	eu	PROPN
emaj-92	250	25	in	in	ADP
emaj-92	250	26	2001	2001	NUM
emaj-92	250	27	and	and	CCONJ
emaj-92	250	28	submitted	submit	VERB
emaj-92	250	29	a	a	DET
emaj-92	250	30	formal	formal	ADJ
emaj-92	250	31	application	application	NOUN
emaj-92	250	32	for	for	ADP
emaj-92	250	33	eu	eu	PROPN
emaj-92	250	34	membership	membership	NOUN
emaj-92	250	35	in	in	ADP
emaj-92	250	36	2003	2003	NUM
emaj-92	250	37	.	.	PUNCT
emaj-92	251	1	the	the	DET
emaj-92	251	2	european	european	PROPN
emaj-92	251	3	commission	commission	PROPN
emaj-92	251	4	recommended	recommend	VERB
emaj-92	251	5	opening	opening	NOUN
emaj-92	251	6	accession	accession	NOUN
emaj-92	251	7	negotiations	negotiation	NOUN
emaj-92	251	8	and	and	CCONJ
emaj-92	251	9	the	the	DET
emaj-92	251	10	european	european	PROPN
emaj-92	251	11	council	council	PROPN
emaj-92	251	12	granted	grant	VERB
emaj-92	251	13	croatia	croatia	PROPN
emaj-92	251	14	the	the	DET
emaj-92	251	15	status	status	NOUN
emaj-92	251	16	of	of	ADP
emaj-92	251	17	an	an	DET
emaj-92	251	18	official	official	ADJ
emaj-92	251	19	candidate	candidate	NOUN
emaj-92	251	20	for	for	ADP
emaj-92	251	21	eu	eu	PROPN
emaj-92	251	22	membership	membership	NOUN
emaj-92	251	23	in	in	ADP
emaj-92	251	24	2004	2004	NUM
emaj-92	251	25	.	.	PUNCT
emaj-92	252	1	in	in	ADP
emaj-92	252	2	2005	2005	NUM
emaj-92	252	3	,	,	PUNCT
emaj-92	252	4	accession	accession	NOUN
emaj-92	252	5	negotiations	negotiation	NOUN
emaj-92	252	6	were	be	AUX
emaj-92	252	7	opened	open	VERB
emaj-92	252	8	between	between	ADP
emaj-92	252	9	the	the	DET
emaj-92	252	10	republic	republic	NOUN
emaj-92	252	11	of	of	ADP
emaj-92	252	12	croatia	croatia	PROPN
emaj-92	252	13	and	and	CCONJ
emaj-92	252	14	eu	eu	PROPN
emaj-92	252	15	.	.	PROPN
emaj-92	253	1	although	although	SCONJ
emaj-92	253	2	croatia	croatia	PROPN
emaj-92	253	3	signed	sign	VERB
emaj-92	253	4	the	the	DET
emaj-92	253	5	saa	saa	PROPN
emaj-92	253	6	in	in	ADP
emaj-92	253	7	2001	2001	NUM
emaj-92	253	8	,	,	PUNCT
emaj-92	253	9	eu	eu	PROPN
emaj-92	253	10	member	member	PROPN
emaj-92	253	11	states	states	PROPN
emaj-92	253	12	postponed	postpone	VERB
emaj-92	253	13	the	the	DET
emaj-92	253	14	start	start	NOUN
emaj-92	253	15	of	of	ADP
emaj-92	253	16	negotiations	negotiation	NOUN
emaj-92	253	17	to	to	ADP
emaj-92	253	18	march	march	PROPN
emaj-92	253	19	2005	2005	NUM
emaj-92	253	20	because	because	SCONJ
emaj-92	253	21	they	they	PRON
emaj-92	253	22	deemed	deem	VERB
emaj-92	253	23	croatia	croatia	PROPN
emaj-92	253	24	’s	’s	PART
emaj-92	253	25	cooperation	cooperation	NOUN
emaj-92	253	26	with	with	ADP
emaj-92	253	27	the	the	DET
emaj-92	253	28	international	international	ADJ
emaj-92	253	29	criminal	criminal	ADJ
emaj-92	253	30	tribunal	tribunal	NOUN
emaj-92	253	31	for	for	ADP
emaj-92	253	32	the	the	DET
emaj-92	253	33	former	former	ADJ
emaj-92	253	34	yugoslavia	yugoslavia	PROPN
emaj-92	253	35	insufficient	insufficient	NOUN
emaj-92	253	36	.	.	PUNCT
emaj-92	254	1	croatia	croatia	PROPN
emaj-92	254	2	’s	’s	PART
emaj-92	254	3	eu	eu	PROPN
emaj-92	254	4	accession	accession	NOUN
emaj-92	254	5	negotiations	negotiation	NOUN
emaj-92	254	6	were	be	AUX
emaj-92	254	7	concluded	conclude	VERB
emaj-92	254	8	in	in	ADP
emaj-92	254	9	june	june	PROPN
emaj-92	254	10	2011	2011	NUM
emaj-92	254	11	.	.	PUNCT
emaj-92	255	1	the	the	DET
emaj-92	255	2	signing	signing	NOUN
emaj-92	255	3	of	of	ADP
emaj-92	255	4	the	the	DET
emaj-92	255	5	accession	accession	NOUN
emaj-92	255	6	treaty	treaty	NOUN
emaj-92	255	7	and	and	CCONJ
emaj-92	255	8	the	the	DET
emaj-92	255	9	referendum	referendum	NOUN
emaj-92	255	10	on	on	ADP
emaj-92	255	11	eu	eu	PROPN
emaj-92	255	12	accession	accession	NOUN
emaj-92	255	13	took	take	VERB
emaj-92	255	14	place	place	NOUN
emaj-92	255	15	in	in	ADP
emaj-92	255	16	december	december	PROPN
emaj-92	255	17	2011	2011	NUM
emaj-92	255	18	,	,	PUNCT
emaj-92	255	19	with	with	ADP
emaj-92	255	20	the	the	DET
emaj-92	255	21	full	full	ADJ
emaj-92	255	22	accession	accession	NOUN
emaj-92	255	23	in	in	ADP
emaj-92	255	24	july	july	PROPN
emaj-92	255	25	2013	2013	NUM
emaj-92	255	26	.	.	PUNCT
emaj-92	256	1	volume	volume	NOUN
emaj-92	256	2	6	6	NUM
emaj-92	257	1	no	no	PRON
emaj-92	257	2	1	1	NUM
emaj-92	257	3	(	(	PUNCT
emaj-92	257	4	2016	2016	NUM
emaj-92	257	5	)	)	PUNCT
emaj-92	258	1	|	|	ADV
emaj-92	258	2	issn	issn	VERB
emaj-92	258	3	2158	2158	NUM
emaj-92	258	4	-	-	SYM
emaj-92	258	5	8708	8708	NUM
emaj-92	258	6	(	(	PUNCT
emaj-92	258	7	online	online	NOUN
emaj-92	258	8	)	)	PUNCT
emaj-92	258	9	|	|	ADV
emaj-92	258	10	doi	doi	X
emaj-92	258	11	10.5195	10.5195	NUM
emaj-92	258	12	/	/	SYM
emaj-92	258	13	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	258	14	|	|	ADV
emaj-92	258	15	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	258	16	testing	test	VERB
emaj-92	258	17	the	the	DET
emaj-92	258	18	‘	'	PUNCT
emaj-92	258	19	black	black	ADJ
emaj-92	258	20	swan	swan	NOUN
emaj-92	258	21	effect	effect	NOUN
emaj-92	258	22	’	'	PUNCT
emaj-92	258	23	on	on	ADP
emaj-92	258	24	croatian	croatian	ADJ
emaj-92	258	25	stock	stock	NOUN
emaj-92	258	26	market	market	NOUN
emaj-92	258	27	between	between	ADP
emaj-92	258	28	2000	2000	NUM
emaj-92	258	29	and	and	CCONJ
emaj-92	258	30	2013	2013	NUM
emaj-92	258	31	page	page	NOUN
emaj-92	258	32	|8|	|8|	NOUN
emaj-92	258	33	emerging	emerge	VERB
emaj-92	258	34	markets	market	NOUN
emaj-92	258	35	journal	journal	NOUN
emaj-92	258	36	recently	recently	ADV
emaj-92	258	37	,	,	PUNCT
emaj-92	258	38	the	the	DET
emaj-92	258	39	croatian	croatian	ADJ
emaj-92	258	40	government	government	NOUN
emaj-92	258	41	and	and	CCONJ
emaj-92	258	42	other	other	ADJ
emaj-92	258	43	state	state	NOUN
emaj-92	258	44	agencies	agency	NOUN
emaj-92	258	45	have	have	AUX
emaj-92	258	46	started	start	VERB
emaj-92	258	47	implementing	implement	VERB
emaj-92	258	48	demanding	demand	VERB
emaj-92	258	49	reforms	reform	NOUN
emaj-92	258	50	,	,	PUNCT
emaj-92	258	51	just	just	ADV
emaj-92	258	52	as	as	ADP
emaj-92	258	53	other	other	ADJ
emaj-92	258	54	countries	country	NOUN
emaj-92	258	55	of	of	ADP
emaj-92	258	56	the	the	DET
emaj-92	258	57	see	see	NOUN
emaj-92	258	58	region	region	NOUN
emaj-92	258	59	,	,	PUNCT
emaj-92	258	60	which	which	PRON
emaj-92	258	61	have	have	AUX
emaj-92	258	62	resulted	result	VERB
emaj-92	258	63	in	in	ADP
emaj-92	258	64	a	a	DET
emaj-92	258	65	record	record	NOUN
emaj-92	258	66	-	-	PUNCT
emaj-92	258	67	breaking	break	VERB
emaj-92	258	68	inflow	inflow	NOUN
emaj-92	258	69	of	of	ADP
emaj-92	258	70	foreign	foreign	ADJ
emaj-92	258	71	investments	investment	NOUN
emaj-92	258	72	and	and	CCONJ
emaj-92	258	73	improved	improve	VERB
emaj-92	258	74	entrepreneurial	entrepreneurial	ADJ
emaj-92	258	75	climate	climate	NOUN
emaj-92	258	76	until	until	SCONJ
emaj-92	258	77	the	the	DET
emaj-92	258	78	global	global	ADJ
emaj-92	258	79	crisis	crisis	NOUN
emaj-92	258	80	started	start	VERB
emaj-92	258	81	in	in	ADP
emaj-92	258	82	2008	2008	NUM
emaj-92	258	83	.	.	PUNCT
emaj-92	259	1	the	the	DET
emaj-92	259	2	stock	stock	NOUN
emaj-92	259	3	markets	market	NOUN
emaj-92	259	4	of	of	ADP
emaj-92	259	5	see	see	NOUN
emaj-92	259	6	(	(	PUNCT
emaj-92	259	7	including	include	VERB
emaj-92	259	8	the	the	DET
emaj-92	259	9	croatian	croatian	ADJ
emaj-92	259	10	stock	stock	NOUN
emaj-92	259	11	market	market	NOUN
emaj-92	259	12	)	)	PUNCT
emaj-92	259	13	have	have	AUX
emaj-92	259	14	moved	move	VERB
emaj-92	259	15	to	to	PART
emaj-92	259	16	align	align	VERB
emaj-92	259	17	their	their	PRON
emaj-92	259	18	standards	standard	NOUN
emaj-92	259	19	with	with	ADP
emaj-92	259	20	international	international	ADJ
emaj-92	259	21	ones	one	NOUN
emaj-92	259	22	by	by	ADP
emaj-92	259	23	improving	improve	VERB
emaj-92	259	24	corporate	corporate	ADJ
emaj-92	259	25	disclosure	disclosure	NOUN
emaj-92	259	26	practices	practice	NOUN
emaj-92	259	27	,	,	PUNCT
emaj-92	259	28	order	order	NOUN
emaj-92	259	29	execution	execution	NOUN
emaj-92	259	30	,	,	PUNCT
emaj-92	259	31	ownership	ownership	NOUN
emaj-92	259	32	rights	right	NOUN
emaj-92	259	33	,	,	PUNCT
emaj-92	259	34	and	and	CCONJ
emaj-92	259	35	by	by	ADP
emaj-92	259	36	bringing	bring	VERB
emaj-92	259	37	down	down	ADP
emaj-92	259	38	limitations	limitation	NOUN
emaj-92	259	39	to	to	ADP
emaj-92	259	40	international	international	ADJ
emaj-92	259	41	capital	capital	NOUN
emaj-92	259	42	flows	flow	NOUN
emaj-92	259	43	(	(	PUNCT
emaj-92	259	44	syllignakis	syllignaki	NOUN
emaj-92	259	45	and	and	CCONJ
emaj-92	259	46	kouretas	koureta	NOUN
emaj-92	259	47	2006	2006	NUM
emaj-92	259	48	)	)	PUNCT
emaj-92	259	49	.	.	PUNCT
emaj-92	260	1	during	during	ADP
emaj-92	260	2	eu	eu	PROPN
emaj-92	260	3	accession	accession	NOUN
emaj-92	260	4	negotiations	negotiation	NOUN
emaj-92	260	5	,	,	PUNCT
emaj-92	260	6	stock	stock	NOUN
emaj-92	260	7	markets	market	NOUN
emaj-92	260	8	in	in	ADP
emaj-92	260	9	croatia	croatia	PROPN
emaj-92	260	10	received	receive	VERB
emaj-92	260	11	massive	massive	ADJ
emaj-92	260	12	foreign	foreign	ADJ
emaj-92	260	13	investment	investment	NOUN
emaj-92	260	14	inflows	inflow	NOUN
emaj-92	260	15	(	(	PUNCT
emaj-92	260	16	32	32	NUM
emaj-92	260	17	%	%	NOUN
emaj-92	260	18	of	of	ADP
emaj-92	260	19	equity	equity	NOUN
emaj-92	260	20	investment	investment	NOUN
emaj-92	260	21	)	)	PUNCT
emaj-92	260	22	,	,	PUNCT
emaj-92	260	23	just	just	ADV
emaj-92	260	24	as	as	SCONJ
emaj-92	260	25	was	be	AUX
emaj-92	260	26	the	the	DET
emaj-92	260	27	case	case	NOUN
emaj-92	260	28	with	with	ADP
emaj-92	260	29	other	other	ADJ
emaj-92	260	30	eu	eu	PROPN
emaj-92	260	31	candidate	candidate	NOUN
emaj-92	260	32	countries	country	NOUN
emaj-92	260	33	such	such	ADJ
emaj-92	260	34	as	as	ADP
emaj-92	260	35	bulgaria	bulgaria	PROPN
emaj-92	260	36	,	,	PUNCT
emaj-92	260	37	romania	romania	PROPN
emaj-92	260	38	and	and	CCONJ
emaj-92	260	39	slovenia	slovenia	PROPN
emaj-92	260	40	.	.	PUNCT
emaj-92	261	1	less	less	ADV
emaj-92	261	2	encouraging	encouraging	ADJ
emaj-92	261	3	is	be	AUX
emaj-92	261	4	the	the	DET
emaj-92	261	5	fact	fact	NOUN
emaj-92	261	6	that	that	SCONJ
emaj-92	261	7	those	those	DET
emaj-92	261	8	investments	investment	NOUN
emaj-92	261	9	are	be	AUX
emaj-92	261	10	directed	direct	VERB
emaj-92	261	11	more	more	ADJ
emaj-92	261	12	to	to	ADP
emaj-92	261	13	the	the	DET
emaj-92	261	14	real	real	ADJ
emaj-92	261	15	estate	estate	NOUN
emaj-92	261	16	and	and	CCONJ
emaj-92	261	17	financial	financial	ADJ
emaj-92	261	18	services	service	NOUN
emaj-92	261	19	,	,	PUNCT
emaj-92	261	20	which	which	PRON
emaj-92	261	21	means	mean	VERB
emaj-92	261	22	that	that	SCONJ
emaj-92	261	23	they	they	PRON
emaj-92	261	24	are	be	AUX
emaj-92	261	25	less	less	ADV
emaj-92	261	26	likely	likely	ADJ
emaj-92	261	27	to	to	PART
emaj-92	261	28	generate	generate	VERB
emaj-92	261	29	exports	export	NOUN
emaj-92	261	30	revenue	revenue	NOUN
emaj-92	261	31	than	than	SCONJ
emaj-92	261	32	if	if	SCONJ
emaj-92	261	33	investments	investment	NOUN
emaj-92	261	34	flowed	flow	VERB
emaj-92	261	35	into	into	ADP
emaj-92	261	36	production	production	NOUN
emaj-92	261	37	.	.	PUNCT
emaj-92	262	1	stock	stock	NOUN
emaj-92	262	2	exchanges	exchange	NOUN
emaj-92	262	3	in	in	ADP
emaj-92	262	4	croatia	croatia	PROPN
emaj-92	262	5	declined	decline	VERB
emaj-92	262	6	parallel	parallel	ADJ
emaj-92	262	7	to	to	ADP
emaj-92	262	8	the	the	DET
emaj-92	262	9	world	world	NOUN
emaj-92	262	10	stock	stock	NOUN
emaj-92	262	11	exchanges	exchange	NOUN
emaj-92	262	12	due	due	ADJ
emaj-92	262	13	to	to	ADP
emaj-92	262	14	crisis	crisis	NOUN
emaj-92	262	15	.	.	PUNCT
emaj-92	263	1	the	the	DET
emaj-92	263	2	eu	eu	PROPN
emaj-92	263	3	has	have	AUX
emaj-92	263	4	adopted	adopt	VERB
emaj-92	263	5	a	a	DET
emaj-92	263	6	financial	financial	ADJ
emaj-92	263	7	package	package	NOUN
emaj-92	263	8	of	of	ADP
emaj-92	263	9	eur	eur	PROPN
emaj-92	263	10	3.7	3.7	NUM
emaj-92	263	11	billion	billion	NUM
emaj-92	263	12	for	for	ADP
emaj-92	263	13	the	the	DET
emaj-92	263	14	first	first	ADJ
emaj-92	263	15	two	two	NUM
emaj-92	263	16	years	year	NOUN
emaj-92	263	17	of	of	ADP
emaj-92	263	18	croatia	croatia	PROPN
emaj-92	263	19	’s	’s	PART
emaj-92	263	20	membership	membership	NOUN
emaj-92	263	21	which	which	PRON
emaj-92	263	22	were	be	AUX
emaj-92	263	23	available	available	ADJ
emaj-92	263	24	through	through	ADP
emaj-92	263	25	cohesion	cohesion	NOUN
emaj-92	263	26	and	and	CCONJ
emaj-92	263	27	structural	structural	ADJ
emaj-92	263	28	funds	fund	NOUN
emaj-92	263	29	.	.	PUNCT
emaj-92	264	1	after	after	ADP
emaj-92	264	2	the	the	DET
emaj-92	264	3	initial	initial	ADJ
emaj-92	264	4	stages	stage	NOUN
emaj-92	264	5	of	of	ADP
emaj-92	264	6	the	the	DET
emaj-92	264	7	global	global	ADJ
emaj-92	264	8	crisis	crisis	NOUN
emaj-92	264	9	,	,	PUNCT
emaj-92	264	10	croatia	croatia	PROPN
emaj-92	264	11	has	have	AUX
emaj-92	264	12	shown	show	VERB
emaj-92	264	13	slower	slow	ADJ
emaj-92	264	14	recovery	recovery	NOUN
emaj-92	264	15	than	than	ADP
emaj-92	264	16	other	other	ADJ
emaj-92	264	17	see	see	NOUN
emaj-92	264	18	countries	country	NOUN
emaj-92	264	19	but	but	CCONJ
emaj-92	264	20	the	the	DET
emaj-92	264	21	currency	currency	NOUN
emaj-92	264	22	is	be	AUX
emaj-92	264	23	strong	strong	ADJ
emaj-92	264	24	and	and	CCONJ
emaj-92	264	25	inflation	inflation	NOUN
emaj-92	264	26	is	be	AUX
emaj-92	264	27	low	low	ADJ
emaj-92	264	28	thanks	thank	NOUN
emaj-92	264	29	to	to	ADP
emaj-92	264	30	the	the	DET
emaj-92	264	31	strict	strict	ADJ
emaj-92	264	32	monetary	monetary	ADJ
emaj-92	264	33	policy	policy	NOUN
emaj-92	264	34	of	of	ADP
emaj-92	264	35	the	the	DET
emaj-92	264	36	croatian	croatian	PROPN
emaj-92	264	37	national	national	PROPN
emaj-92	264	38	bank	bank	PROPN
emaj-92	264	39	.	.	PUNCT
emaj-92	265	1	the	the	DET
emaj-92	265	2	main	main	ADJ
emaj-92	265	3	problem	problem	NOUN
emaj-92	265	4	lies	lie	VERB
emaj-92	265	5	in	in	ADP
emaj-92	265	6	the	the	DET
emaj-92	265	7	growing	grow	VERB
emaj-92	265	8	trade	trade	NOUN
emaj-92	265	9	deficit	deficit	NOUN
emaj-92	265	10	and	and	CCONJ
emaj-92	265	11	huge	huge	ADJ
emaj-92	265	12	unemployment	unemployment	NOUN
emaj-92	265	13	rate	rate	NOUN
emaj-92	265	14	.	.	PUNCT
emaj-92	266	1	in	in	ADP
emaj-92	266	2	the	the	DET
emaj-92	266	3	course	course	NOUN
emaj-92	266	4	of	of	ADP
emaj-92	266	5	12	12	NUM
emaj-92	266	6	months	month	NOUN
emaj-92	266	7	,	,	PUNCT
emaj-92	266	8	unemployment	unemployment	NOUN
emaj-92	266	9	has	have	AUX
emaj-92	266	10	risen	rise	VERB
emaj-92	266	11	by	by	ADP
emaj-92	266	12	around	around	ADV
emaj-92	266	13	20	20	NUM
emaj-92	266	14	%	%	NOUN
emaj-92	266	15	.	.	PUNCT
emaj-92	267	1	between	between	ADP
emaj-92	267	2	1994	1994	NUM
emaj-92	267	3	and	and	CCONJ
emaj-92	267	4	2008	2008	NUM
emaj-92	267	5	,	,	PUNCT
emaj-92	267	6	croatian	croatian	ADJ
emaj-92	267	7	economy	economy	NOUN
emaj-92	267	8	expressed	express	VERB
emaj-92	267	9	relatively	relatively	ADV
emaj-92	267	10	high	high	ADJ
emaj-92	267	11	rates	rate	NOUN
emaj-92	267	12	of	of	ADP
emaj-92	267	13	economic	economic	ADJ
emaj-92	267	14	growth	growth	NOUN
emaj-92	267	15	.	.	PUNCT
emaj-92	268	1	one	one	NUM
emaj-92	268	2	of	of	ADP
emaj-92	268	3	the	the	DET
emaj-92	268	4	main	main	ADJ
emaj-92	268	5	drivers	driver	NOUN
emaj-92	268	6	of	of	ADP
emaj-92	268	7	growth	growth	NOUN
emaj-92	268	8	of	of	ADP
emaj-92	268	9	the	the	DET
emaj-92	268	10	national	national	ADJ
emaj-92	268	11	economy	economy	NOUN
emaj-92	268	12	was	be	AUX
emaj-92	268	13	the	the	DET
emaj-92	268	14	domestic	domestic	ADJ
emaj-92	268	15	demand	demand	NOUN
emaj-92	268	16	,	,	PUNCT
emaj-92	268	17	which	which	PRON
emaj-92	268	18	in	in	ADP
emaj-92	268	19	the	the	DET
emaj-92	268	20	period	period	NOUN
emaj-92	268	21	between	between	ADP
emaj-92	268	22	2001	2001	NUM
emaj-92	268	23	and	and	CCONJ
emaj-92	268	24	2008	2008	NUM
emaj-92	268	25	grew	grow	VERB
emaj-92	268	26	more	more	ADJ
emaj-92	268	27	than	than	ADP
emaj-92	268	28	six	six	NUM
emaj-92	268	29	percent	percent	NOUN
emaj-92	268	30	per	per	ADP
emaj-92	268	31	year	year	NOUN
emaj-92	268	32	(	(	PUNCT
emaj-92	268	33	faster	fast	ADJ
emaj-92	268	34	than	than	ADP
emaj-92	268	35	growth	growth	NOUN
emaj-92	268	36	of	of	ADP
emaj-92	268	37	gdp	gdp	NOUN
emaj-92	268	38	)	)	PUNCT
emaj-92	268	39	.	.	PUNCT
emaj-92	269	1	one	one	NUM
emaj-92	269	2	of	of	ADP
emaj-92	269	3	the	the	DET
emaj-92	269	4	signs	sign	NOUN
emaj-92	269	5	of	of	ADP
emaj-92	269	6	progress	progress	NOUN
emaj-92	269	7	in	in	ADP
emaj-92	269	8	the	the	DET
emaj-92	269	9	region	region	NOUN
emaj-92	269	10	was	be	AUX
emaj-92	269	11	the	the	DET
emaj-92	269	12	inflow	inflow	NOUN
emaj-92	269	13	of	of	ADP
emaj-92	269	14	direct	direct	ADJ
emaj-92	269	15	foreign	foreign	ADJ
emaj-92	269	16	investments	investment	NOUN
emaj-92	269	17	,	,	PUNCT
emaj-92	269	18	especially	especially	ADV
emaj-92	269	19	before	before	SCONJ
emaj-92	269	20	the	the	DET
emaj-92	269	21	crisis	crisis	NOUN
emaj-92	269	22	of	of	ADP
emaj-92	269	23	2008	2008	NUM
emaj-92	269	24	started	start	VERB
emaj-92	269	25	.	.	PUNCT
emaj-92	270	1	less	less	ADV
emaj-92	270	2	encouraging	encouraging	ADJ
emaj-92	270	3	is	be	AUX
emaj-92	270	4	the	the	DET
emaj-92	270	5	fact	fact	NOUN
emaj-92	270	6	that	that	SCONJ
emaj-92	270	7	the	the	DET
emaj-92	270	8	investments	investment	NOUN
emaj-92	270	9	were	be	AUX
emaj-92	270	10	directed	direct	VERB
emaj-92	270	11	more	more	ADV
emaj-92	270	12	to	to	ADP
emaj-92	270	13	real	real	ADJ
emaj-92	270	14	estate	estate	NOUN
emaj-92	270	15	and	and	CCONJ
emaj-92	270	16	financial	financial	ADJ
emaj-92	270	17	services	service	NOUN
emaj-92	270	18	,	,	PUNCT
emaj-92	270	19	which	which	PRON
emaj-92	270	20	means	mean	VERB
emaj-92	270	21	less	less	ADJ
emaj-92	270	22	of	of	ADP
emaj-92	270	23	a	a	DET
emaj-92	270	24	probability	probability	NOUN
emaj-92	270	25	of	of	ADP
emaj-92	270	26	realizing	realize	VERB
emaj-92	270	27	export	export	NOUN
emaj-92	270	28	income	income	NOUN
emaj-92	270	29	than	than	SCONJ
emaj-92	270	30	if	if	SCONJ
emaj-92	270	31	investments	investment	NOUN
emaj-92	270	32	were	be	AUX
emaj-92	270	33	directed	direct	VERB
emaj-92	270	34	towards	towards	ADP
emaj-92	270	35	production	production	NOUN
emaj-92	270	36	.	.	PUNCT
emaj-92	271	1	world	world	NOUN
emaj-92	271	2	crisis	crisis	PROPN
emaj-92	271	3	2008	2008	NUM
emaj-92	271	4	did	do	VERB
emaj-92	271	5	n’t	not	PART
emaj-92	271	6	bypass	bypass	VERB
emaj-92	271	7	croatia	croatia	NOUN
emaj-92	271	8	,	,	PUNCT
emaj-92	271	9	but	but	CCONJ
emaj-92	271	10	the	the	DET
emaj-92	271	11	country	country	NOUN
emaj-92	271	12	has	have	AUX
emaj-92	271	13	got	get	VERB
emaj-92	271	14	also	also	ADV
emaj-92	271	15	its	its	PRON
emaj-92	271	16	inner	inner	ADJ
emaj-92	271	17	structural	structural	ADJ
emaj-92	271	18	and	and	CCONJ
emaj-92	271	19	economical	economical	ADJ
emaj-92	271	20	problems	problem	NOUN
emaj-92	271	21	.	.	PUNCT
emaj-92	272	1	between	between	ADP
emaj-92	272	2	2009	2009	NUM
emaj-92	272	3	and	and	CCONJ
emaj-92	272	4	2010	2010	NUM
emaj-92	272	5	,	,	PUNCT
emaj-92	272	6	there	there	PRON
emaj-92	272	7	was	be	VERB
emaj-92	272	8	a	a	DET
emaj-92	272	9	fall	fall	NOUN
emaj-92	272	10	in	in	ADP
emaj-92	272	11	real	real	ADJ
emaj-92	272	12	household	household	NOUN
emaj-92	272	13	consumption	consumption	NOUN
emaj-92	272	14	for	for	ADP
emaj-92	272	15	nearly	nearly	ADV
emaj-92	272	16	10	10	NUM
emaj-92	272	17	%	%	NOUN
emaj-92	272	18	,	,	PUNCT
emaj-92	272	19	as	as	ADP
emaj-92	272	20	a	a	DET
emaj-92	272	21	result	result	NOUN
emaj-92	272	22	of	of	ADP
emaj-92	272	23	the	the	DET
emaj-92	272	24	decline	decline	NOUN
emaj-92	272	25	in	in	ADP
emaj-92	272	26	the	the	DET
emaj-92	272	27	net	net	ADJ
emaj-92	272	28	real	real	ADJ
emaj-92	272	29	incomes	income	NOUN
emaj-92	272	30	which	which	PRON
emaj-92	272	31	was	be	AUX
emaj-92	272	32	reflected	reflect	VERB
emaj-92	272	33	also	also	ADV
emaj-92	272	34	as	as	ADP
emaj-92	272	35	a	a	DET
emaj-92	272	36	reduction	reduction	NOUN
emaj-92	272	37	in	in	ADP
emaj-92	272	38	the	the	DET
emaj-92	272	39	volume	volume	NOUN
emaj-92	272	40	of	of	ADP
emaj-92	272	41	imported	import	VERB
emaj-92	272	42	goods	good	NOUN
emaj-92	272	43	.	.	PUNCT
emaj-92	273	1	over	over	ADP
emaj-92	273	2	the	the	DET
emaj-92	273	3	years	year	NOUN
emaj-92	273	4	,	,	PUNCT
emaj-92	273	5	the	the	DET
emaj-92	273	6	increased	increase	VERB
emaj-92	273	7	domestic	domestic	ADJ
emaj-92	273	8	demand	demand	NOUN
emaj-92	273	9	,	,	PUNCT
emaj-92	273	10	especially	especially	ADV
emaj-92	273	11	private	private	ADJ
emaj-92	273	12	consumption	consumption	NOUN
emaj-92	273	13	based	base	VERB
emaj-92	273	14	on	on	ADP
emaj-92	273	15	borrowing	borrowing	NOUN
emaj-92	273	16	,	,	PUNCT
emaj-92	273	17	was	be	AUX
emaj-92	273	18	one	one	NUM
emaj-92	273	19	of	of	ADP
emaj-92	273	20	the	the	DET
emaj-92	273	21	causes	cause	NOUN
emaj-92	273	22	of	of	ADP
emaj-92	273	23	the	the	DET
emaj-92	273	24	continuous	continuous	ADJ
emaj-92	273	25	increase	increase	NOUN
emaj-92	273	26	in	in	ADP
emaj-92	273	27	total	total	ADJ
emaj-92	273	28	external	external	ADJ
emaj-92	273	29	debt	debt	NOUN
emaj-92	273	30	(	(	PUNCT
emaj-92	273	31	benolić	benolić	ADJ
emaj-92	273	32	,	,	PUNCT
emaj-92	273	33	2012	2012	NUM
emaj-92	273	34	)	)	PUNCT
emaj-92	273	35	.	.	PUNCT
emaj-92	274	1	the	the	DET
emaj-92	274	2	fall	fall	NOUN
emaj-92	274	3	of	of	ADP
emaj-92	274	4	the	the	DET
emaj-92	274	5	gdp	gdp	NOUN
emaj-92	274	6	rate	rate	NOUN
emaj-92	274	7	and	and	CCONJ
emaj-92	274	8	rise	rise	NOUN
emaj-92	274	9	of	of	ADP
emaj-92	274	10	unemployment	unemployment	NOUN
emaj-92	274	11	in	in	ADP
emaj-92	274	12	eu	eu	PROPN
emaj-92	274	13	had	have	VERB
emaj-92	274	14	a	a	DET
emaj-92	274	15	significant	significant	ADJ
emaj-92	274	16	impact	impact	NOUN
emaj-92	274	17	on	on	ADP
emaj-92	274	18	croatian	croatian	ADJ
emaj-92	274	19	economy	economy	NOUN
emaj-92	274	20	due	due	ADP
emaj-92	274	21	to	to	ADP
emaj-92	274	22	croatian	croatian	ADJ
emaj-92	274	23	economic	economic	ADJ
emaj-92	274	24	dependence	dependence	NOUN
emaj-92	274	25	on	on	ADP
emaj-92	274	26	other	other	ADJ
emaj-92	274	27	eu	eu	PROPN
emaj-92	274	28	members	member	NOUN
emaj-92	274	29	.	.	PUNCT
emaj-92	275	1	the	the	DET
emaj-92	275	2	focus	focus	NOUN
emaj-92	275	3	of	of	ADP
emaj-92	275	4	the	the	DET
emaj-92	275	5	new	new	ADJ
emaj-92	275	6	croatian	croatian	ADJ
emaj-92	275	7	government	government	NOUN
emaj-92	275	8	was	be	AUX
emaj-92	275	9	on	on	ADP
emaj-92	275	10	domestic	domestic	ADJ
emaj-92	275	11	economic	economic	ADJ
emaj-92	275	12	and	and	CCONJ
emaj-92	275	13	social	social	ADJ
emaj-92	275	14	policies	policy	NOUN
emaj-92	275	15	,	,	PUNCT
emaj-92	275	16	with	with	ADP
emaj-92	275	17	the	the	DET
emaj-92	275	18	promise	promise	NOUN
emaj-92	275	19	to	to	PART
emaj-92	275	20	pull	pull	VERB
emaj-92	275	21	the	the	DET
emaj-92	275	22	country	country	NOUN
emaj-92	275	23	out	out	ADP
emaj-92	275	24	of	of	ADP
emaj-92	275	25	the	the	DET
emaj-92	275	26	crisis	crisis	NOUN
emaj-92	275	27	,	,	PUNCT
emaj-92	275	28	but	but	CCONJ
emaj-92	275	29	by	by	ADP
emaj-92	275	30	the	the	DET
emaj-92	275	31	end	end	NOUN
emaj-92	275	32	of	of	ADP
emaj-92	275	33	2012	2012	NUM
emaj-92	275	34	croatia	croatia	PROPN
emaj-92	275	35	’s	’s	PART
emaj-92	275	36	gdp	gdp	NOUN
emaj-92	275	37	continued	continue	VERB
emaj-92	275	38	to	to	PART
emaj-92	275	39	fall	fall	VERB
emaj-92	275	40	.	.	PUNCT
emaj-92	276	1	the	the	DET
emaj-92	276	2	government	government	NOUN
emaj-92	276	3	introduced	introduce	VERB
emaj-92	276	4	a	a	DET
emaj-92	276	5	tax	tax	NOUN
emaj-92	276	6	reform	reform	NOUN
emaj-92	276	7	and	and	CCONJ
emaj-92	276	8	began	begin	VERB
emaj-92	276	9	the	the	DET
emaj-92	276	10	restructuring	restructuring	NOUN
emaj-92	276	11	of	of	ADP
emaj-92	276	12	large	large	ADJ
emaj-92	276	13	state	state	NOUN
emaj-92	276	14	-	-	PUNCT
emaj-92	276	15	owned	own	VERB
emaj-92	276	16	companies	company	NOUN
emaj-92	276	17	.	.	PUNCT
emaj-92	277	1	but	but	CCONJ
emaj-92	277	2	projects	project	NOUN
emaj-92	277	3	that	that	PRON
emaj-92	277	4	were	be	AUX
emaj-92	277	5	supposed	suppose	VERB
emaj-92	277	6	to	to	PART
emaj-92	277	7	boost	boost	VERB
emaj-92	277	8	the	the	DET
emaj-92	277	9	economy	economy	NOUN
emaj-92	277	10	,	,	PUNCT
emaj-92	277	11	such	such	ADJ
emaj-92	277	12	as	as	ADP
emaj-92	277	13	investments	investment	NOUN
emaj-92	277	14	,	,	PUNCT
emaj-92	277	15	fell	fall	VERB
emaj-92	277	16	short	short	ADJ
emaj-92	277	17	.	.	PUNCT
emaj-92	278	1	moreover	moreover	ADV
emaj-92	278	2	,	,	PUNCT
emaj-92	278	3	the	the	DET
emaj-92	278	4	government	government	NOUN
emaj-92	278	5	failed	fail	VERB
emaj-92	278	6	to	to	PART
emaj-92	278	7	implement	implement	VERB
emaj-92	278	8	structural	structural	ADJ
emaj-92	278	9	reforms	reform	NOUN
emaj-92	278	10	to	to	PART
emaj-92	278	11	reduce	reduce	VERB
emaj-92	278	12	public	public	ADJ
emaj-92	278	13	spending	spending	NOUN
emaj-92	278	14	,	,	PUNCT
emaj-92	278	15	and	and	CCONJ
emaj-92	278	16	at	at	ADP
emaj-92	278	17	the	the	DET
emaj-92	278	18	end	end	NOUN
emaj-92	278	19	of	of	ADP
emaj-92	278	20	2012	2012	NUM
emaj-92	278	21	,	,	PUNCT
emaj-92	278	22	this	this	DET
emaj-92	278	23	failure	failure	NOUN
emaj-92	278	24	resulted	result	VERB
emaj-92	278	25	in	in	ADP
emaj-92	278	26	a	a	DET
emaj-92	278	27	reduction	reduction	NOUN
emaj-92	278	28	of	of	ADP
emaj-92	278	29	croatia	croatia	PROPN
emaj-92	278	30	’s	’s	PART
emaj-92	278	31	debt	debt	NOUN
emaj-92	278	32	rating	rating	NOUN
emaj-92	278	33	.	.	PUNCT
emaj-92	279	1	although	although	SCONJ
emaj-92	279	2	croatian	croatian	ADJ
emaj-92	279	3	economic	economic	ADJ
emaj-92	279	4	analysts	analyst	NOUN
emaj-92	279	5	often	often	ADV
emaj-92	279	6	forecast	forecast	VERB
emaj-92	279	7	lower	low	ADJ
emaj-92	279	8	economic	economic	ADJ
emaj-92	279	9	growth	growth	NOUN
emaj-92	279	10	numbers	number	NOUN
emaj-92	279	11	than	than	ADP
emaj-92	279	12	those	those	PRON
emaj-92	279	13	anticipated	anticipate	VERB
emaj-92	279	14	by	by	ADP
emaj-92	279	15	the	the	DET
emaj-92	279	16	government	government	NOUN
emaj-92	279	17	,	,	PUNCT
emaj-92	279	18	it	it	PRON
emaj-92	279	19	was	be	AUX
emaj-92	279	20	precise	precise	ADJ
emaj-92	279	21	because	because	SCONJ
emaj-92	279	22	of	of	ADP
emaj-92	279	23	the	the	DET
emaj-92	279	24	country	country	NOUN
emaj-92	279	25	’s	’s	PART
emaj-92	279	26	expected	expect	VERB
emaj-92	279	27	entry	entry	NOUN
emaj-92	279	28	into	into	ADP
emaj-92	279	29	the	the	DET
emaj-92	279	30	european	european	PROPN
emaj-92	279	31	union	union	PROPN
emaj-92	279	32	in	in	ADP
emaj-92	279	33	2013	2013	NUM
emaj-92	279	34	that	that	SCONJ
emaj-92	279	35	experts	expert	NOUN
emaj-92	279	36	predicted	predict	VERB
emaj-92	279	37	had	have	VERB
emaj-92	279	38	higher	high	ADJ
emaj-92	279	39	gdp	gdp	NOUN
emaj-92	279	40	growth	growth	NOUN
emaj-92	279	41	in	in	ADP
emaj-92	279	42	coming	come	VERB
emaj-92	279	43	years	year	NOUN
emaj-92	279	44	(	(	PUNCT
emaj-92	279	45	bertelsmann	bertelsmann	PROPN
emaj-92	279	46	stiftung	stiftung	PROPN
emaj-92	279	47	,	,	PUNCT
emaj-92	279	48	2014	2014	NUM
emaj-92	279	49	)	)	PUNCT
emaj-92	279	50	.	.	PUNCT
emaj-92	280	1	generally	generally	ADV
emaj-92	280	2	,	,	PUNCT
emaj-92	280	3	croatia	croatia	PROPN
emaj-92	280	4	is	be	AUX
emaj-92	280	5	a	a	DET
emaj-92	280	6	small	small	ADJ
emaj-92	280	7	open	open	ADJ
emaj-92	280	8	transition	transition	NOUN
emaj-92	280	9	economy	economy	NOUN
emaj-92	280	10	which	which	PRON
emaj-92	280	11	has	have	AUX
emaj-92	280	12	been	be	AUX
emaj-92	280	13	largely	largely	ADV
emaj-92	280	14	connected	connect	VERB
emaj-92	280	15	to	to	ADP
emaj-92	280	16	other	other	ADJ
emaj-92	280	17	foreign	foreign	ADJ
emaj-92	280	18	markets	market	NOUN
emaj-92	280	19	(	(	PUNCT
emaj-92	280	20	deskan	deskan	X
emaj-92	280	21	–	–	PUNCT
emaj-92	280	22	škrbić	škrbić	NOUN
emaj-92	280	23	et	et	PROPN
emaj-92	280	24	al	al	PROPN
emaj-92	280	25	.	.	PROPN
emaj-92	280	26	,	,	PUNCT
emaj-92	280	27	2013	2013	NUM
emaj-92	280	28	)	)	PUNCT
emaj-92	280	29	.	.	PUNCT
emaj-92	281	1	currently	currently	ADV
emaj-92	281	2	,	,	PUNCT
emaj-92	281	3	germany	germany	PROPN
emaj-92	281	4	is	be	AUX
emaj-92	281	5	croatia	croatia	PROPN
emaj-92	281	6	’s	’s	PART
emaj-92	281	7	very	very	ADV
emaj-92	281	8	important	important	ADJ
emaj-92	281	9	trading	trading	NOUN
emaj-92	281	10	partner	partner	NOUN
emaj-92	281	11	and	and	CCONJ
emaj-92	281	12	ranks	rank	VERB
emaj-92	281	13	third	third	ADV
emaj-92	281	14	among	among	ADP
emaj-92	281	15	foreign	foreign	ADJ
emaj-92	281	16	direct	direct	ADJ
emaj-92	281	17	investors	investor	NOUN
emaj-92	281	18	.	.	PUNCT
emaj-92	282	1	also	also	ADV
emaj-92	282	2	,	,	PUNCT
emaj-92	282	3	austria	austria	PROPN
emaj-92	282	4	is	be	AUX
emaj-92	282	5	one	one	NUM
emaj-92	282	6	of	of	ADP
emaj-92	282	7	croatia	croatia	PROPN
emaj-92	282	8	’s	’s	PART
emaj-92	282	9	most	most	ADV
emaj-92	282	10	important	important	ADJ
emaj-92	282	11	partners	partner	NOUN
emaj-92	282	12	in	in	ADP
emaj-92	282	13	the	the	DET
emaj-92	282	14	foreign	foreign	ADJ
emaj-92	282	15	trade	trade	NOUN
emaj-92	282	16	,	,	PUNCT
emaj-92	282	17	direct	direct	ADJ
emaj-92	282	18	investments	investment	NOUN
emaj-92	282	19	,	,	PUNCT
emaj-92	282	20	tourism	tourism	NOUN
emaj-92	282	21	and	and	CCONJ
emaj-92	282	22	financial	financial	ADJ
emaj-92	282	23	-	-	PUNCT
emaj-92	282	24	banking	banking	NOUN
emaj-92	282	25	sectors	sector	NOUN
emaj-92	282	26	(	(	PUNCT
emaj-92	282	27	cbs5	cbs5	PROPN
emaj-92	282	28	,	,	PUNCT
emaj-92	282	29	2014	2014	NUM
emaj-92	282	30	)	)	PUNCT
emaj-92	282	31	.	.	PUNCT
emaj-92	283	1	according	accord	VERB
emaj-92	283	2	to	to	ADP
emaj-92	283	3	sen	sen	PROPN
emaj-92	283	4	et	et	PROPN
emaj-92	283	5	al	al	PROPN
emaj-92	283	6	.	.	PROPN
emaj-92	284	1	(	(	PUNCT
emaj-92	284	2	2014	2014	NUM
emaj-92	284	3	)	)	PUNCT
emaj-92	284	4	,	,	PUNCT
emaj-92	284	5	fdi	fdi	NOUN
emaj-92	284	6	generates	generate	VERB
emaj-92	284	7	positive	positive	ADJ
emaj-92	284	8	productivity	productivity	NOUN
emaj-92	284	9	effects	effect	NOUN
emaj-92	284	10	for	for	ADP
emaj-92	284	11	host	host	NOUN
emaj-92	284	12	countries	country	NOUN
emaj-92	284	13	.	.	PUNCT
emaj-92	285	1	the	the	DET
emaj-92	285	2	main	main	ADJ
emaj-92	285	3	mechanisms	mechanism	NOUN
emaj-92	285	4	for	for	ADP
emaj-92	285	5	these	these	DET
emaj-92	285	6	effects	effect	NOUN
emaj-92	285	7	are	be	AUX
emaj-92	285	8	the	the	DET
emaj-92	285	9	adoption	adoption	NOUN
emaj-92	285	10	of	of	ADP
emaj-92	285	11	foreign	foreign	ADJ
emaj-92	285	12	technology	technology	NOUN
emaj-92	285	13	and	and	CCONJ
emaj-92	285	14	know	know	NOUN
emaj-92	285	15	-	-	PUNCT
emaj-92	285	16	how	how	NOUN
emaj-92	285	17	,	,	PUNCT
emaj-92	285	18	products	product	NOUN
emaj-92	285	19	by	by	ADP
emaj-92	285	20	foreign	foreign	ADJ
emaj-92	285	21	firms	firm	NOUN
emaj-92	285	22	,	,	PUNCT
emaj-92	285	23	and	and	CCONJ
emaj-92	285	24	the	the	DET
emaj-92	285	25	creation	creation	NOUN
emaj-92	285	26	of	of	ADP
emaj-92	285	27	linkages	linkage	NOUN
emaj-92	285	28	between	between	ADP
emaj-92	285	29	foreign	foreign	ADJ
emaj-92	285	30	and	and	CCONJ
emaj-92	285	31	domestic	domestic	ADJ
emaj-92	285	32	firms	firm	NOUN
emaj-92	285	33	(	(	PUNCT
emaj-92	285	34	sen	sen	PROPN
emaj-92	285	35	et	et	PROPN
emaj-92	285	36	al	al	PROPN
emaj-92	285	37	.	.	PROPN
emaj-92	285	38	,	,	PUNCT
emaj-92	285	39	2014	2014	NUM
emaj-92	285	40	)	)	PUNCT
emaj-92	285	41	.	.	PUNCT
emaj-92	286	1	macroeconomic	macroeconomic	ADJ
emaj-92	286	2	stability	stability	NOUN
emaj-92	286	3	in	in	ADP
emaj-92	286	4	croatia	croatia	PROPN
emaj-92	286	5	is	be	AUX
emaj-92	286	6	under	under	ADP
emaj-92	286	7	strong	strong	ADJ
emaj-92	286	8	influence	influence	NOUN
emaj-92	286	9	of	of	ADP
emaj-92	286	10	global	global	ADJ
emaj-92	286	11	financial	financial	ADJ
emaj-92	286	12	crisis	crisis	NOUN
emaj-92	286	13	.	.	PUNCT
emaj-92	287	1	from	from	ADP
emaj-92	287	2	2009	2009	NUM
emaj-92	287	3	to	to	ADP
emaj-92	287	4	2012	2012	NUM
emaj-92	287	5	,	,	PUNCT
emaj-92	287	6	there	there	PRON
emaj-92	287	7	have	have	AUX
emaj-92	287	8	been	be	AUX
emaj-92	287	9	a	a	DET
emaj-92	287	10	11	11	NUM
emaj-92	287	11	%	%	NOUN
emaj-92	287	12	loss	loss	NOUN
emaj-92	287	13	for	for	ADP
emaj-92	287	14	the	the	DET
emaj-92	287	15	real	real	ADJ
emaj-92	287	16	gdp	gdp	NOUN
emaj-92	287	17	,	,	PUNCT
emaj-92	287	18	while	while	SCONJ
emaj-92	287	19	personal	personal	ADJ
emaj-92	287	20	consumption	consumption	NOUN
emaj-92	287	21	is	be	AUX
emaj-92	287	22	reduced	reduce	VERB
emaj-92	287	23	for	for	ADP
emaj-92	287	24	35	35	NUM
emaj-92	287	25	%	%	NOUN
emaj-92	287	26	,	,	PUNCT
emaj-92	287	27	and	and	CCONJ
emaj-92	287	28	investments	investment	NOUN
emaj-92	287	29	is	be	AUX
emaj-92	287	30	down	down	ADV
emaj-92	287	31	for	for	ADP
emaj-92	287	32	11	11	NUM
emaj-92	287	33	%	%	NOUN
emaj-92	287	34	.	.	PUNCT
emaj-92	288	1	thus	thus	ADV
emaj-92	288	2	,	,	PUNCT
emaj-92	288	3	poor	poor	ADJ
emaj-92	288	4	results	result	NOUN
emaj-92	288	5	of	of	ADP
emaj-92	288	6	the	the	DET
emaj-92	288	7	croatian	croatian	ADJ
emaj-92	288	8	economy	economy	NOUN
emaj-92	288	9	in	in	ADP
emaj-92	288	10	the	the	DET
emaj-92	288	11	period	period	NOUN
emaj-92	288	12	from	from	ADP
emaj-92	288	13	2008	2008	NUM
emaj-92	288	14	to	to	ADP
emaj-92	288	15	2013	2013	NUM
emaj-92	288	16	generated	generate	VERB
emaj-92	288	17	increase	increase	NOUN
emaj-92	288	18	in	in	ADP
emaj-92	288	19	unemployment	unemployment	NOUN
emaj-92	288	20	and	and	CCONJ
emaj-92	288	21	government	government	NOUN
emaj-92	288	22	debt	debt	NOUN
emaj-92	288	23	(	(	PUNCT
emaj-92	288	24	alpeza	alpeza	INTJ
emaj-92	288	25	et	et	PROPN
emaj-92	288	26	al	al	PROPN
emaj-92	288	27	.	.	PROPN
emaj-92	288	28	,	,	PUNCT
emaj-92	288	29	2014	2014	NUM
emaj-92	288	30	)	)	PUNCT
emaj-92	288	31	.	.	PUNCT
emaj-92	289	1	5	5	X
emaj-92	289	2	.	.	X
emaj-92	289	3	methodology	methodology	NOUN
emaj-92	289	4	and	and	CCONJ
emaj-92	289	5	data	datum	NOUN
emaj-92	289	6	5.1	5.1	NUM
emaj-92	289	7	.	.	PUNCT
emaj-92	290	1	data	datum	NOUN
emaj-92	290	2	specification	specification	NOUN
emaj-92	290	3	based	base	VERB
emaj-92	290	4	on	on	ADP
emaj-92	290	5	the	the	DET
emaj-92	290	6	studies	study	NOUN
emaj-92	290	7	investigating	investigate	VERB
emaj-92	290	8	the	the	DET
emaj-92	290	9	correlation	correlation	NOUN
emaj-92	290	10	of	of	ADP
emaj-92	290	11	stock	stock	NOUN
emaj-92	290	12	market	market	NOUN
emaj-92	290	13	indices	index	NOUN
emaj-92	290	14	and	and	CCONJ
emaj-92	290	15	macro	macro	ADJ
emaj-92	290	16	economic	economic	ADJ
emaj-92	290	17	variables	variable	NOUN
emaj-92	290	18	in	in	ADP
emaj-92	290	19	empirical	empirical	ADJ
emaj-92	290	20	literature	literature	NOUN
emaj-92	290	21	,	,	PUNCT
emaj-92	290	22	we	we	PRON
emaj-92	290	23	constructed	construct	VERB
emaj-92	290	24	a	a	DET
emaj-92	290	25	data	data	NOUN
emaj-92	290	26	set	set	VERB
emaj-92	290	27	of	of	ADP
emaj-92	290	28	explanatory	explanatory	ADJ
emaj-92	290	29	variables	variable	NOUN
emaj-92	290	30	that	that	PRON
emaj-92	290	31	are	be	AUX
emaj-92	290	32	usually	usually	ADV
emaj-92	290	33	included	include	VERB
emaj-92	290	34	in	in	ADP
emaj-92	290	35	models	model	NOUN
emaj-92	290	36	:	:	PUNCT
emaj-92	290	37	cap	cap	NOUN
emaj-92	290	38	:	:	PUNCT
emaj-92	290	39	capital	capital	NOUN
emaj-92	290	40	inflow	inflow	NOUN
emaj-92	290	41	expressed	express	VERB
emaj-92	290	42	in	in	ADP
emaj-92	290	43	percentage	percentage	NOUN
emaj-92	290	44	of	of	ADP
emaj-92	290	45	gdp	gdp	NOUN
emaj-92	290	46	;	;	PUNCT
emaj-92	290	47	exr	exr	PROPN
emaj-92	290	48	:	:	PUNCT
emaj-92	290	49	exchange	exchange	NOUN
emaj-92	290	50	rate	rate	NOUN
emaj-92	290	51	expressed	express	VERB
emaj-92	290	52	as	as	ADP
emaj-92	290	53	the	the	DET
emaj-92	290	54	price	price	NOUN
emaj-92	290	55	of	of	ADP
emaj-92	290	56	one	one	NUM
emaj-92	290	57	5	5	NUM
emaj-92	290	58	croatian	croatian	PROPN
emaj-92	290	59	bureau	bureau	PROPN
emaj-92	290	60	of	of	ADP
emaj-92	290	61	statistics	statistics	PROPN
emaj-92	290	62	volume	volume	VERB
emaj-92	290	63	6	6	NUM
emaj-92	290	64	no	no	DET
emaj-92	290	65	1	1	NUM
emaj-92	290	66	(	(	PUNCT
emaj-92	290	67	2016	2016	NUM
emaj-92	290	68	)	)	PUNCT
emaj-92	290	69	|	|	ADV
emaj-92	290	70	issn	issn	VERB
emaj-92	290	71	2158	2158	NUM
emaj-92	290	72	-	-	SYM
emaj-92	290	73	8708	8708	NUM
emaj-92	290	74	(	(	PUNCT
emaj-92	290	75	online	online	NOUN
emaj-92	290	76	)	)	PUNCT
emaj-92	290	77	|	|	ADV
emaj-92	290	78	doi	doi	X
emaj-92	290	79	10.5195	10.5195	NUM
emaj-92	290	80	/	/	SYM
emaj-92	290	81	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	290	82	|	|	ADV
emaj-92	290	83	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-92	290	84	anita	anita	PROPN
emaj-92	290	85	radman	radman	PROPN
emaj-92	290	86	peša	peša	PROPN
emaj-92	290	87	,	,	PUNCT
emaj-92	290	88	ana	ana	PROPN
emaj-92	290	89	brajković	brajković	NOUN
emaj-92	290	90	emerging	emerge	VERB
emaj-92	290	91	markets	market	NOUN
emaj-92	290	92	journal	journal	NOUN
emaj-92	291	1	|	|	ADV
emaj-92	291	2	p	p	NOUN
emaj-92	291	3	a	a	DET
emaj-92	291	4	g	g	PROPN
emaj-92	291	5	e	e	PROPN
emaj-92	291	6	|9	|9	X
emaj-92	291	7	unit	unit	NOUN
emaj-92	291	8	of	of	ADP
emaj-92	291	9	foreign	foreign	ADJ
emaj-92	291	10	currency	currency	NOUN
emaj-92	291	11	in	in	ADP
emaj-92	291	12	units	unit	NOUN
emaj-92	291	13	of	of	ADP
emaj-92	291	14	domestic	domestic	ADJ
emaj-92	291	15	currency	currency	NOUN
emaj-92	291	16	;	;	PUNCT
emaj-92	291	17	int	int	NOUN
emaj-92	291	18	interest	interest	NOUN
emaj-92	291	19	rate	rate	NOUN
emaj-92	291	20	,	,	PUNCT
emaj-92	291	21	cpi	cpi	PROPN
emaj-92	291	22	:	:	PUNCT
emaj-92	291	23	in	in	ADP
emaj-92	291	24	bnp	bnp	PROPN
emaj-92	291	25	of	of	ADP
emaj-92	291	26	domestic	domestic	ADJ
emaj-92	291	27	currency	currency	NOUN
emaj-92	291	28	deflated	deflate	VERB
emaj-92	291	29	by	by	ADP
emaj-92	291	30	gdp	gdp	PROPN
emaj-92	291	31	deflator	deflator	NOUN
emaj-92	291	32	;	;	PUNCT
emaj-92	291	33	une	une	PROPN
emaj-92	291	34	:	:	PUNCT
emaj-92	291	35	unemployment	unemployment	NOUN
emaj-92	291	36	expressed	express	VERB
emaj-92	291	37	in	in	ADP
emaj-92	291	38	percentage	percentage	NOUN
emaj-92	291	39	of	of	ADP
emaj-92	291	40	the	the	DET
emaj-92	291	41	total	total	ADJ
emaj-92	291	42	labor	labor	NOUN
emaj-92	291	43	force	force	NOUN
emaj-92	291	44	,	,	PUNCT
emaj-92	291	45	npl	npl	PROPN
emaj-92	291	46	:	:	PUNCT
emaj-92	291	47	non	non	ADJ
emaj-92	291	48	performing	perform	VERB
emaj-92	291	49	loanshare	loanshare	NOUN
emaj-92	291	50	of	of	ADP
emaj-92	291	51	all	all	DET
emaj-92	291	52	nominal	nominal	ADJ
emaj-92	291	53	loans	loan	NOUN
emaj-92	291	54	that	that	PRON
emaj-92	291	55	are	be	AUX
emaj-92	291	56	at	at	ADV
emaj-92	291	57	least	least	ADV
emaj-92	291	58	90	90	NUM
emaj-92	291	59	days	day	NOUN
emaj-92	291	60	overdue	overdue	ADJ
emaj-92	291	61	;	;	PUNCT
emaj-92	291	62	we	we	PRON
emaj-92	291	63	relied	rely	VERB
emaj-92	291	64	on	on	ADP
emaj-92	291	65	the	the	DET
emaj-92	291	66	database	database	NOUN
emaj-92	291	67	of	of	ADP
emaj-92	291	68	the	the	DET
emaj-92	291	69	european	european	PROPN
emaj-92	291	70	commission	commission	PROPN
emaj-92	291	71	(	(	PUNCT
emaj-92	291	72	2010)6	2010)6	NUM
emaj-92	291	73	,	,	PUNCT
emaj-92	291	74	and	and	CCONJ
emaj-92	291	75	on	on	ADP
emaj-92	291	76	the	the	DET
emaj-92	291	77	databases	database	NOUN
emaj-92	291	78	of	of	ADP
emaj-92	291	79	the	the	DET
emaj-92	291	80	national	national	ADJ
emaj-92	291	81	statistical	statistical	ADJ
emaj-92	291	82	bureau	bureau	NOUN
emaj-92	291	83	.	.	PUNCT
emaj-92	292	1	we	we	PRON
emaj-92	292	2	examined	examine	VERB
emaj-92	292	3	thirteen	thirteen	NUM
emaj-92	292	4	-	-	PUNCT
emaj-92	292	5	year	year	NOUN
emaj-92	292	6	transitional	transitional	ADJ
emaj-92	292	7	period	period	NOUN
emaj-92	292	8	of	of	ADP
emaj-92	292	9	research	research	NOUN
emaj-92	292	10	–	–	PUNCT
emaj-92	292	11	a	a	DET
emaj-92	292	12	monthly	monthly	ADJ
emaj-92	292	13	time	time	NOUN
emaj-92	292	14	series	series	NOUN
emaj-92	292	15	from	from	ADP
emaj-92	292	16	january	january	PROPN
emaj-92	292	17	2000	2000	NUM
emaj-92	292	18	to	to	ADP
emaj-92	292	19	december	december	PROPN
emaj-92	292	20	2013	2013	NUM
emaj-92	292	21	.	.	PUNCT
emaj-92	293	1	for	for	ADP
emaj-92	293	2	crobex	crobex	NOUN
emaj-92	293	3	,	,	PUNCT
emaj-92	293	4	we	we	PRON
emaj-92	293	5	also	also	ADV
emaj-92	293	6	used	use	VERB
emaj-92	293	7	the	the	DET
emaj-92	293	8	monthly	monthly	ADJ
emaj-92	293	9	average	average	ADJ
emaj-92	293	10	indices	index	NOUN
emaj-92	293	11	from	from	ADP
emaj-92	293	12	january	january	PROPN
emaj-92	293	13	2000	2000	NUM
emaj-92	293	14	to	to	ADP
emaj-92	293	15	december	december	PROPN
emaj-92	293	16	2013	2013	NUM
emaj-92	293	17	.	.	PUNCT
emaj-92	294	1	5.2	5.2	NUM
emaj-92	294	2	.	.	PUNCT
emaj-92	294	3	methodology	methodology	NOUN
emaj-92	294	4	the	the	DET
emaj-92	294	5	individual	individual	ADJ
emaj-92	294	6	ordinary	ordinary	ADJ
emaj-92	294	7	least	least	ADJ
emaj-92	294	8	square	square	ADJ
emaj-92	294	9	(	(	PUNCT
emaj-92	294	10	ols	ol	NOUN
emaj-92	294	11	)	)	PUNCT
emaj-92	294	12	method	method	NOUN
emaj-92	294	13	was	be	AUX
emaj-92	294	14	used	use	VERB
emaj-92	294	15	to	to	PART
emaj-92	294	16	uncover	uncover	VERB
emaj-92	294	17	empirical	empirical	ADJ
emaj-92	294	18	evidence	evidence	NOUN
emaj-92	294	19	of	of	ADP
emaj-92	294	20	a	a	DET
emaj-92	294	21	relationship	relationship	NOUN
emaj-92	294	22	between	between	ADP
emaj-92	294	23	stock	stock	NOUN
emaj-92	294	24	return	return	NOUN
emaj-92	294	25	indices	index	NOUN
emaj-92	294	26	and	and	CCONJ
emaj-92	294	27	economic	economic	ADJ
emaj-92	294	28	variables	variable	NOUN
emaj-92	294	29	of	of	ADP
emaj-92	294	30	croatia	croatia	PROPN
emaj-92	294	31	.	.	PUNCT
emaj-92	295	1	an	an	DET
emaj-92	295	2	ols	ol	NOUN
emaj-92	295	3	estimation	estimation	NOUN
emaj-92	295	4	was	be	AUX
emaj-92	295	5	applied	apply	VERB
emaj-92	295	6	for	for	ADP
emaj-92	295	7	the	the	DET
emaj-92	295	8	procyclicality	procyclicality	NOUN
emaj-92	295	9	of	of	ADP
emaj-92	295	10	croatian	croatian	ADJ
emaj-92	295	11	stock	stock	NOUN
emaj-92	295	12	markets	market	NOUN
emaj-92	295	13	through	through	ADP
emaj-92	295	14	the	the	DET
emaj-92	295	15	ten	ten	NUM
emaj-92	295	16	-	-	PUNCT
emaj-92	295	17	year	year	NOUN
emaj-92	295	18	period	period	NOUN
emaj-92	295	19	of	of	ADP
emaj-92	295	20	historical	historical	ADJ
emaj-92	295	21	data	datum	NOUN
emaj-92	295	22	(	(	PUNCT
emaj-92	295	23	main	main	ADJ
emaj-92	295	24	economic	economic	ADJ
emaj-92	295	25	indicators	indicator	NOUN
emaj-92	295	26	and	and	CCONJ
emaj-92	295	27	crobex	crobex	ADJ
emaj-92	295	28	stock	stock	NOUN
emaj-92	295	29	price	price	NOUN
emaj-92	295	30	(	(	PUNCT
emaj-92	295	31	closing	closing	NOUN
emaj-92	295	32	)	)	PUNCT
emaj-92	295	33	,	,	PUNCT
emaj-92	295	34	on	on	ADP
emaj-92	295	35	monthly	monthly	ADJ
emaj-92	295	36	bases	basis	NOUN
emaj-92	295	37	from	from	ADP
emaj-92	295	38	january	january	PROPN
emaj-92	295	39	2000	2000	NUM
emaj-92	295	40	to	to	ADP
emaj-92	295	41	december	december	PROPN
emaj-92	295	42	2013	2013	NUM
emaj-92	295	43	,	,	PUNCT
emaj-92	295	44	in	in	ADP
emaj-92	295	45	order	order	NOUN
emaj-92	295	46	to	to	PART
emaj-92	295	47	find	find	VERB
emaj-92	295	48	the	the	DET
emaj-92	295	49	structural	structural	ADJ
emaj-92	295	50	break	break	NOUN
emaj-92	295	51	when	when	SCONJ
emaj-92	295	52	the	the	DET
emaj-92	295	53	analyzed	analyze	VERB
emaj-92	295	54	cycles	cycle	NOUN
emaj-92	295	55	started	start	VERB
emaj-92	295	56	to	to	PART
emaj-92	295	57	accelerate	accelerate	VERB
emaj-92	295	58	by	by	ADP
emaj-92	295	59	using	use	VERB
emaj-92	295	60	a	a	DET
emaj-92	295	61	chow	chow	NOUN
emaj-92	295	62	stability	stability	NOUN
emaj-92	295	63	test	test	NOUN
emaj-92	295	64	(	(	PUNCT
emaj-92	295	65	andrews	andrews	PROPN
emaj-92	295	66	1993	1993	NUM
emaj-92	295	67	and	and	CCONJ
emaj-92	295	68	hansen	hansen	NOUN
emaj-92	295	69	1997	1997	NUM
emaj-92	295	70	)	)	PUNCT
emaj-92	295	71	.	.	PUNCT
emaj-92	296	1	the	the	DET
emaj-92	296	2	period	period	NOUN
emaj-92	296	3	from	from	ADP
emaj-92	296	4	2000	2000	NUM
emaj-92	296	5	to	to	ADP
emaj-92	296	6	2013	2013	NUM
emaj-92	296	7	was	be	AUX
emaj-92	296	8	divided	divide	VERB
emaj-92	296	9	into	into	ADP
emaj-92	296	10	two	two	NUM
emaj-92	296	11	sub	sub	NOUN
emaj-92	296	12	-	-	NOUN
emaj-92	296	13	periods	period	NOUN
emaj-92	296	14	.	.	PUNCT
emaj-92	297	1	the	the	DET
emaj-92	297	2	first	first	ADJ
emaj-92	297	3	period	period	NOUN
emaj-92	297	4	between	between	ADP
emaj-92	297	5	january	january	PROPN
emaj-92	297	6	2000	2000	NUM
emaj-92	297	7	and	and	CCONJ
emaj-92	297	8	june	june	PROPN
emaj-92	297	9	2009	2009	NUM
emaj-92	297	10	was	be	AUX
emaj-92	297	11	the	the	DET
emaj-92	297	12	period	period	NOUN
emaj-92	297	13	before	before	ADP
emaj-92	297	14	the	the	DET
emaj-92	297	15	resignation	resignation	NOUN
emaj-92	297	16	of	of	ADP
emaj-92	297	17	croatian	croatian	PROPN
emaj-92	297	18	ex	ex	PROPN
emaj-92	297	19	-	-	PROPN
emaj-92	297	20	vice	vice	ADJ
emaj-92	297	21	premier	premier	NOUN
emaj-92	297	22	sanader	sanader	NOUN
emaj-92	297	23	.	.	PUNCT
emaj-92	298	1	the	the	DET
emaj-92	298	2	second	second	ADJ
emaj-92	298	3	period	period	NOUN
emaj-92	298	4	from	from	ADP
emaj-92	298	5	july	july	PROPN
emaj-92	298	6	2009	2009	NUM
emaj-92	298	7	to	to	ADP
emaj-92	298	8	december	december	PROPN
emaj-92	298	9	2013	2013	NUM
emaj-92	298	10	was	be	AUX
emaj-92	298	11	the	the	DET
emaj-92	298	12	period	period	NOUN
emaj-92	298	13	after	after	ADP
emaj-92	298	14	the	the	DET
emaj-92	298	15	sanader	sanader	NOUN
emaj-92	298	16	’s	’s	PART
emaj-92	298	17	resignation	resignation	NOUN
emaj-92	298	18	.	.	PUNCT
emaj-92	299	1	we	we	PRON
emaj-92	299	2	included	include	VERB
emaj-92	299	3	the	the	DET
emaj-92	299	4	structural	structural	ADJ
emaj-92	299	5	break	break	NOUN
emaj-92	299	6	in	in	ADP
emaj-92	299	7	july	july	PROPN
emaj-92	299	8	2009	2009	NUM
emaj-92	299	9	which	which	PRON
emaj-92	299	10	marks	mark	VERB
emaj-92	299	11	the	the	DET
emaj-92	299	12	resignation	resignation	NOUN
emaj-92	299	13	.	.	PUNCT
emaj-92	300	1	before	before	ADP
emaj-92	300	2	applying	apply	VERB
emaj-92	300	3	linear	linear	NOUN
emaj-92	300	4	regression	regression	NOUN
emaj-92	300	5	methods	method	NOUN
emaj-92	300	6	,	,	PUNCT
emaj-92	300	7	we	we	PRON
emaj-92	300	8	eliminated	eliminate	VERB
emaj-92	300	9	the	the	DET
emaj-92	300	10	overly	overly	ADV
emaj-92	300	11	correlated	correlate	VERB
emaj-92	300	12	explanatory	explanatory	ADJ
emaj-92	300	13	variables	variable	NOUN
emaj-92	300	14	(	(	PUNCT
emaj-92	300	15	appendix	appendix	X
emaj-92	300	16	,	,	PUNCT
emaj-92	300	17	table	table	NOUN
emaj-92	300	18	a	a	NOUN
emaj-92	300	19	)	)	PUNCT
emaj-92	300	20	.	.	PUNCT
emaj-92	301	1	we	we	PRON
emaj-92	301	2	also	also	ADV
emaj-92	301	3	collected	collect	VERB
emaj-92	301	4	variables	variable	NOUN
emaj-92	301	5	such	such	ADJ
emaj-92	301	6	as	as	ADP
emaj-92	301	7	exports	export	NOUN
emaj-92	301	8	and	and	CCONJ
emaj-92	301	9	imports	import	NOUN
emaj-92	301	10	of	of	ADP
emaj-92	301	11	goods	good	NOUN
emaj-92	301	12	and	and	CCONJ
emaj-92	301	13	services	service	NOUN
emaj-92	301	14	,	,	PUNCT
emaj-92	301	15	as	as	ADV
emaj-92	301	16	well	well	ADV
emaj-92	301	17	as	as	ADP
emaj-92	301	18	trade	trade	NOUN
emaj-92	301	19	balance	balance	NOUN
emaj-92	301	20	and	and	CCONJ
emaj-92	301	21	gdp	gdp	NOUN
emaj-92	301	22	,	,	PUNCT
emaj-92	301	23	but	but	CCONJ
emaj-92	301	24	we	we	PRON
emaj-92	301	25	eliminated	eliminate	VERB
emaj-92	301	26	them	they	PRON
emaj-92	301	27	in	in	ADP
emaj-92	301	28	further	further	ADJ
emaj-92	301	29	analysis	analysis	NOUN
emaj-92	301	30	because	because	SCONJ
emaj-92	301	31	they	they	PRON
emaj-92	301	32	were	be	AUX
emaj-92	301	33	highly	highly	ADV
emaj-92	301	34	correlated	correlate	VERB
emaj-92	301	35	.	.	PUNCT
emaj-92	302	1	trade	trade	NOUN
emaj-92	302	2	variables	variable	NOUN
emaj-92	302	3	are	be	AUX
emaj-92	302	4	known	know	VERB
emaj-92	302	5	to	to	PART
emaj-92	302	6	be	be	AUX
emaj-92	302	7	highly	highly	ADV
emaj-92	302	8	correlated	correlate	VERB
emaj-92	302	9	and	and	CCONJ
emaj-92	302	10	gdp	gdp	NOUN
emaj-92	302	11	is	be	AUX
emaj-92	302	12	connected	connect	VERB
emaj-92	302	13	to	to	ADP
emaj-92	302	14	a	a	DET
emaj-92	302	15	whole	whole	ADJ
emaj-92	302	16	range	range	NOUN
emaj-92	302	17	of	of	ADP
emaj-92	302	18	macroeconomic	macroeconomic	ADJ
emaj-92	302	19	activities	activity	NOUN
emaj-92	302	20	(	(	PUNCT
emaj-92	302	21	aizenman	aizenman	NOUN
emaj-92	302	22	and	and	CCONJ
emaj-92	302	23	noy	noy	NOUN
emaj-92	302	24	2005	2005	NUM
emaj-92	302	25	)	)	PUNCT
emaj-92	302	26	.	.	PUNCT
emaj-92	303	1	all	all	DET
emaj-92	303	2	variables	variable	NOUN
emaj-92	303	3	were	be	AUX
emaj-92	303	4	seasonally	seasonally	ADV
emaj-92	303	5	adjusted	adjust	VERB
emaj-92	303	6	through	through	ADP
emaj-92	303	7	the	the	DET
emaj-92	303	8	seasonal	seasonal	ADJ
emaj-92	303	9	adjustment	adjustment	NOUN
emaj-92	303	10	method	method	NOUN
emaj-92	303	11	(	(	PUNCT
emaj-92	303	12	eviews	eviews	PROPN
emaj-92	303	13	7	7	NUM
emaj-92	303	14	)	)	PUNCT
emaj-92	303	15	on	on	ADP
emaj-92	303	16	the	the	DET
emaj-92	303	17	basis	basis	NOUN
emaj-92	303	18	of	of	ADP
emaj-92	303	19	2000	2000	NUM
emaj-92	303	20	-	-	SYM
emaj-92	303	21	2013	2013	NUM
emaj-92	303	22	monthly	monthly	ADJ
emaj-92	303	23	data	datum	NOUN
emaj-92	303	24	of	of	ADP
emaj-92	303	25	croatia	croatia	PROPN
emaj-92	303	26	’s	’s	PART
emaj-92	303	27	regression	regression	NOUN
emaj-92	303	28	.	.	PUNCT
emaj-92	304	1	we	we	PRON
emaj-92	304	2	used	use	VERB
emaj-92	304	3	the	the	DET
emaj-92	304	4	augmented	augment	VERB
emaj-92	304	5	dickey	dickey	NOUN
emaj-92	304	6	-	-	PUNCT
emaj-92	304	7	fuller	full	ADJ
emaj-92	304	8	(	(	PUNCT
emaj-92	304	9	1979	1979	NUM
emaj-92	304	10	)	)	PUNCT
emaj-92	304	11	test	test	NOUN
emaj-92	304	12	to	to	PART
emaj-92	304	13	examine	examine	VERB
emaj-92	304	14	a	a	DET
emaj-92	304	15	series	series	NOUN
emaj-92	304	16	for	for	ADP
emaj-92	304	17	the	the	DET
emaj-92	304	18	presence	presence	NOUN
emaj-92	304	19	of	of	ADP
emaj-92	304	20	a	a	DET
emaj-92	304	21	unit	unit	NOUN
emaj-92	304	22	root	root	NOUN
emaj-92	304	23	.	.	PUNCT
emaj-92	305	1	according	accord	VERB
emaj-92	305	2	to	to	ADP
emaj-92	305	3	test	test	NOUN
emaj-92	305	4	results	result	NOUN
emaj-92	305	5	,	,	PUNCT
emaj-92	305	6	all	all	DET
emaj-92	305	7	variables	variable	NOUN
emaj-92	305	8	are	be	AUX
emaj-92	305	9	stationary	stationary	ADJ
emaj-92	305	10	in	in	ADP
emaj-92	305	11	the	the	DET
emaj-92	305	12	form	form	NOUN
emaj-92	305	13	dlog	dlog	NOUN
emaj-92	305	14	(	(	PUNCT
emaj-92	305	15	x	x	NOUN
emaj-92	305	16	)	)	PUNCT
emaj-92	305	17	i.e.	i.e.	X
emaj-92	305	18	variables	variable	NOUN
emaj-92	305	19	were	be	AUX
emaj-92	305	20	integrated	integrate	VERB
emaj-92	305	21	of	of	ADP
emaj-92	305	22	order	order	NOUN
emaj-92	305	23	1	1	NUM
emaj-92	305	24	(	(	PUNCT
emaj-92	305	25	table	table	NOUN
emaj-92	305	26	1	1	NUM
emaj-92	305	27	)	)	PUNCT
emaj-92	305	28	(	(	PUNCT
emaj-92	305	29	dickey	dickey	NOUN
emaj-92	305	30	and	and	CCONJ
emaj-92	305	31	fuller	full	ADJ
emaj-92	305	32	1979	1979	NUM
emaj-92	305	33	,	,	PUNCT
emaj-92	305	34	esaka	esaka	ADV
emaj-92	305	35	2003	2003	NUM
emaj-92	305	36	)	)	PUNCT
emaj-92	305	37	.	.	PUNCT
emaj-92	306	1	6source	6source	X
emaj-92	306	2	:	:	PUNCT
emaj-92	306	3	http://ec.europa.eu	http://ec.europa.eu	NUM
emaj-92	306	4	/	/	SYM
emaj-92	306	5	economy_finance	economy_finance	NOUN
emaj-92	306	6	/	/	SYM
emaj-92	306	7	db_indicat	db_indicat	ADJ
emaj-92	306	8	ors	or	NOUN
emaj-92	306	9	/	/	SYM
emaj-92	306	10	cpaceq	cpaceq	PROPN
emaj-92	306	11	/	/	SYM
emaj-92	306	12	index_en.htm	index_en.htm	PROPN
emaj-92	306	13	(	(	PUNCT
emaj-92	306	14	2010	2010	NUM
emaj-92	306	15	)	)	PUNCT
emaj-92	306	16	.	.	PUNCT
emaj-92	307	1	table	table	NOUN
emaj-92	307	2	1	1	NUM
emaj-92	307	3	:	:	PUNCT
emaj-92	307	4	the	the	DET
emaj-92	307	5	stacionarity	stacionarity	NOUN
emaj-92	307	6	(	(	PUNCT
emaj-92	307	7	augmented	augment	VERB
emaj-92	307	8	dickey	dickey	NOUN
emaj-92	307	9	-	-	PUNCT
emaj-92	307	10	fuller	full	ADJ
emaj-92	307	11	)	)	PUNCT
emaj-92	307	12	variable	variable	ADJ
emaj-92	307	13	level	level	NOUN
emaj-92	307	14	dlog(x	dlog(x	NOUN
emaj-92	307	15	)	)	PUNCT
emaj-92	307	16	capital	capital	NOUN
emaj-92	307	17	inflow	inflow	NOUN
emaj-92	307	18	-1.987277	-1.987277	NOUN
emaj-92	307	19	(	(	PUNCT
emaj-92	307	20	0.2923	0.2923	NUM
emaj-92	307	21	)	)	PUNCT
emaj-92	307	22	-12.81857	-12.81857	PUNCT
emaj-92	307	23	(	(	PUNCT
emaj-92	307	24	0.0000	0.0000	NUM
emaj-92	307	25	)	)	PUNCT
emaj-92	307	26	exchange	exchange	NOUN
emaj-92	307	27	rate	rate	NOUN
emaj-92	307	28	-0.103444	-0.103444	NOUN
emaj-92	307	29	(	(	PUNCT
emaj-92	307	30	0.9462	0.9462	NUM
emaj-92	307	31	)	)	PUNCT
emaj-92	307	32	-11.61809	-11.61809	PUNCT
emaj-92	307	33	(	(	PUNCT
emaj-92	307	34	0.0000	0.0000	NUM
emaj-92	307	35	)	)	PUNCT
emaj-92	307	36	gdp	gdp	NOUN
emaj-92	307	37	-1.435608	-1.435608	NOUN
emaj-92	307	38	(	(	PUNCT
emaj-92	307	39	0.5637	0.5637	NUM
emaj-92	307	40	)	)	PUNCT
emaj-92	307	41	-12.81589	-12.81589	PUNCT
emaj-92	307	42	(	(	PUNCT
emaj-92	307	43	0.0000	0.0000	NUM
emaj-92	307	44	)	)	PUNCT
emaj-92	307	45	government	government	NOUN
emaj-92	307	46	debt	debt	NOUN
emaj-92	307	47	0.041906	0.041906	NUM
emaj-92	307	48	(	(	PUNCT
emaj-92	307	49	09601	09601	NUM
emaj-92	307	50	)	)	PUNCT
emaj-92	307	51	-1.039897	-1.039897	NOUN
emaj-92	307	52	(	(	PUNCT
emaj-92	307	53	0.0000	0.0000	NUM
emaj-92	307	54	)	)	PUNCT
emaj-92	307	55	industrial	industrial	ADJ
emaj-92	307	56	production	production	NOUN
emaj-92	307	57	index	index	NOUN
emaj-92	307	58	-1.766906	-1.766906	NOUN
emaj-92	307	59	(	(	PUNCT
emaj-92	307	60	0.3959	0.3959	NUM
emaj-92	307	61	)	)	PUNCT
emaj-92	307	62	-12.81373	-12.81373	PUNCT
emaj-92	307	63	(	(	PUNCT
emaj-92	307	64	0.0000	0.0000	NUM
emaj-92	307	65	)	)	PUNCT
emaj-92	307	66	interest	interest	NOUN
emaj-92	307	67	rate	rate	NOUN
emaj-92	307	68	-2.793340	-2.793340	PROPN
emaj-92	307	69	(	(	PUNCT
emaj-92	307	70	0.0614	0.0614	NUM
emaj-92	307	71	)	)	PUNCT
emaj-92	307	72	-12.82575	-12.82575	PUNCT
emaj-92	307	73	(	(	PUNCT
emaj-92	307	74	0.0000	0.0000	NUM
emaj-92	307	75	)	)	PUNCT
emaj-92	307	76	cpi	cpi	PROPN
emaj-92	307	77	-2.448295	-2.448295	PROPN
emaj-92	308	1	(	(	PUNCT
emaj-92	308	2	0.1303	0.1303	NUM
emaj-92	308	3	)	)	PUNCT
emaj-92	308	4	-12.81967	-12.81967	PUNCT
emaj-92	308	5	(	(	PUNCT
emaj-92	308	6	0.0000	0.0000	NUM
emaj-92	308	7	)	)	PUNCT
emaj-92	308	8	trade	trade	NOUN
emaj-92	308	9	balance	balance	NOUN
emaj-92	308	10	-3.448841	-3.448841	PUNCT
emaj-92	308	11	(	(	PUNCT
emaj-92	308	12	0.0107	0.0107	NUM
emaj-92	308	13	)	)	PUNCT
emaj-92	308	14	-8.647871	-8.647871	PROPN
emaj-92	309	1	(	(	PUNCT
emaj-92	309	2	0.0000	0.0000	NUM
emaj-92	309	3	)	)	PUNCT
emaj-92	309	4	unemployment	unemployment	NOUN
emaj-92	309	5	-1.361674	-1.361674	NOUN
emaj-92	309	6	(	(	PUNCT
emaj-92	309	7	0.5999	0.5999	NUM
emaj-92	309	8	)	)	PUNCT
emaj-92	309	9	-12.82600	-12.82600	PUNCT
emaj-92	309	10	(	(	PUNCT
emaj-92	309	11	0.0000	0.0000	NUM
emaj-92	309	12	)	)	PUNCT
emaj-92	309	13	to	to	PART
emaj-92	309	14	determine	determine	VERB
emaj-92	309	15	the	the	DET
emaj-92	309	16	lag	lag	NOUN
emaj-92	309	17	length	length	NOUN
emaj-92	309	18	,	,	PUNCT
emaj-92	309	19	we	we	PRON
emaj-92	309	20	used	use	VERB
emaj-92	309	21	the	the	DET
emaj-92	309	22	schwarz	schwarz	PROPN
emaj-92	309	23	information	information	NOUN
emaj-92	309	24	criterion	criterion	NOUN
emaj-92	309	25	because	because	SCONJ
emaj-92	309	26	the	the	DET
emaj-92	309	27	schwarz	schwarz	PROPN
emaj-92	309	28	criterion	criterion	NOUN
emaj-92	309	29	and	and	CCONJ
emaj-92	309	30	its	its	PRON
emaj-92	309	31	parsimonious	parsimonious	ADJ
emaj-92	309	32	model	model	NOUN
emaj-92	309	33	perform	perform	VERB
emaj-92	309	34	better	well	ADV
emaj-92	309	35	over	over	ADP
emaj-92	309	36	a	a	DET
emaj-92	309	37	longer	long	ADJ
emaj-92	309	38	period	period	NOUN
emaj-92	309	39	of	of	ADP
emaj-92	309	40	research	research	NOUN
emaj-92	309	41	(	(	PUNCT
emaj-92	309	42	ashgar	ashgar	NOUN
emaj-92	309	43	and	and	CCONJ
emaj-92	309	44	abid	abid	PROPN
emaj-92	309	45	2007	2007	NUM
emaj-92	309	46	)	)	PUNCT
emaj-92	309	47	as	as	ADV
emaj-92	309	48	well	well	ADV
emaj-92	309	49	as	as	ADP
emaj-92	309	50	the	the	DET
emaj-92	309	51	akaike	akaike	ADJ
emaj-92	309	52	and	and	CCONJ
emaj-92	309	53	hannan	hannan	PROPN
emaj-92	309	54	-	-	PUNCT
emaj-92	309	55	quinn	quinn	PROPN
emaj-92	309	56	information	information	NOUN
emaj-92	309	57	criterion	criterion	NOUN
emaj-92	309	58	(	(	PUNCT
emaj-92	309	59	akaike	akaike	ADJ
emaj-92	309	60	1987	1987	NUM
emaj-92	309	61	)	)	PUNCT
emaj-92	309	62	.	.	PUNCT
emaj-92	310	1	a	a	DET
emaj-92	310	2	maximum	maximum	NOUN
emaj-92	310	3	of	of	ADP
emaj-92	310	4	twelve	twelve	NUM
emaj-92	310	5	lags	lag	NOUN
emaj-92	310	6	was	be	AUX
emaj-92	310	7	considered	consider	VERB
emaj-92	310	8	for	for	ADP
emaj-92	310	9	each	each	DET
emaj-92	310	10	variable	variable	NOUN
emaj-92	310	11	when	when	SCONJ
emaj-92	310	12	determining	determine	VERB
emaj-92	310	13	the	the	DET
emaj-92	310	14	lag	lag	NOUN
emaj-92	310	15	length	length	NOUN
emaj-92	310	16	.	.	PUNCT
emaj-92	311	1	for	for	ADP
emaj-92	311	2	testing	test	VERB
emaj-92	311	3	serial	serial	ADJ
emaj-92	311	4	correlation	correlation	NOUN
emaj-92	311	5	,	,	PUNCT
emaj-92	311	6	we	we	PRON
emaj-92	311	7	used	use	VERB
emaj-92	311	8	the	the	DET
emaj-92	311	9	qstatistic	qstatistic	ADJ
emaj-92	311	10	and	and	CCONJ
emaj-92	311	11	the	the	DET
emaj-92	311	12	breusch	breusch	NOUN
emaj-92	311	13	-	-	PUNCT
emaj-92	311	14	godfrey	godfrey	NOUN
emaj-92	311	15	lm	lm	PROPN
emaj-92	311	16	test	test	NOUN
emaj-92	311	17	(	(	PUNCT
emaj-92	311	18	appendix	appendix	NOUN
emaj-92	311	19	:	:	PUNCT
emaj-92	311	20	table	table	NOUN
emaj-92	311	21	b	b	NOUN
emaj-92	311	22	)	)	PUNCT
emaj-92	311	23	.	.	PUNCT
emaj-92	312	1	q	q	X
emaj-92	312	2	-	-	PUNCT
emaj-92	312	3	statistics	statistic	NOUN
emaj-92	312	4	were	be	AUX
emaj-92	312	5	estimated	estimate	VERB
emaj-92	312	6	to	to	PART
emaj-92	312	7	check	check	VERB
emaj-92	312	8	autocorrelation	autocorrelation	NOUN
emaj-92	312	9	in	in	ADP
emaj-92	312	10	the	the	DET
emaj-92	312	11	residuals	residual	NOUN
emaj-92	312	12	(	(	PUNCT
emaj-92	312	13	iwaisako	iwaisako	NOUN
emaj-92	312	14	2004	2004	NUM
emaj-92	312	15	)	)	PUNCT
emaj-92	312	16	by	by	ADP
emaj-92	312	17	a	a	DET
emaj-92	312	18	test	test	NOUN
emaj-92	312	19	statistic	statistic	NOUN
emaj-92	312	20	for	for	ADP
emaj-92	312	21	the	the	DET
emaj-92	312	22	null	null	ADJ
emaj-92	312	23	hypothesis	hypothesis	NOUN
emaj-92	312	24	that	that	SCONJ
emaj-92	312	25	there	there	PRON
emaj-92	312	26	is	be	VERB
emaj-92	312	27	no	no	DET
emaj-92	312	28	autocorrelation	autocorrelation	NOUN
emaj-92	312	29	of	of	ADP
emaj-92	312	30	residuals	residual	NOUN
emaj-92	312	31	with	with	ADP
emaj-92	312	32	high	high	ADJ
emaj-92	312	33	probabilities	probability	NOUN
emaj-92	312	34	and	and	CCONJ
emaj-92	312	35	low	low	ADJ
emaj-92	312	36	q	q	NOUN
emaj-92	312	37	-	-	NOUN
emaj-92	312	38	statistics	statistic	NOUN
emaj-92	312	39	.	.	PUNCT
emaj-92	313	1	the	the	DET
emaj-92	313	2	results	result	NOUN
emaj-92	313	3	indicated	indicate	VERB
emaj-92	313	4	that	that	SCONJ
emaj-92	313	5	residuals	residual	NOUN
emaj-92	313	6	are	be	AUX
emaj-92	313	7	not	not	PART
emaj-92	313	8	serially	serially	ADV
emaj-92	313	9	correlated	correlate	VERB
emaj-92	313	10	and	and	CCONJ
emaj-92	313	11	,	,	PUNCT
emaj-92	313	12	therefore	therefore	ADV
emaj-92	313	13	,	,	PUNCT
emaj-92	313	14	suitable	suitable	ADJ
emaj-92	313	15	for	for	ADP
emaj-92	313	16	analysis	analysis	NOUN
emaj-92	313	17	.	.	PUNCT
emaj-92	314	1	5.3	5.3	NUM
emaj-92	314	2	.	.	PUNCT
emaj-92	314	3	results	result	NOUN
emaj-92	314	4	and	and	CCONJ
emaj-92	314	5	discussion	discussion	NOUN
emaj-92	314	6	croatia	croatia	NOUN
emaj-92	314	7	,	,	PUNCT
emaj-92	314	8	as	as	ADP
emaj-92	314	9	an	an	DET
emaj-92	314	10	eu	eu	PROPN
emaj-92	314	11	new	new	ADJ
emaj-92	314	12	country	country	NOUN
emaj-92	314	13	,	,	PUNCT
emaj-92	314	14	proved	prove	VERB
emaj-92	314	15	to	to	PART
emaj-92	314	16	be	be	AUX
emaj-92	314	17	a	a	DET
emaj-92	314	18	suitable	suitable	ADJ
emaj-92	314	19	case	case	NOUN
emaj-92	314	20	study	study	NOUN
emaj-92	314	21	for	for	ADP
emaj-92	314	22	the	the	DET
emaj-92	314	23	empirical	empirical	ADJ
emaj-92	314	24	research	research	NOUN
emaj-92	314	25	of	of	ADP
emaj-92	314	26	procyclicality	procyclicality	NOUN
emaj-92	314	27	with	with	ADP
emaj-92	314	28	reference	reference	NOUN
emaj-92	314	29	to	to	ADP
emaj-92	314	30	‘	'	PUNCT
emaj-92	314	31	black	black	ADJ
emaj-92	314	32	swan	swan	NOUN
emaj-92	314	33	’	'	PUNCT
emaj-92	314	34	examination	examination	NOUN
emaj-92	314	35	on	on	ADP
emaj-92	314	36	a	a	DET
emaj-92	314	37	monthly	monthly	ADJ
emaj-92	314	38	basis	basis	NOUN
emaj-92	314	39	from	from	ADP
emaj-92	314	40	january	january	PROPN
emaj-92	314	41	2000	2000	NUM
emaj-92	314	42	to	to	ADP
emaj-92	314	43	december	december	PROPN
emaj-92	314	44	2013	2013	NUM
emaj-92	314	45	.	.	PUNCT
emaj-92	315	1	the	the	DET
emaj-92	315	2	structural	structural	ADJ
emaj-92	315	3	break	break	NOUN
emaj-92	315	4	was	be	AUX
emaj-92	315	5	presumed	presume	VERB
emaj-92	315	6	to	to	PART
emaj-92	315	7	have	have	AUX
emaj-92	315	8	occurred	occur	VERB
emaj-92	315	9	in	in	ADP
emaj-92	315	10	july	july	PROPN
emaj-92	315	11	2009	2009	NUM
emaj-92	315	12	,	,	PUNCT
emaj-92	315	13	when	when	SCONJ
emaj-92	315	14	the	the	DET
emaj-92	315	15	resignation	resignation	NOUN
emaj-92	315	16	of	of	ADP
emaj-92	315	17	croatian	croatian	PROPN
emaj-92	315	18	ex	ex	ADJ
emaj-92	315	19	-	-	ADJ
emaj-92	315	20	prime	prime	ADJ
emaj-92	315	21	minister	minister	PROPN
emaj-92	315	22	ivo	ivo	PROPN
emaj-92	315	23	sanader	sanader	NOUN
emaj-92	315	24	was	be	AUX
emaj-92	315	25	announced	announce	VERB
emaj-92	315	26	.	.	PUNCT
emaj-92	316	1	in	in	ADP
emaj-92	316	2	light	light	NOUN
emaj-92	316	3	of	of	ADP
emaj-92	316	4	that	that	DET
emaj-92	316	5	unexpected	unexpected	ADJ
emaj-92	316	6	event	event	NOUN
emaj-92	316	7	,	,	PUNCT
emaj-92	316	8	the	the	DET
emaj-92	316	9	transition	transition	NOUN
emaj-92	316	10	period	period	NOUN
emaj-92	316	11	in	in	ADP
emaj-92	316	12	croatia	croatia	PROPN
emaj-92	316	13	was	be	AUX
emaj-92	316	14	divided	divide	VERB
emaj-92	316	15	into	into	ADP
emaj-92	316	16	a	a	DET
emaj-92	316	17	first	first	ADJ
emaj-92	316	18	sub	sub	NOUN
emaj-92	316	19	-	-	NOUN
emaj-92	316	20	period	period	NOUN
emaj-92	316	21	(	(	PUNCT
emaj-92	316	22	from	from	ADP
emaj-92	316	23	january	january	PROPN
emaj-92	316	24	2000	2000	NUM
emaj-92	316	25	to	to	ADP
emaj-92	316	26	june	june	PROPN
emaj-92	316	27	2009	2009	NUM
emaj-92	316	28	)	)	PUNCT
emaj-92	316	29	,	,	PUNCT
emaj-92	316	30	while	while	SCONJ
emaj-92	316	31	the	the	DET
emaj-92	316	32	second	second	ADJ
emaj-92	316	33	one	one	NOUN
emaj-92	316	34	was	be	AUX
emaj-92	316	35	stretched	stretch	VERB
emaj-92	316	36	from	from	ADP
emaj-92	316	37	july	july	PROPN
emaj-92	316	38	2009	2009	NUM
emaj-92	316	39	to	to	ADP
emaj-92	316	40	december	december	PROPN
emaj-92	316	41	2013	2013	NUM
emaj-92	316	42	.	.	PUNCT
emaj-92	317	1	second	second	ADJ
emaj-92	317	2	sub	sub	NOUN
emaj-92	317	3	-	-	NOUN
emaj-92	317	4	period	period	NOUN
emaj-92	317	5	involved	involve	VERB
emaj-92	317	6	the	the	DET
emaj-92	317	7	resignation	resignation	NOUN
emaj-92	317	8	of	of	ADP
emaj-92	317	9	ex	ex	ADJ
emaj-92	317	10	-	-	ADJ
emaj-92	317	11	prime	prime	ADJ
emaj-92	317	12	minister	minister	NOUN
emaj-92	317	13	,	,	PUNCT
emaj-92	317	14	as	as	ADV
emaj-92	317	15	well	well	ADV
emaj-92	317	16	the	the	DET
emaj-92	317	17	global	global	ADJ
emaj-92	317	18	financial	financial	ADJ
emaj-92	317	19	crisis	crisis	NOUN
emaj-92	317	20	which	which	PRON
emaj-92	317	21	spread	spread	VERB
emaj-92	317	22	beyond	beyond	ADP
emaj-92	317	23	the	the	DET
emaj-92	317	24	national	national	ADJ
emaj-92	317	25	borders	border	NOUN
emaj-92	317	26	and	and	CCONJ
emaj-92	317	27	did	do	AUX
emaj-92	317	28	n’t	not	PART
emaj-92	317	29	pass	pass	VERB
emaj-92	317	30	-	-	PUNCT
emaj-92	317	31	by	by	ADP
emaj-92	317	32	croatia	croatia	PROPN
emaj-92	317	33	.	.	PUNCT
emaj-92	318	1	the	the	DET
emaj-92	318	2	results	result	NOUN
emaj-92	318	3	of	of	ADP
emaj-92	318	4	the	the	DET
emaj-92	318	5	stability	stability	NOUN
emaj-92	318	6	test	test	NOUN
emaj-92	318	7	confirmed	confirm	VERB
emaj-92	318	8	the	the	DET
emaj-92	318	9	hypothesis	hypothesis	NOUN
emaj-92	318	10	of	of	ADP
emaj-92	318	11	the	the	DET
emaj-92	318	12	structural	structural	ADJ
emaj-92	318	13	break	break	NOUN
emaj-92	318	14	due	due	ADJ
emaj-92	318	15	the	the	DET
emaj-92	318	16	resignation	resignation	NOUN
emaj-92	318	17	of	of	ADP
emaj-92	318	18	croatian	croatian	ADJ
emaj-92	318	19	prime	prime	ADJ
emaj-92	318	20	minister	minister	NOUN
emaj-92	318	21	and	and	CCONJ
emaj-92	318	22	due	due	ADJ
emaj-92	318	23	the	the	DET
emaj-92	318	24	global	global	ADJ
emaj-92	318	25	financial	financial	ADJ
emaj-92	318	26	crisis	crisis	NOUN
emaj-92	318	27	(	(	PUNCT
emaj-92	318	28	probability	probability	NOUN
emaj-92	318	29	0.32	0.32	NUM
emaj-92	318	30	)	)	PUNCT
emaj-92	318	31	(	(	PUNCT
emaj-92	318	32	see	see	VERB
emaj-92	318	33	:	:	PUNCT
emaj-92	318	34	cappiello	cappiello	PROPN
emaj-92	318	35	volume	volume	NOUN
emaj-92	318	36	6	6	NUM
emaj-92	318	37	no	no	DET
emaj-92	318	38	1	1	NUM
emaj-92	318	39	(	(	PUNCT
emaj-92	318	40	2016	2016	NUM
emaj-92	318	41	)	)	PUNCT
emaj-92	318	42	|	|	ADV
emaj-92	318	43	issn	issn	VERB
emaj-92	318	44	2158	2158	NUM
emaj-92	318	45	-	-	SYM
emaj-92	318	46	8708	8708	NUM
emaj-92	318	47	(	(	PUNCT
emaj-92	318	48	online	online	NOUN
emaj-92	318	49	)	)	PUNCT
emaj-92	318	50	|	|	ADV
emaj-92	318	51	doi	doi	X
emaj-92	318	52	10.5195	10.5195	NUM
emaj-92	318	53	/	/	SYM
emaj-92	318	54	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	318	55	|	|	ADV
emaj-92	318	56	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	318	57	testing	test	VERB
emaj-92	318	58	the	the	DET
emaj-92	318	59	‘	'	PUNCT
emaj-92	318	60	black	black	ADJ
emaj-92	318	61	swan	swan	NOUN
emaj-92	318	62	effect	effect	NOUN
emaj-92	318	63	’	'	PUNCT
emaj-92	318	64	on	on	ADP
emaj-92	318	65	croatian	croatian	ADJ
emaj-92	318	66	stock	stock	NOUN
emaj-92	318	67	market	market	NOUN
emaj-92	318	68	between	between	ADP
emaj-92	318	69	2000	2000	NUM
emaj-92	318	70	and	and	CCONJ
emaj-92	318	71	2013	2013	NUM
emaj-92	318	72	page	page	NOUN
emaj-92	318	73	|10|	|10|	NOUN
emaj-92	318	74	emerging	emerge	VERB
emaj-92	318	75	markets	market	NOUN
emaj-92	318	76	journal	journal	NOUN
emaj-92	318	77	et	et	PROPN
emaj-92	318	78	al	al	PROPN
emaj-92	318	79	.	.	PROPN
emaj-92	318	80	2006	2006	NUM
emaj-92	318	81	,	,	PUNCT
emaj-92	318	82	dvorák	dvorák	NOUN
emaj-92	318	83	and	and	CCONJ
emaj-92	318	84	podpiera	podpiera	NOUN
emaj-92	318	85	2006	2006	NUM
emaj-92	318	86	)	)	PUNCT
emaj-92	318	87	.	.	PUNCT
emaj-92	319	1	rock	rock	NOUN
emaj-92	319	2	and	and	CCONJ
emaj-92	319	3	bonnett	bonnett	PROPN
emaj-92	319	4	(	(	PUNCT
emaj-92	319	5	2004	2004	NUM
emaj-92	319	6	)	)	PUNCT
emaj-92	319	7	verified	verify	VERB
emaj-92	319	8	the	the	DET
emaj-92	319	9	negative	negative	ADJ
emaj-92	319	10	relationship	relationship	NOUN
emaj-92	319	11	between	between	ADP
emaj-92	319	12	corruption	corruption	NOUN
emaj-92	319	13	and	and	CCONJ
emaj-92	319	14	economic	economic	ADJ
emaj-92	319	15	growth	growth	NOUN
emaj-92	319	16	,	,	PUNCT
emaj-92	319	17	and	and	CCONJ
emaj-92	319	18	between	between	ADP
emaj-92	319	19	corruption	corruption	NOUN
emaj-92	319	20	and	and	CCONJ
emaj-92	319	21	investment	investment	NOUN
emaj-92	319	22	.	.	PUNCT
emaj-92	320	1	they	they	PRON
emaj-92	320	2	came	come	VERB
emaj-92	320	3	to	to	ADP
emaj-92	320	4	the	the	DET
emaj-92	320	5	conclusion	conclusion	NOUN
emaj-92	320	6	that	that	SCONJ
emaj-92	320	7	,	,	PUNCT
emaj-92	320	8	corruption	corruption	NOUN
emaj-92	320	9	is	be	AUX
emaj-92	320	10	much	much	ADV
emaj-92	320	11	more	more	ADV
emaj-92	320	12	destructive	destructive	ADJ
emaj-92	320	13	to	to	ADP
emaj-92	320	14	investment	investment	NOUN
emaj-92	320	15	and	and	CCONJ
emaj-92	320	16	economic	economic	ADJ
emaj-92	320	17	growth	growth	NOUN
emaj-92	320	18	in	in	ADP
emaj-92	320	19	small	small	ADJ
emaj-92	320	20	against	against	ADP
emaj-92	320	21	great	great	ADJ
emaj-92	320	22	developing	develop	VERB
emaj-92	320	23	countries	country	NOUN
emaj-92	320	24	.	.	PUNCT
emaj-92	321	1	the	the	DET
emaj-92	321	2	rise	rise	NOUN
emaj-92	321	3	in	in	ADP
emaj-92	321	4	stock	stock	NOUN
emaj-92	321	5	prices	price	NOUN
emaj-92	321	6	in	in	ADP
emaj-92	321	7	croatia	croatia	PROPN
emaj-92	321	8	,	,	PUNCT
emaj-92	321	9	as	as	ADP
emaj-92	321	10	in	in	ADP
emaj-92	321	11	other	other	ADJ
emaj-92	321	12	eu	eu	PROPN
emaj-92	321	13	candidate	candidate	NOUN
emaj-92	321	14	countries	country	NOUN
emaj-92	321	15	were	be	AUX
emaj-92	321	16	also	also	ADV
emaj-92	321	17	followed	follow	VERB
emaj-92	321	18	by	by	ADP
emaj-92	321	19	a	a	DET
emaj-92	321	20	significant	significant	ADJ
emaj-92	321	21	capital	capital	NOUN
emaj-92	321	22	inflow	inflow	NOUN
emaj-92	321	23	,	,	PUNCT
emaj-92	321	24	stronger	strong	ADJ
emaj-92	321	25	currency	currency	NOUN
emaj-92	321	26	and	and	CCONJ
emaj-92	321	27	low	low	ADJ
emaj-92	321	28	inflation	inflation	NOUN
emaj-92	321	29	.	.	PUNCT
emaj-92	322	1	arguably	arguably	ADV
emaj-92	322	2	the	the	DET
emaj-92	322	3	most	most	ADV
emaj-92	322	4	important	important	ADJ
emaj-92	322	5	factors	factor	NOUN
emaj-92	322	6	driving	drive	VERB
emaj-92	322	7	the	the	DET
emaj-92	322	8	acceleration	acceleration	NOUN
emaj-92	322	9	of	of	ADP
emaj-92	322	10	financial	financial	ADJ
emaj-92	322	11	integration	integration	NOUN
emaj-92	322	12	are	be	AUX
emaj-92	322	13	related	relate	VERB
emaj-92	322	14	to	to	ADP
emaj-92	322	15	the	the	DET
emaj-92	322	16	policy	policy	NOUN
emaj-92	322	17	measures	measure	NOUN
emaj-92	322	18	undertaken	undertake	VERB
emaj-92	322	19	by	by	ADP
emaj-92	322	20	“	"	PUNCT
emaj-92	322	21	new	new	ADJ
emaj-92	322	22	”	"	PUNCT
emaj-92	322	23	member	member	NOUN
emaj-92	322	24	states	state	NOUN
emaj-92	322	25	in	in	ADP
emaj-92	322	26	order	order	NOUN
emaj-92	322	27	to	to	PART
emaj-92	322	28	meet	meet	VERB
emaj-92	322	29	european	european	ADJ
emaj-92	322	30	financial	financial	ADJ
emaj-92	322	31	standards	standard	NOUN
emaj-92	322	32	,	,	PUNCT
emaj-92	322	33	including	include	VERB
emaj-92	322	34	the	the	DET
emaj-92	322	35	liberalization	liberalization	NOUN
emaj-92	322	36	of	of	ADP
emaj-92	322	37	capital	capital	NOUN
emaj-92	322	38	accounts	account	NOUN
emaj-92	322	39	,	,	PUNCT
emaj-92	322	40	as	as	ADV
emaj-92	322	41	well	well	ADV
emaj-92	322	42	as	as	ADP
emaj-92	322	43	legal	legal	ADJ
emaj-92	322	44	and	and	CCONJ
emaj-92	322	45	institutional	institutional	ADJ
emaj-92	322	46	reforms	reform	NOUN
emaj-92	322	47	(	(	PUNCT
emaj-92	322	48	see	see	VERB
emaj-92	322	49	:	:	PUNCT
emaj-92	322	50	poghosian	poghosian	NOUN
emaj-92	322	51	2008	2008	NUM
emaj-92	322	52	)	)	PUNCT
emaj-92	322	53	.	.	PUNCT
emaj-92	323	1	the	the	DET
emaj-92	323	2	reforms	reform	NOUN
emaj-92	323	3	in	in	ADP
emaj-92	323	4	croatia	croatia	PROPN
emaj-92	323	5	started	start	VERB
emaj-92	323	6	in	in	ADP
emaj-92	323	7	2005	2005	NUM
emaj-92	323	8	with	with	ADP
emaj-92	323	9	the	the	DET
emaj-92	323	10	opening	opening	NOUN
emaj-92	323	11	of	of	ADP
emaj-92	323	12	official	official	ADJ
emaj-92	323	13	negotiations	negotiation	NOUN
emaj-92	323	14	(	(	PUNCT
emaj-92	323	15	see	see	VERB
emaj-92	323	16	:	:	PUNCT
emaj-92	323	17	mohammad	mohammad	PROPN
emaj-92	323	18	and	and	CCONJ
emaj-92	323	19	abdelhak	abdelhak	PROPN
emaj-92	323	20	2009	2009	NUM
emaj-92	323	21	,	,	PUNCT
emaj-92	323	22	glazar	glazar	NOUN
emaj-92	323	23	and	and	CCONJ
emaj-92	323	24	striekolwski	striekolwski	VERB
emaj-92	323	25	2010	2010	NUM
emaj-92	323	26	)	)	PUNCT
emaj-92	323	27	.	.	PUNCT
emaj-92	324	1	reforms	reform	NOUN
emaj-92	324	2	implementation	implementation	NOUN
emaj-92	324	3	including	include	VERB
emaj-92	324	4	cuts	cut	NOUN
emaj-92	324	5	in	in	ADP
emaj-92	324	6	government	government	NOUN
emaj-92	324	7	spending	spending	NOUN
emaj-92	324	8	was	be	AUX
emaj-92	324	9	a	a	DET
emaj-92	324	10	requirement	requirement	NOUN
emaj-92	324	11	for	for	ADP
emaj-92	324	12	eu	eu	PROPN
emaj-92	324	13	accession	accession	NOUN
emaj-92	324	14	and	and	CCONJ
emaj-92	324	15	a	a	DET
emaj-92	324	16	strong	strong	ADJ
emaj-92	324	17	incentive	incentive	NOUN
emaj-92	324	18	for	for	SCONJ
emaj-92	324	19	see	see	VERB
emaj-92	324	20	countries	country	NOUN
emaj-92	324	21	on	on	ADP
emaj-92	324	22	their	their	PRON
emaj-92	324	23	way	way	NOUN
emaj-92	324	24	to	to	ADP
emaj-92	324	25	eu	eu	PROPN
emaj-92	324	26	membership	membership	NOUN
emaj-92	324	27	.	.	PUNCT
emaj-92	325	1	just	just	ADV
emaj-92	325	2	as	as	SCONJ
emaj-92	325	3	other	other	ADJ
emaj-92	325	4	eu	eu	PROPN
emaj-92	325	5	candidate	candidate	NOUN
emaj-92	325	6	countries	country	NOUN
emaj-92	325	7	in	in	ADP
emaj-92	325	8	the	the	DET
emaj-92	325	9	process	process	NOUN
emaj-92	325	10	of	of	ADP
emaj-92	325	11	eu	eu	PROPN
emaj-92	325	12	accession	accession	NOUN
emaj-92	325	13	,	,	PUNCT
emaj-92	325	14	croatia	croatia	PROPN
emaj-92	325	15	had	have	VERB
emaj-92	325	16	to	to	PART
emaj-92	325	17	implement	implement	VERB
emaj-92	325	18	reforms	reform	NOUN
emaj-92	325	19	aimed	aim	VERB
emaj-92	325	20	at	at	ADP
emaj-92	325	21	spending	spending	NOUN
emaj-92	325	22	cuts	cut	NOUN
emaj-92	325	23	(	(	PUNCT
emaj-92	325	24	for	for	ADP
emaj-92	325	25	instance	instance	NOUN
emaj-92	325	26	in	in	ADP
emaj-92	325	27	the	the	DET
emaj-92	325	28	pension	pension	NOUN
emaj-92	325	29	and	and	CCONJ
emaj-92	325	30	welfare	welfare	NOUN
emaj-92	325	31	systems	system	NOUN
emaj-92	325	32	)	)	PUNCT
emaj-92	325	33	,	,	PUNCT
emaj-92	325	34	while	while	SCONJ
emaj-92	325	35	maintaining	maintain	VERB
emaj-92	325	36	budgetary	budgetary	ADJ
emaj-92	325	37	discipline	discipline	NOUN
emaj-92	325	38	and	and	CCONJ
emaj-92	325	39	restructuring	restructure	VERB
emaj-92	325	40	the	the	DET
emaj-92	325	41	public	public	ADJ
emaj-92	325	42	sector	sector	NOUN
emaj-92	325	43	due	due	ADP
emaj-92	325	44	to	to	ADP
emaj-92	325	45	high	high	ADJ
emaj-92	325	46	deficits	deficit	NOUN
emaj-92	325	47	in	in	ADP
emaj-92	325	48	the	the	DET
emaj-92	325	49	balance	balance	NOUN
emaj-92	325	50	of	of	ADP
emaj-92	325	51	payments	payment	NOUN
emaj-92	325	52	and	and	CCONJ
emaj-92	325	53	overspending	overspending	NOUN
emaj-92	325	54	(	(	PUNCT
emaj-92	325	55	see	see	VERB
emaj-92	325	56	vizek	vizek	NOUN
emaj-92	325	57	and	and	CCONJ
emaj-92	325	58	dadić	dadić	NOUN
emaj-92	325	59	2006	2006	NUM
emaj-92	325	60	,	,	PUNCT
emaj-92	325	61	dolenc	dolenc	NOUN
emaj-92	325	62	and	and	CCONJ
emaj-92	325	63	laporšek	laporšek	NOUN
emaj-92	325	64	2010	2010	NUM
emaj-92	325	65	)	)	PUNCT
emaj-92	325	66	.	.	PUNCT
emaj-92	326	1	the	the	DET
emaj-92	326	2	positive	positive	ADJ
emaj-92	326	3	environment	environment	NOUN
emaj-92	326	4	that	that	PRON
emaj-92	326	5	accompanied	accompany	VERB
emaj-92	326	6	eu	eu	PROPN
emaj-92	326	7	accession	accession	NOUN
emaj-92	326	8	started	start	VERB
emaj-92	326	9	reversing	reverse	VERB
emaj-92	326	10	at	at	ADP
emaj-92	326	11	the	the	DET
emaj-92	326	12	end	end	NOUN
emaj-92	326	13	of	of	ADP
emaj-92	326	14	2008	2008	NUM
emaj-92	326	15	,	,	PUNCT
emaj-92	326	16	with	with	ADP
emaj-92	326	17	the	the	DET
emaj-92	326	18	global	global	ADJ
emaj-92	326	19	recession	recession	NOUN
emaj-92	326	20	and	and	CCONJ
emaj-92	326	21	inner	inner	ADJ
emaj-92	326	22	political	political	ADJ
emaj-92	326	23	instabilities	instability	NOUN
emaj-92	326	24	(	(	PUNCT
emaj-92	326	25	significant	significant	ADJ
emaj-92	326	26	cases	case	NOUN
emaj-92	326	27	of	of	ADP
emaj-92	326	28	corruption	corruption	NOUN
emaj-92	326	29	followed	follow	VERB
emaj-92	326	30	by	by	ADP
emaj-92	326	31	many	many	ADJ
emaj-92	326	32	court	court	NOUN
emaj-92	326	33	trials	trial	NOUN
emaj-92	326	34	)	)	PUNCT
emaj-92	326	35	as	as	ADV
emaj-92	326	36	well	well	ADV
emaj-92	326	37	as	as	ADP
emaj-92	326	38	lower	low	ADJ
emaj-92	326	39	consumer	consumer	NOUN
emaj-92	326	40	spending	spending	NOUN
emaj-92	326	41	and	and	CCONJ
emaj-92	326	42	lower	low	ADJ
emaj-92	326	43	industrial	industrial	ADJ
emaj-92	326	44	output	output	NOUN
emaj-92	326	45	(	(	PUNCT
emaj-92	326	46	see	see	VERB
emaj-92	326	47	andrei	andrei	PROPN
emaj-92	326	48	et	et	PROPN
emaj-92	326	49	al	al	PROPN
emaj-92	326	50	.	.	PROPN
emaj-92	326	51	,	,	PUNCT
emaj-92	326	52	2009	2009	NUM
emaj-92	326	53	)	)	PUNCT
emaj-92	326	54	.	.	PUNCT
emaj-92	327	1	in	in	ADP
emaj-92	327	2	2008	2008	NUM
emaj-92	327	3	,	,	PUNCT
emaj-92	327	4	croatian	croatian	PROPN
emaj-92	327	5	ex	ex	NOUN
emaj-92	327	6	-	-	NOUN
emaj-92	327	7	premier	premier	ADJ
emaj-92	327	8	sanader	sanader	NOUN
emaj-92	327	9	claimed	claim	VERB
emaj-92	327	10	that	that	SCONJ
emaj-92	327	11	there	there	PRON
emaj-92	327	12	is	be	VERB
emaj-92	327	13	no	no	DET
emaj-92	327	14	crisis	crisis	NOUN
emaj-92	327	15	in	in	ADP
emaj-92	327	16	croatia	croatia	PROPN
emaj-92	327	17	.	.	PUNCT
emaj-92	328	1	but	but	CCONJ
emaj-92	328	2	after	after	ADP
emaj-92	328	3	his	his	PRON
emaj-92	328	4	resignation	resignation	NOUN
emaj-92	328	5	,	,	PUNCT
emaj-92	328	6	croatia	croatia	PROPN
emaj-92	328	7	faced	face	VERB
emaj-92	328	8	serious	serious	ADJ
emaj-92	328	9	economical	economical	ADJ
emaj-92	328	10	and	and	CCONJ
emaj-92	328	11	political	political	ADJ
emaj-92	328	12	problems	problem	NOUN
emaj-92	328	13	produced	produce	VERB
emaj-92	328	14	by	by	ADP
emaj-92	328	15	internal	internal	ADJ
emaj-92	328	16	factors	factor	NOUN
emaj-92	328	17	(	(	PUNCT
emaj-92	328	18	corruption	corruption	NOUN
emaj-92	328	19	,	,	PUNCT
emaj-92	328	20	decline	decline	NOUN
emaj-92	328	21	of	of	ADP
emaj-92	328	22	gdp	gdp	NOUN
emaj-92	328	23	,	,	PUNCT
emaj-92	328	24	industrial	industrial	ADJ
emaj-92	328	25	production	production	NOUN
emaj-92	328	26	and	and	CCONJ
emaj-92	328	27	employment	employment	NOUN
emaj-92	328	28	)	)	PUNCT
emaj-92	328	29	as	as	ADV
emaj-92	328	30	well	well	ADV
emaj-92	328	31	as	as	ADP
emaj-92	328	32	external	external	ADJ
emaj-92	328	33	factors	factor	NOUN
emaj-92	328	34	(	(	PUNCT
emaj-92	328	35	global	global	ADJ
emaj-92	328	36	crisis	crisis	NOUN
emaj-92	328	37	)	)	PUNCT
emaj-92	328	38	.	.	PUNCT
emaj-92	329	1	in	in	ADP
emaj-92	329	2	2011	2011	NUM
emaj-92	329	3	,	,	PUNCT
emaj-92	329	4	croatia	croatia	PROPN
emaj-92	329	5	government	government	NOUN
emaj-92	329	6	and	and	CCONJ
emaj-92	329	7	other	other	ADJ
emaj-92	329	8	state	state	NOUN
emaj-92	329	9	bodies	body	NOUN
emaj-92	329	10	have	have	AUX
emaj-92	329	11	started	start	VERB
emaj-92	329	12	implementing	implement	VERB
emaj-92	329	13	demanding	demand	VERB
emaj-92	329	14	reforms	reform	NOUN
emaj-92	329	15	,	,	PUNCT
emaj-92	329	16	which	which	PRON
emaj-92	329	17	have	have	AUX
emaj-92	329	18	resulted	result	VERB
emaj-92	329	19	in	in	ADP
emaj-92	329	20	the	the	DET
emaj-92	329	21	slow	slow	ADJ
emaj-92	329	22	rise	rise	NOUN
emaj-92	329	23	of	of	ADP
emaj-92	329	24	gdp	gdp	NOUN
emaj-92	329	25	in	in	ADP
emaj-92	329	26	2015	2015	NUM
emaj-92	329	27	for	for	ADP
emaj-92	329	28	the	the	DET
emaj-92	329	29	first	first	ADJ
emaj-92	329	30	time	time	NOUN
emaj-92	329	31	after	after	ADP
emaj-92	329	32	6	6	NUM
emaj-92	329	33	years	year	NOUN
emaj-92	329	34	and	and	CCONJ
emaj-92	329	35	a	a	DET
emaj-92	329	36	better	well	ADJ
emaj-92	329	37	entrepreneurial	entrepreneurial	ADJ
emaj-92	329	38	climate	climate	NOUN
emaj-92	329	39	.	.	PUNCT
emaj-92	330	1	table	table	NOUN
emaj-92	330	2	2	2	NUM
emaj-92	330	3	:	:	PUNCT
emaj-92	330	4	ols	ol	NOUN
emaj-92	330	5	–	–	PUNCT
emaj-92	330	6	croatia	croatia	PROPN
emaj-92	330	7	dependent	dependent	ADJ
emaj-92	330	8	variable	variable	NOUN
emaj-92	330	9	:	:	PUNCT
emaj-92	331	1	dlog(x	dlog(x	X
emaj-92	331	2	)	)	PUNCT
emaj-92	331	3	(	(	PUNCT
emaj-92	331	4	01	01	NUM
emaj-92	331	5	m	m	NOUN
emaj-92	331	6	2000	2000	NUM
emaj-92	331	7	to	to	ADP
emaj-92	331	8	12	12	NUM
emaj-92	331	9	m	m	NUM
emaj-92	331	10	2013	2013	NUM
emaj-92	331	11	)	)	PUNCT
emaj-92	331	12	variable	variable	NOUN
emaj-92	331	13	(	(	PUNCT
emaj-92	331	14	from	from	ADP
emaj-92	331	15	january	january	PROPN
emaj-92	331	16	2000	2000	NUM
emaj-92	331	17	to	to	ADP
emaj-92	331	18	december	december	PROPN
emaj-92	331	19	2013	2013	NUM
emaj-92	331	20	)	)	PUNCT
emaj-92	331	21	(	(	PUNCT
emaj-92	331	22	from	from	ADP
emaj-92	331	23	january	january	PROPN
emaj-92	331	24	2000	2000	NUM
emaj-92	331	25	to	to	ADP
emaj-92	331	26	june	june	PROPN
emaj-92	331	27	2009	2009	NUM
emaj-92	331	28	)	)	PUNCT
emaj-92	331	29	(	(	PUNCT
emaj-92	331	30	from	from	ADP
emaj-92	331	31	july	july	PROPN
emaj-92	331	32	2009	2009	NUM
emaj-92	331	33	to	to	ADP
emaj-92	331	34	june	june	PROPN
emaj-92	331	35	2013	2013	NUM
emaj-92	331	36	)	)	PUNCT
emaj-92	331	37	dlog	dlog	NOUN
emaj-92	331	38	(	(	PUNCT
emaj-92	331	39	cap	cap	NOUN
emaj-92	331	40	)	)	PUNCT
emaj-92	331	41	(-8	(-8	NUM
emaj-92	331	42	)	)	PUNCT
emaj-92	331	43	0.041599	0.041599	NUM
emaj-92	331	44	(	(	PUNCT
emaj-92	331	45	0.0269	0.0269	NUM
emaj-92	331	46	)	)	PUNCT
emaj-92	331	47	*	*	PUNCT
emaj-92	331	48	*	*	PUNCT
emaj-92	331	49	0.047800	0.047800	NUM
emaj-92	331	50	(	(	PUNCT
emaj-92	331	51	0.0295	0.0295	NUM
emaj-92	331	52	)	)	PUNCT
emaj-92	331	53	*	*	PUNCT
emaj-92	332	1	*	*	PUNCT
emaj-92	332	2	0.044783	0.044783	NUM
emaj-92	332	3	(	(	PUNCT
emaj-92	332	4	0.0250	0.0250	NUM
emaj-92	332	5	)	)	PUNCT
emaj-92	332	6	*	*	PUNCT
emaj-92	332	7	*	*	PUNCT
emaj-92	332	8	dlog	dlog	NOUN
emaj-92	332	9	(	(	PUNCT
emaj-92	332	10	exr	exr	PROPN
emaj-92	332	11	)	)	PUNCT
emaj-92	332	12	(	(	PUNCT
emaj-92	332	13	-12	-12	NOUN
emaj-92	332	14	)	)	PUNCT
emaj-92	332	15	-0.514578	-0.514578	X
emaj-92	332	16	(	(	PUNCT
emaj-92	332	17	0.0174	0.0174	NUM
emaj-92	332	18	)	)	PUNCT
emaj-92	332	19	*	*	PUNCT
emaj-92	332	20	*	*	PUNCT
emaj-92	332	21	-0.684046	-0.684046	ADJ
emaj-92	332	22	(	(	PUNCT
emaj-92	332	23	0.0086	0.0086	NUM
emaj-92	332	24	)	)	PUNCT
emaj-92	332	25	*	*	PUNCT
emaj-92	332	26	*	*	PUNCT
emaj-92	332	27	*	*	INTJ
emaj-92	332	28	-0.718885	-0.718885	X
emaj-92	332	29	(	(	PUNCT
emaj-92	332	30	0.0140	0.0140	NUM
emaj-92	332	31	)	)	PUNCT
emaj-92	332	32	*	*	PUNCT
emaj-92	332	33	*	*	PUNCT
emaj-92	332	34	dlog	dlog	NOUN
emaj-92	332	35	(	(	PUNCT
emaj-92	332	36	int	int	NOUN
emaj-92	332	37	)	)	PUNCT
emaj-92	332	38	(	(	PUNCT
emaj-92	332	39	-11	-11	NUM
emaj-92	332	40	)	)	PUNCT
emaj-92	332	41	-0.050348	-0.050348	NOUN
emaj-92	332	42	(	(	PUNCT
emaj-92	332	43	0.0588	0.0588	NUM
emaj-92	332	44	)	)	PUNCT
emaj-92	332	45	*	*	PUNCT
emaj-92	332	46	*	*	PUNCT
emaj-92	332	47	-0.092007	-0.092007	INTJ
emaj-92	332	48	(	(	PUNCT
emaj-92	332	49	0.0108	0.0108	NUM
emaj-92	332	50	)	)	PUNCT
emaj-92	332	51	*	*	PUNCT
emaj-92	332	52	*	*	PUNCT
emaj-92	332	53	-0.083066	-0.083066	PROPN
emaj-92	332	54	(	(	PUNCT
emaj-92	332	55	0.0019	0.0019	NUM
emaj-92	332	56	)	)	PUNCT
emaj-92	332	57	*	*	PUNCT
emaj-92	333	1	*	*	PUNCT
emaj-92	333	2	*	*	PUNCT
emaj-92	333	3	dlog	dlog	PROPN
emaj-92	333	4	(	(	PUNCT
emaj-92	333	5	cpi	cpi	PROPN
emaj-92	333	6	)	)	PUNCT
emaj-92	333	7	(	(	PUNCT
emaj-92	333	8	-4	-4	INTJ
emaj-92	333	9	)	)	PUNCT
emaj-92	333	10	0.064830	0.064830	NUM
emaj-92	333	11	(	(	PUNCT
emaj-92	333	12	0.0069	0.0069	NUM
emaj-92	333	13	)	)	PUNCT
emaj-92	333	14	*	*	PUNCT
emaj-92	334	1	*	*	PUNCT
emaj-92	334	2	*	*	PUNCT
emaj-92	334	3	0.084424	0.084424	NUM
emaj-92	334	4	(	(	PUNCT
emaj-92	334	5	0.0146	0.0146	NUM
emaj-92	334	6	)	)	PUNCT
emaj-92	334	7	*	*	PUNCT
emaj-92	334	8	*	*	PUNCT
emaj-92	334	9	0.084784	0.084784	NUM
emaj-92	334	10	(	(	PUNCT
emaj-92	334	11	0.0142	0.0142	NUM
emaj-92	334	12	)	)	PUNCT
emaj-92	334	13	*	*	PUNCT
emaj-92	334	14	*	*	PUNCT
emaj-92	334	15	dlog	dlog	NOUN
emaj-92	334	16	(	(	PUNCT
emaj-92	334	17	une	une	PROPN
emaj-92	334	18	)	)	PUNCT
emaj-92	334	19	(	(	PUNCT
emaj-92	334	20	-12	-12	NOUN
emaj-92	334	21	)	)	PUNCT
emaj-92	334	22	-0.243750	-0.243750	NOUN
emaj-92	334	23	(	(	PUNCT
emaj-92	334	24	0.0044	0.0044	NUM
emaj-92	334	25	)	)	PUNCT
emaj-92	334	26	*	*	PROPN
emaj-92	334	27	*	*	PROPN
emaj-92	334	28	-0.275572	-0.275572	PROPN
emaj-92	334	29	(	(	PUNCT
emaj-92	334	30	0.0107	0.0107	NUM
emaj-92	334	31	)	)	PUNCT
emaj-92	334	32	*	*	PUNCT
emaj-92	334	33	*	*	PUNCT
emaj-92	334	34	-0.222322	-0.222322	INTJ
emaj-92	334	35	(	(	PUNCT
emaj-92	334	36	0.0343	0.0343	NUM
emaj-92	334	37	)	)	PUNCT
emaj-92	334	38	*	*	PUNCT
emaj-92	334	39	*	*	PUNCT
emaj-92	334	40	dlog	dlog	PROPN
emaj-92	334	41	(	(	PUNCT
emaj-92	334	42	npl	npl	NOUN
emaj-92	334	43	)	)	PUNCT
emaj-92	334	44	(	(	PUNCT
emaj-92	334	45	-3	-3	INTJ
emaj-92	334	46	)	)	PUNCT
emaj-92	334	47	-0.182037	-0.182037	NOUN
emaj-92	334	48	(	(	PUNCT
emaj-92	334	49	0.0068	0.0068	NUM
emaj-92	334	50	)	)	PUNCT
emaj-92	334	51	*	*	PUNCT
emaj-92	335	1	*	*	PUNCT
emaj-92	335	2	*	*	PUNCT
emaj-92	335	3	-0.203318	-0.203318	X
emaj-92	335	4	(	(	PUNCT
emaj-92	335	5	0.0125	0.0125	NUM
emaj-92	335	6	)	)	PUNCT
emaj-92	335	7	*	*	PUNCT
emaj-92	335	8	*	*	PUNCT
emaj-92	335	9	-0.258597	-0.258597	NOUN
emaj-92	335	10	(	(	PUNCT
emaj-92	335	11	0.0125	0.0125	NUM
emaj-92	335	12	)	)	PUNCT
emaj-92	335	13	*	*	PUNCT
emaj-92	335	14	*	*	PUNCT
emaj-92	335	15	weighted	weighted	ADJ
emaj-92	335	16	statistic	statistic	PROPN
emaj-92	335	17	weighted	weight	VERB
emaj-92	335	18	statistic	statistic	NOUN
emaj-92	335	19	weighted	weight	VERB
emaj-92	335	20	statistic	statistic	ADJ
emaj-92	335	21	r	r	NOUN
emaj-92	335	22	-	-	PUNCT
emaj-92	335	23	squared	square	VERB
emaj-92	335	24	0.311777	0.311777	NUM
emaj-92	335	25	0.377188	0.377188	NUM
emaj-92	335	26	0.464384	0.464384	NUM
emaj-92	335	27	adjusted	adjust	VERB
emaj-92	335	28	r	r	NOUN
emaj-92	335	29	-	-	PUNCT
emaj-92	335	30	squared	square	VERB
emaj-92	335	31	0.280961	0.280961	NUM
emaj-92	335	32	0.337007	0.337007	NUM
emaj-92	335	33	0.386001	0.386001	NUM
emaj-92	335	34	s.e	s.e	PROPN
emaj-92	335	35	.	.	PROPN
emaj-92	335	36	of	of	ADP
emaj-92	335	37	regression	regression	NOUN
emaj-92	335	38	0.050692	0.050692	NUM
emaj-92	335	39	0.052389	0.052389	NUM
emaj-92	335	40	0.035909	0.035909	NUM
emaj-92	335	41	durbinwatson	durbinwatson	NOUN
emaj-92	335	42	stat	stat	NOUN
emaj-92	335	43	.	.	PUNCT
emaj-92	336	1	2.005705	2.005705	NUM
emaj-92	336	2	2.000497	2.000497	NUM
emaj-92	336	3	1.760090	1.760090	NUM
emaj-92	336	4	s.d	s.d	PROPN
emaj-92	336	5	.	.	PROPN
emaj-92	336	6	dependent	dependent	ADJ
emaj-92	336	7	.	.	PUNCT
emaj-92	337	1	var	var	NOUN
emaj-92	337	2	0.059782	0.059782	NUM
emaj-92	338	1	0.064341	0.064341	NUM
emaj-92	338	2	0.045827	0.045827	NUM
emaj-92	338	3	stability	stability	NOUN
emaj-92	338	4	test	test	NOUN
emaj-92	338	5	(	(	PUNCT
emaj-92	338	6	chow	chow	PROPN
emaj-92	338	7	breakpoint	breakpoint	PROPN
emaj-92	338	8	test)i	test)i	PROPN
emaj-92	338	9	0.3193	0.3193	NUM
emaj-92	338	10	variables	variable	NOUN
emaj-92	338	11	:	:	PUNCT
emaj-92	338	12	cap	cap	NOUN
emaj-92	338	13	:	:	PUNCT
emaj-92	338	14	capital	capital	NOUN
emaj-92	338	15	inflow	inflow	NOUN
emaj-92	338	16	expressed	express	VERB
emaj-92	338	17	in	in	ADP
emaj-92	338	18	percentage	percentage	NOUN
emaj-92	338	19	of	of	ADP
emaj-92	338	20	gdp	gdp	NOUN
emaj-92	338	21	;	;	PUNCT
emaj-92	338	22	exr	exr	PROPN
emaj-92	338	23	:	:	PUNCT
emaj-92	338	24	exchange	exchange	NOUN
emaj-92	338	25	rate	rate	NOUN
emaj-92	338	26	expressed	express	VERB
emaj-92	338	27	as	as	ADP
emaj-92	338	28	the	the	DET
emaj-92	338	29	price	price	NOUN
emaj-92	338	30	of	of	ADP
emaj-92	338	31	one	one	NUM
emaj-92	338	32	unit	unit	NOUN
emaj-92	338	33	of	of	ADP
emaj-92	338	34	foreign	foreign	ADJ
emaj-92	338	35	currency	currency	NOUN
emaj-92	338	36	in	in	ADP
emaj-92	338	37	units	unit	NOUN
emaj-92	338	38	of	of	ADP
emaj-92	338	39	domestic	domestic	ADJ
emaj-92	338	40	currency	currency	NOUN
emaj-92	338	41	;	;	PUNCT
emaj-92	338	42	int	int	NOUN
emaj-92	338	43	interest	interest	NOUN
emaj-92	338	44	rate	rate	PROPN
emaj-92	338	45	p.a	p.a	PROPN
emaj-92	338	46	.	.	PROPN
emaj-92	338	47	;	;	PUNCT
emaj-92	338	48	cpi	cpi	PROPN
emaj-92	338	49	:	:	PUNCT
emaj-92	338	50	consumer	consumer	NOUN
emaj-92	338	51	price	price	NOUN
emaj-92	338	52	index	index	NOUN
emaj-92	338	53	(	(	PUNCT
emaj-92	338	54	in	in	ADP
emaj-92	338	55	bnp	bnp	PROPN
emaj-92	338	56	of	of	ADP
emaj-92	338	57	domestic	domestic	ADJ
emaj-92	338	58	currency	currency	NOUN
emaj-92	338	59	deflated	deflate	VERB
emaj-92	338	60	by	by	ADP
emaj-92	338	61	gdp	gdp	PROPN
emaj-92	338	62	deflator	deflator	PROPN
emaj-92	338	63	)	)	PUNCT
emaj-92	338	64	;	;	PUNCT
emaj-92	338	65	une	une	PROPN
emaj-92	338	66	:	:	PUNCT
emaj-92	338	67	unemployment	unemployment	NOUN
emaj-92	338	68	expressed	express	VERB
emaj-92	338	69	in	in	ADP
emaj-92	338	70	percentage	percentage	NOUN
emaj-92	338	71	of	of	ADP
emaj-92	338	72	the	the	DET
emaj-92	338	73	total	total	ADJ
emaj-92	338	74	labor	labor	NOUN
emaj-92	338	75	force	force	NOUN
emaj-92	338	76	,	,	PUNCT
emaj-92	338	77	npl	npl	PROPN
emaj-92	338	78	:	:	PUNCT
emaj-92	338	79	non	non	ADJ
emaj-92	338	80	performing	perform	VERB
emaj-92	338	81	loan	loan	NOUN
emaj-92	338	82	(	(	PUNCT
emaj-92	338	83	loan	loan	NOUN
emaj-92	338	84	share	share	NOUN
emaj-92	338	85	of	of	ADP
emaj-92	338	86	all	all	DET
emaj-92	338	87	nominal	nominal	ADJ
emaj-92	338	88	loans	loan	NOUN
emaj-92	338	89	that	that	PRON
emaj-92	338	90	are	be	AUX
emaj-92	338	91	at	at	ADV
emaj-92	338	92	least	least	ADV
emaj-92	338	93	90	90	NUM
emaj-92	338	94	days	day	NOUN
emaj-92	338	95	overdue	overdue	ADJ
emaj-92	338	96	)	)	PUNCT
emaj-92	338	97	notes	note	VERB
emaj-92	338	98	:	:	PUNCT
emaj-92	338	99	the	the	DET
emaj-92	338	100	time	time	NOUN
emaj-92	338	101	lag	lag	NOUN
emaj-92	338	102	of	of	ADP
emaj-92	338	103	the	the	DET
emaj-92	338	104	variables	variable	NOUN
emaj-92	338	105	is	be	AUX
emaj-92	338	106	given	give	VERB
emaj-92	338	107	in	in	ADP
emaj-92	338	108	subscript	subscript	NOUN
emaj-92	338	109	;	;	PUNCT
emaj-92	338	110	(	(	PUNCT
emaj-92	339	1	probabilities	probability	NOUN
emaj-92	339	2	)	)	PUNCT
emaj-92	339	3	*	*	PUNCT
emaj-92	340	1	*	*	PUNCT
emaj-92	340	2	*	*	PUNCT
emaj-92	340	3	are	be	AUX
emaj-92	340	4	in	in	ADP
emaj-92	340	5	parentheses	parenthesis	NOUN
emaj-92	340	6	below	below	ADV
emaj-92	340	7	.	.	PUNCT
emaj-92	341	1	significance	significance	NOUN
emaj-92	341	2	levels	level	NOUN
emaj-92	341	3	are	be	AUX
emaj-92	341	4	denoted	denote	VERB
emaj-92	341	5	as	as	ADP
emaj-92	341	6	:	:	PUNCT
emaj-92	341	7	*	*	PUNCT
emaj-92	341	8	*	*	PUNCT
emaj-92	341	9	*	*	PUNCT
emaj-92	341	10	significant	significant	ADJ
emaj-92	341	11	at	at	ADP
emaj-92	341	12	1	1	NUM
emaj-92	341	13	%	%	NOUN
emaj-92	341	14	;	;	PUNCT
emaj-92	341	15	*	*	PUNCT
emaj-92	341	16	*	*	PUNCT
emaj-92	341	17	significant	significant	ADJ
emaj-92	341	18	at	at	ADP
emaj-92	341	19	5	5	NUM
emaj-92	341	20	%	%	NOUN
emaj-92	341	21	;	;	PUNCT
emaj-92	341	22	*	*	PUNCT
emaj-92	341	23	significant	significant	ADJ
emaj-92	341	24	at	at	ADP
emaj-92	341	25	10	10	NUM
emaj-92	341	26	%	%	NOUN
emaj-92	341	27	.	.	PUNCT
emaj-92	342	1	i	i	PRON
emaj-92	342	2	probability	probability	NOUN
emaj-92	342	3	of	of	ADP
emaj-92	342	4	the	the	DET
emaj-92	342	5	chi	chi	ADJ
emaj-92	342	6	-	-	PUNCT
emaj-92	342	7	square	square	ADJ
emaj-92	342	8	distribution	distribution	NOUN
emaj-92	342	9	(	(	PUNCT
emaj-92	342	10	0.3193	0.3193	NUM
emaj-92	342	11	)	)	PUNCT
emaj-92	342	12	as	as	SCONJ
emaj-92	342	13	expected	expect	VERB
emaj-92	342	14	,	,	PUNCT
emaj-92	342	15	we	we	PRON
emaj-92	342	16	found	find	VERB
emaj-92	342	17	a	a	DET
emaj-92	342	18	correlation	correlation	NOUN
emaj-92	342	19	among	among	ADP
emaj-92	342	20	the	the	DET
emaj-92	342	21	main	main	ADJ
emaj-92	342	22	economic	economic	ADJ
emaj-92	342	23	indicators	indicator	NOUN
emaj-92	342	24	and	and	CCONJ
emaj-92	342	25	stock	stock	NOUN
emaj-92	342	26	exchange	exchange	NOUN
emaj-92	342	27	indices	index	NOUN
emaj-92	342	28	of	of	ADP
emaj-92	342	29	croatia	croatia	PROPN
emaj-92	342	30	.	.	PUNCT
emaj-92	343	1	we	we	PRON
emaj-92	343	2	can	can	AUX
emaj-92	343	3	confirm	confirm	VERB
emaj-92	343	4	the	the	DET
emaj-92	343	5	positive	positive	ADJ
emaj-92	343	6	influence	influence	NOUN
emaj-92	343	7	of	of	ADP
emaj-92	343	8	capital	capital	NOUN
emaj-92	343	9	inflow	inflow	NOUN
emaj-92	343	10	and	and	CCONJ
emaj-92	343	11	inflation	inflation	NOUN
emaj-92	343	12	on	on	ADP
emaj-92	343	13	stock	stock	NOUN
emaj-92	343	14	exchange	exchange	NOUN
emaj-92	343	15	indices	index	NOUN
emaj-92	343	16	volume	volume	VERB
emaj-92	343	17	6	6	NUM
emaj-92	343	18	no	no	DET
emaj-92	343	19	1	1	NUM
emaj-92	343	20	(	(	PUNCT
emaj-92	343	21	2016	2016	NUM
emaj-92	343	22	)	)	PUNCT
emaj-92	343	23	|	|	ADV
emaj-92	343	24	issn	issn	VERB
emaj-92	343	25	2158	2158	NUM
emaj-92	343	26	-	-	SYM
emaj-92	343	27	8708	8708	NUM
emaj-92	343	28	(	(	PUNCT
emaj-92	343	29	online	online	NOUN
emaj-92	343	30	)	)	PUNCT
emaj-92	343	31	|	|	ADV
emaj-92	343	32	doi	doi	X
emaj-92	343	33	10.5195	10.5195	NUM
emaj-92	343	34	/	/	SYM
emaj-92	343	35	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	343	36	|	|	ADV
emaj-92	343	37	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-92	343	38	anita	anita	PROPN
emaj-92	343	39	radman	radman	PROPN
emaj-92	343	40	peša	peša	PROPN
emaj-92	343	41	,	,	PUNCT
emaj-92	343	42	ana	ana	PROPN
emaj-92	343	43	brajković	brajković	NOUN
emaj-92	343	44	emerging	emerge	VERB
emaj-92	343	45	markets	market	NOUN
emaj-92	343	46	journal	journal	NOUN
emaj-92	343	47	|	|	ADV
emaj-92	343	48	p	p	NOUN
emaj-92	343	49	a	a	PRON
emaj-92	343	50	g	g	NOUN
emaj-92	343	51	e	e	PROPN
emaj-92	343	52	|11	|11	PROPN
emaj-92	343	53	(	(	PUNCT
emaj-92	343	54	crobex	crobex	PROPN
emaj-92	343	55	)	)	PUNCT
emaj-92	343	56	(	(	PUNCT
emaj-92	343	57	see	see	VERB
emaj-92	343	58	:	:	PUNCT
emaj-92	343	59	table	table	NOUN
emaj-92	343	60	2	2	NUM
emaj-92	343	61	)	)	PUNCT
emaj-92	343	62	.	.	PUNCT
emaj-92	344	1	we	we	PRON
emaj-92	344	2	also	also	ADV
emaj-92	344	3	confirmed	confirm	VERB
emaj-92	344	4	that	that	SCONJ
emaj-92	344	5	exchange	exchange	NOUN
emaj-92	344	6	rate	rate	NOUN
emaj-92	344	7	(	(	PUNCT
emaj-92	344	8	depreciation	depreciation	NOUN
emaj-92	344	9	)	)	PUNCT
emaj-92	344	10	,	,	PUNCT
emaj-92	344	11	interest	interest	NOUN
emaj-92	344	12	rate	rate	NOUN
emaj-92	344	13	,	,	PUNCT
emaj-92	344	14	unemployment	unemployment	NOUN
emaj-92	344	15	and	and	CCONJ
emaj-92	344	16	non	non	ADJ
emaj-92	344	17	-	-	ADJ
emaj-92	344	18	performing	performing	ADJ
emaj-92	344	19	loans	loan	NOUN
emaj-92	344	20	have	have	VERB
emaj-92	344	21	a	a	DET
emaj-92	344	22	negative	negative	ADJ
emaj-92	344	23	impact	impact	NOUN
emaj-92	344	24	on	on	ADP
emaj-92	344	25	stock	stock	NOUN
emaj-92	344	26	exchange	exchange	NOUN
emaj-92	344	27	indices	index	NOUN
emaj-92	344	28	.	.	PUNCT
emaj-92	345	1	the	the	DET
emaj-92	345	2	rising	rise	VERB
emaj-92	345	3	stock	stock	NOUN
emaj-92	345	4	prices	price	NOUN
emaj-92	345	5	in	in	ADP
emaj-92	345	6	croatia	croatia	PROPN
emaj-92	345	7	presented	present	VERB
emaj-92	345	8	in	in	ADP
emaj-92	345	9	our	our	PRON
emaj-92	345	10	study	study	NOUN
emaj-92	345	11	provide	provide	VERB
emaj-92	345	12	evidence	evidence	NOUN
emaj-92	345	13	of	of	ADP
emaj-92	345	14	economic	economic	ADJ
emaj-92	345	15	growth	growth	NOUN
emaj-92	345	16	in	in	ADP
emaj-92	345	17	the	the	DET
emaj-92	345	18	region	region	NOUN
emaj-92	345	19	and	and	CCONJ
emaj-92	345	20	financial	financial	ADJ
emaj-92	345	21	integration	integration	NOUN
emaj-92	345	22	process	process	NOUN
emaj-92	345	23	in	in	ADP
emaj-92	345	24	general	general	ADJ
emaj-92	345	25	,	,	PUNCT
emaj-92	345	26	and	and	CCONJ
emaj-92	345	27	the	the	DET
emaj-92	345	28	eu	eu	PROPN
emaj-92	345	29	integration	integration	NOUN
emaj-92	345	30	process	process	NOUN
emaj-92	345	31	in	in	ADP
emaj-92	345	32	particular	particular	ADJ
emaj-92	345	33	.	.	PUNCT
emaj-92	346	1	the	the	DET
emaj-92	346	2	increase	increase	NOUN
emaj-92	346	3	in	in	ADP
emaj-92	346	4	stock	stock	NOUN
emaj-92	346	5	prices	price	NOUN
emaj-92	346	6	usually	usually	ADV
emaj-92	346	7	goes	go	VERB
emaj-92	346	8	hand	hand	NOUN
emaj-92	346	9	in	in	ADP
emaj-92	346	10	hand	hand	NOUN
emaj-92	346	11	with	with	ADP
emaj-92	346	12	large	large	ADJ
emaj-92	346	13	foreign	foreign	ADJ
emaj-92	346	14	direct	direct	ADJ
emaj-92	346	15	investment	investment	NOUN
emaj-92	346	16	as	as	ADV
emaj-92	346	17	well	well	ADV
emaj-92	346	18	as	as	ADP
emaj-92	346	19	the	the	DET
emaj-92	346	20	implementation	implementation	NOUN
emaj-92	346	21	of	of	ADP
emaj-92	346	22	reforms	reform	NOUN
emaj-92	346	23	related	relate	VERB
emaj-92	346	24	to	to	ADP
emaj-92	346	25	eu	eu	PROPN
emaj-92	346	26	integration	integration	NOUN
emaj-92	346	27	.	.	PUNCT
emaj-92	347	1	european	european	ADJ
emaj-92	347	2	financial	financial	ADJ
emaj-92	347	3	markets	market	NOUN
emaj-92	347	4	(	(	PUNCT
emaj-92	347	5	see	see	VERB
emaj-92	347	6	:	:	PUNCT
emaj-92	347	7	erdogan	erdogan	ADJ
emaj-92	347	8	2008	2008	NUM
emaj-92	347	9	)	)	PUNCT
emaj-92	347	10	have	have	AUX
emaj-92	347	11	faced	face	VERB
emaj-92	347	12	crucial	crucial	ADJ
emaj-92	347	13	structural	structural	ADJ
emaj-92	347	14	and	and	CCONJ
emaj-92	347	15	institutional	institutional	ADJ
emaj-92	347	16	adjustments	adjustment	NOUN
emaj-92	347	17	with	with	ADP
emaj-92	347	18	the	the	DET
emaj-92	347	19	aim	aim	NOUN
emaj-92	347	20	of	of	ADP
emaj-92	347	21	accelerating	accelerate	VERB
emaj-92	347	22	financial	financial	ADJ
emaj-92	347	23	integration	integration	NOUN
emaj-92	347	24	in	in	ADP
emaj-92	347	25	the	the	DET
emaj-92	347	26	money	money	NOUN
emaj-92	347	27	,	,	PUNCT
emaj-92	347	28	credit	credit	NOUN
emaj-92	347	29	,	,	PUNCT
emaj-92	347	30	bond	bond	NOUN
emaj-92	347	31	,	,	PUNCT
emaj-92	347	32	and	and	CCONJ
emaj-92	347	33	equity	equity	NOUN
emaj-92	347	34	markets	market	NOUN
emaj-92	347	35	.	.	PUNCT
emaj-92	348	1	the	the	DET
emaj-92	348	2	process	process	NOUN
emaj-92	348	3	of	of	ADP
emaj-92	348	4	integration	integration	NOUN
emaj-92	348	5	should	should	AUX
emaj-92	348	6	increase	increase	VERB
emaj-92	348	7	cross	cross	ADJ
emaj-92	348	8	-	-	ADJ
emaj-92	348	9	border	border	ADJ
emaj-92	348	10	investments	investment	NOUN
emaj-92	348	11	among	among	ADP
emaj-92	348	12	countries	country	NOUN
emaj-92	348	13	which	which	PRON
emaj-92	348	14	have	have	AUX
emaj-92	348	15	joined	join	VERB
emaj-92	348	16	the	the	DET
emaj-92	348	17	eu	eu	PROPN
emaj-92	348	18	and	and	CCONJ
emaj-92	348	19	are	be	AUX
emaj-92	348	20	in	in	ADP
emaj-92	348	21	the	the	DET
emaj-92	348	22	process	process	NOUN
emaj-92	348	23	of	of	ADP
emaj-92	348	24	joining	join	VERB
emaj-92	348	25	the	the	DET
emaj-92	348	26	european	european	ADJ
emaj-92	348	27	and	and	CCONJ
emaj-92	348	28	economic	economic	ADJ
emaj-92	348	29	monetary	monetary	ADJ
emaj-92	348	30	union	union	NOUN
emaj-92	348	31	(	(	PUNCT
emaj-92	348	32	more	more	ADJ
emaj-92	348	33	in	in	ADP
emaj-92	348	34	:	:	PUNCT
emaj-92	348	35	de	de	X
emaj-92	348	36	santis	santis	PROPN
emaj-92	348	37	and	and	CCONJ
emaj-92	348	38	gerard	gerard	PROPN
emaj-92	348	39	2006	2006	NUM
emaj-92	348	40	,	,	PUNCT
emaj-92	348	41	dvorák	dvorák	NOUN
emaj-92	348	42	and	and	CCONJ
emaj-92	348	43	podpiera	podpiera	NOUN
emaj-92	348	44	2006	2006	NUM
emaj-92	348	45	,	,	PUNCT
emaj-92	348	46	christiansen	christiansen	PROPN
emaj-92	348	47	and	and	CCONJ
emaj-92	348	48	ranaldo	ranaldo	PROPN
emaj-92	348	49	2008	2008	NUM
emaj-92	348	50	)	)	PUNCT
emaj-92	348	51	.	.	PUNCT
emaj-92	349	1	the	the	DET
emaj-92	349	2	positive	positive	ADJ
emaj-92	349	3	influence	influence	NOUN
emaj-92	349	4	of	of	ADP
emaj-92	349	5	capital	capital	NOUN
emaj-92	349	6	inflow	inflow	NOUN
emaj-92	349	7	which	which	PRON
emaj-92	349	8	is	be	AUX
emaj-92	349	9	obvious	obvious	ADJ
emaj-92	349	10	in	in	ADP
emaj-92	349	11	the	the	DET
emaj-92	349	12	findings	finding	NOUN
emaj-92	349	13	concerning	concern	VERB
emaj-92	349	14	croatia	croatia	PROPN
emaj-92	349	15	’s	’s	PART
emaj-92	349	16	regression	regression	NOUN
emaj-92	349	17	reinforces	reinforce	VERB
emaj-92	349	18	the	the	DET
emaj-92	349	19	theory	theory	NOUN
emaj-92	349	20	that	that	SCONJ
emaj-92	349	21	foreign	foreign	ADJ
emaj-92	349	22	direct	direct	ADJ
emaj-92	349	23	investments	investment	NOUN
emaj-92	349	24	in	in	ADP
emaj-92	349	25	developing	develop	VERB
emaj-92	349	26	economies	economy	NOUN
emaj-92	349	27	have	have	AUX
emaj-92	349	28	grown	grow	VERB
emaj-92	349	29	rapidly	rapidly	ADV
emaj-92	349	30	,	,	PUNCT
emaj-92	349	31	following	follow	VERB
emaj-92	349	32	financial	financial	ADJ
emaj-92	349	33	and	and	CCONJ
emaj-92	349	34	political	political	ADJ
emaj-92	349	35	transformations	transformation	NOUN
emaj-92	349	36	(	(	PUNCT
emaj-92	349	37	see	see	VERB
emaj-92	349	38	:	:	PUNCT
emaj-92	349	39	berben	berben	PROPN
emaj-92	349	40	and	and	CCONJ
emaj-92	349	41	jansen	jansen	PROPN
emaj-92	349	42	2005	2005	NUM
emaj-92	349	43	,	,	PUNCT
emaj-92	349	44	horobet	horobet	ADJ
emaj-92	349	45	and	and	CCONJ
emaj-92	349	46	ilie	ilie	PROPN
emaj-92	349	47	2007	2007	NUM
emaj-92	349	48	)	)	PUNCT
emaj-92	349	49	.	.	PUNCT
emaj-92	350	1	the	the	DET
emaj-92	350	2	dramatic	dramatic	ADJ
emaj-92	350	3	increase	increase	NOUN
emaj-92	350	4	in	in	ADP
emaj-92	350	5	stock	stock	NOUN
emaj-92	350	6	prices	price	NOUN
emaj-92	350	7	in	in	ADP
emaj-92	350	8	eu	eu	PROPN
emaj-92	350	9	accession	accession	NOUN
emaj-92	350	10	countries	country	NOUN
emaj-92	350	11	clearly	clearly	ADV
emaj-92	350	12	followed	follow	VERB
emaj-92	350	13	the	the	DET
emaj-92	350	14	announcement	announcement	NOUN
emaj-92	350	15	of	of	ADP
emaj-92	350	16	eu	eu	PROPN
emaj-92	350	17	enlargement	enlargement	NOUN
emaj-92	350	18	(	(	PUNCT
emaj-92	350	19	for	for	ADP
emaj-92	350	20	bulgaria	bulgaria	PROPN
emaj-92	350	21	,	,	PUNCT
emaj-92	350	22	romania	romania	PROPN
emaj-92	350	23	and	and	CCONJ
emaj-92	350	24	slovenia	slovenia	PROPN
emaj-92	350	25	,	,	PUNCT
emaj-92	350	26	and	and	CCONJ
emaj-92	350	27	subsequently	subsequently	ADV
emaj-92	350	28	croatia	croatia	PROPN
emaj-92	350	29	and	and	CCONJ
emaj-92	350	30	montenegro	montenegro	PROPN
emaj-92	350	31	)	)	PUNCT
emaj-92	350	32	.	.	PUNCT
emaj-92	351	1	croatia	croatia	PROPN
emaj-92	351	2	’s	’s	PART
emaj-92	351	3	fdi	fdi	NOUN
emaj-92	351	4	inflows	inflow	NOUN
emaj-92	351	5	increased	increase	VERB
emaj-92	351	6	by	by	ADP
emaj-92	351	7	up	up	ADP
emaj-92	351	8	to	to	PART
emaj-92	351	9	eur	eur	PROPN
emaj-92	351	10	1	1	NUM
emaj-92	351	11	billion	billion	NUM
emaj-92	351	12	,	,	PUNCT
emaj-92	351	13	especially	especially	ADV
emaj-92	351	14	in	in	ADP
emaj-92	351	15	2005	2005	NUM
emaj-92	351	16	(	(	PUNCT
emaj-92	351	17	after	after	ADP
emaj-92	351	18	the	the	DET
emaj-92	351	19	announcement	announcement	NOUN
emaj-92	351	20	of	of	ADP
emaj-92	351	21	its	its	PRON
emaj-92	351	22	eu	eu	PROPN
emaj-92	351	23	candidate	candidate	NOUN
emaj-92	351	24	status	status	NOUN
emaj-92	351	25	)	)	PUNCT
emaj-92	351	26	.	.	PUNCT
emaj-92	352	1	the	the	DET
emaj-92	352	2	most	most	ADJ
emaj-92	352	3	part	part	NOUN
emaj-92	352	4	of	of	ADP
emaj-92	352	5	fdi	fdi	ADJ
emaj-92	352	6	inflow	inflow	NOUN
emaj-92	352	7	in	in	ADP
emaj-92	352	8	croatia	croatia	PROPN
emaj-92	352	9	was	be	AUX
emaj-92	352	10	through	through	ADP
emaj-92	352	11	the	the	DET
emaj-92	352	12	acquisition	acquisition	NOUN
emaj-92	352	13	of	of	ADP
emaj-92	352	14	existing	exist	VERB
emaj-92	352	15	companies	company	NOUN
emaj-92	352	16	(	(	PUNCT
emaj-92	352	17	mostly	mostly	ADV
emaj-92	352	18	through	through	ADP
emaj-92	352	19	privatization	privatization	NOUN
emaj-92	352	20	of	of	ADP
emaj-92	352	21	services	service	NOUN
emaj-92	352	22	sector	sector	NOUN
emaj-92	352	23	,	,	PUNCT
emaj-92	352	24	telecommunications	telecommunication	NOUN
emaj-92	352	25	and	and	CCONJ
emaj-92	352	26	financial	financial	ADJ
emaj-92	352	27	services	service	NOUN
emaj-92	352	28	)	)	PUNCT
emaj-92	352	29	.	.	PUNCT
emaj-92	353	1	the	the	DET
emaj-92	353	2	findings	finding	NOUN
emaj-92	353	3	also	also	ADV
emaj-92	353	4	confirmed	confirm	VERB
emaj-92	353	5	the	the	DET
emaj-92	353	6	exchange	exchange	NOUN
emaj-92	353	7	rate	rate	NOUN
emaj-92	353	8	as	as	ADP
emaj-92	353	9	an	an	DET
emaj-92	353	10	important	important	ADJ
emaj-92	353	11	explanatory	explanatory	ADJ
emaj-92	353	12	variable	variable	NOUN
emaj-92	353	13	that	that	PRON
emaj-92	353	14	has	have	VERB
emaj-92	353	15	a	a	DET
emaj-92	353	16	significant	significant	ADJ
emaj-92	353	17	impact	impact	NOUN
emaj-92	353	18	on	on	ADP
emaj-92	353	19	crobex	crobex	NOUN
emaj-92	353	20	.	.	PUNCT
emaj-92	354	1	the	the	DET
emaj-92	354	2	depreciation	depreciation	NOUN
emaj-92	354	3	of	of	ADP
emaj-92	354	4	exchange	exchange	NOUN
emaj-92	354	5	rates	rate	NOUN
emaj-92	354	6	has	have	VERB
emaj-92	354	7	adverse	adverse	ADJ
emaj-92	354	8	effects	effect	NOUN
emaj-92	354	9	on	on	ADP
emaj-92	354	10	exporters	exporter	NOUN
emaj-92	354	11	and	and	CCONJ
emaj-92	354	12	importers	importer	NOUN
emaj-92	354	13	alike	alike	ADV
emaj-92	354	14	.	.	PUNCT
emaj-92	355	1	exporters	exporter	NOUN
emaj-92	355	2	have	have	VERB
emaj-92	355	3	an	an	DET
emaj-92	355	4	advantage	advantage	NOUN
emaj-92	355	5	over	over	ADP
emaj-92	355	6	those	those	PRON
emaj-92	355	7	in	in	ADP
emaj-92	355	8	other	other	ADJ
emaj-92	355	9	countries	country	NOUN
emaj-92	355	10	as	as	SCONJ
emaj-92	355	11	their	their	PRON
emaj-92	355	12	sales	sale	NOUN
emaj-92	355	13	increase	increase	NOUN
emaj-92	355	14	and	and	CCONJ
emaj-92	355	15	their	their	PRON
emaj-92	355	16	stock	stock	NOUN
emaj-92	355	17	prices	price	NOUN
emaj-92	355	18	go	go	VERB
emaj-92	355	19	up	up	ADP
emaj-92	355	20	(	(	PUNCT
emaj-92	355	21	see	see	VERB
emaj-92	355	22	:	:	PUNCT
emaj-92	355	23	berben	berben	PROPN
emaj-92	355	24	and	and	CCONJ
emaj-92	355	25	jansen	jansen	PROPN
emaj-92	355	26	2005	2005	NUM
emaj-92	355	27	,	,	PUNCT
emaj-92	355	28	yau	yau	PROPN
emaj-92	355	29	and	and	CCONJ
emaj-92	355	30	nieh	nieh	PROPN
emaj-92	355	31	,	,	PUNCT
emaj-92	355	32	2006	2006	NUM
emaj-92	355	33	andhorobet	andhorobet	VERB
emaj-92	355	34	and	and	CCONJ
emaj-92	355	35	ilie	ilie	PROPN
emaj-92	355	36	2007	2007	NUM
emaj-92	355	37	,	,	PUNCT
emaj-92	355	38	adjasi	adjasi	NOUN
emaj-92	355	39	et	et	PROPN
emaj-92	355	40	al	al	PROPN
emaj-92	355	41	.	.	PROPN
emaj-92	355	42	2008	2008	NUM
emaj-92	355	43	,	,	PUNCT
emaj-92	355	44	knif	knif	PROPN
emaj-92	355	45	et	et	PROPN
emaj-92	355	46	al	al	PROPN
emaj-92	355	47	.	.	PROPN
emaj-92	355	48	2008	2008	NUM
emaj-92	355	49	)	)	PUNCT
emaj-92	355	50	.	.	PUNCT
emaj-92	356	1	while	while	SCONJ
emaj-92	356	2	croatia	croatia	PROPN
emaj-92	356	3	imports	import	NOUN
emaj-92	356	4	goods	good	NOUN
emaj-92	356	5	and	and	CCONJ
emaj-92	356	6	services	service	NOUN
emaj-92	356	7	rather	rather	ADV
emaj-92	356	8	than	than	ADP
emaj-92	356	9	export	export	VERB
emaj-92	356	10	them	they	PRON
emaj-92	356	11	,	,	PUNCT
emaj-92	356	12	the	the	DET
emaj-92	356	13	depreciation	depreciation	NOUN
emaj-92	356	14	of	of	ADP
emaj-92	356	15	exchange	exchange	NOUN
emaj-92	356	16	rates	rate	NOUN
emaj-92	356	17	has	have	VERB
emaj-92	356	18	a	a	DET
emaj-92	356	19	negative	negative	ADJ
emaj-92	356	20	impact	impact	NOUN
emaj-92	356	21	on	on	ADP
emaj-92	356	22	the	the	DET
emaj-92	356	23	stock	stock	NOUN
emaj-92	356	24	exchange	exchange	NOUN
emaj-92	356	25	rate	rate	NOUN
emaj-92	356	26	.	.	PUNCT
emaj-92	357	1	like	like	ADP
emaj-92	357	2	many	many	ADJ
emaj-92	357	3	other	other	ADJ
emaj-92	357	4	countries	country	NOUN
emaj-92	357	5	in	in	ADP
emaj-92	357	6	the	the	DET
emaj-92	357	7	early	early	ADJ
emaj-92	357	8	phases	phase	NOUN
emaj-92	357	9	of	of	ADP
emaj-92	357	10	transition	transition	NOUN
emaj-92	357	11	,	,	PUNCT
emaj-92	357	12	croatia	croatia	PROPN
emaj-92	357	13	relied	rely	VERB
emaj-92	357	14	mainly	mainly	ADV
emaj-92	357	15	on	on	ADP
emaj-92	357	16	exchange	exchange	NOUN
emaj-92	357	17	rate	rate	NOUN
emaj-92	357	18	anchors	anchor	NOUN
emaj-92	357	19	to	to	PART
emaj-92	357	20	lower	lower	VERB
emaj-92	357	21	inflation	inflation	NOUN
emaj-92	357	22	.	.	PUNCT
emaj-92	358	1	however	however	ADV
emaj-92	358	2	,	,	PUNCT
emaj-92	358	3	in	in	ADP
emaj-92	358	4	the	the	DET
emaj-92	358	5	early	early	ADJ
emaj-92	358	6	1990s	1990	NOUN
emaj-92	358	7	most	most	ADV
emaj-92	358	8	southeastern	southeastern	ADJ
emaj-92	358	9	and	and	CCONJ
emaj-92	358	10	central	central	ADJ
emaj-92	358	11	european	european	ADJ
emaj-92	358	12	countries	country	NOUN
emaj-92	358	13	pegged	peg	VERB
emaj-92	358	14	their	their	PRON
emaj-92	358	15	currencies	currency	NOUN
emaj-92	358	16	to	to	ADP
emaj-92	358	17	the	the	DET
emaj-92	358	18	dollar	dollar	NOUN
emaj-92	358	19	or	or	CCONJ
emaj-92	358	20	currency	currency	NOUN
emaj-92	358	21	baskets	basket	NOUN
emaj-92	358	22	,	,	PUNCT
emaj-92	358	23	which	which	PRON
emaj-92	358	24	contained	contain	VERB
emaj-92	358	25	both	both	CCONJ
emaj-92	358	26	the	the	DET
emaj-92	358	27	dollar	dollar	NOUN
emaj-92	358	28	and	and	CCONJ
emaj-92	358	29	european	european	ADJ
emaj-92	358	30	currencies	currency	NOUN
emaj-92	358	31	,	,	PUNCT
emaj-92	358	32	exchange	exchange	NOUN
emaj-92	358	33	rate	rate	NOUN
emaj-92	358	34	strategies	strategy	NOUN
emaj-92	358	35	have	have	AUX
emaj-92	358	36	been	be	AUX
emaj-92	358	37	gradually	gradually	ADV
emaj-92	358	38	redirected	redirect	VERB
emaj-92	358	39	towards	towards	ADP
emaj-92	358	40	the	the	DET
emaj-92	358	41	euro	euro	NOUN
emaj-92	358	42	(	(	PUNCT
emaj-92	358	43	see	see	NOUN
emaj-92	358	44	:	:	PUNCT
emaj-92	358	45	schnabl	schnabl	NOUN
emaj-92	358	46	2004	2004	NUM
emaj-92	358	47	)	)	PUNCT
emaj-92	358	48	.	.	PUNCT
emaj-92	359	1	increased	increase	VERB
emaj-92	359	2	financial	financial	ADJ
emaj-92	359	3	integration	integration	NOUN
emaj-92	359	4	implies	imply	VERB
emaj-92	359	5	that	that	SCONJ
emaj-92	359	6	the	the	DET
emaj-92	359	7	benefits	benefit	NOUN
emaj-92	359	8	from	from	ADP
emaj-92	359	9	adopting	adopt	VERB
emaj-92	359	10	the	the	DET
emaj-92	359	11	euro	euro	NOUN
emaj-92	359	12	will	will	AUX
emaj-92	359	13	increase	increase	VERB
emaj-92	359	14	over	over	ADP
emaj-92	359	15	time	time	NOUN
emaj-92	359	16	.	.	PUNCT
emaj-92	360	1	the	the	DET
emaj-92	360	2	croatian	croatian	PROPN
emaj-92	360	3	kuna	kuna	PROPN
emaj-92	360	4	has	have	AUX
emaj-92	360	5	gradually	gradually	ADV
emaj-92	360	6	appreciated	appreciate	VERB
emaj-92	360	7	since	since	SCONJ
emaj-92	360	8	the	the	DET
emaj-92	360	9	beginning	beginning	NOUN
emaj-92	360	10	of	of	ADP
emaj-92	360	11	2005	2005	NUM
emaj-92	360	12	and	and	CCONJ
emaj-92	360	13	exchange	exchange	NOUN
emaj-92	360	14	rate	rate	NOUN
emaj-92	360	15	movements	movement	NOUN
emaj-92	360	16	in	in	ADP
emaj-92	360	17	croatia	croatia	PROPN
emaj-92	360	18	are	be	AUX
emaj-92	360	19	characterized	characterize	VERB
emaj-92	360	20	by	by	ADP
emaj-92	360	21	the	the	DET
emaj-92	360	22	usual	usual	ADJ
emaj-92	360	23	seasonal	seasonal	ADJ
emaj-92	360	24	pattern	pattern	NOUN
emaj-92	360	25	reflecting	reflect	VERB
emaj-92	360	26	tourism	tourism	NOUN
emaj-92	360	27	.	.	PUNCT
emaj-92	361	1	evidence	evidence	NOUN
emaj-92	361	2	of	of	ADP
emaj-92	361	3	a	a	DET
emaj-92	361	4	strong	strong	ADJ
emaj-92	361	5	relationship	relationship	NOUN
emaj-92	361	6	between	between	ADP
emaj-92	361	7	stock	stock	NOUN
emaj-92	361	8	prices	price	NOUN
emaj-92	361	9	and	and	CCONJ
emaj-92	361	10	exchange	exchange	NOUN
emaj-92	361	11	rates	rate	NOUN
emaj-92	361	12	in	in	ADP
emaj-92	361	13	the	the	DET
emaj-92	361	14	case	case	NOUN
emaj-92	361	15	of	of	ADP
emaj-92	361	16	croatia	croatia	PROPN
emaj-92	361	17	can	can	AUX
emaj-92	361	18	also	also	ADV
emaj-92	361	19	be	be	AUX
emaj-92	361	20	explained	explain	VERB
emaj-92	361	21	by	by	ADP
emaj-92	361	22	the	the	DET
emaj-92	361	23	fact	fact	NOUN
emaj-92	361	24	that	that	SCONJ
emaj-92	361	25	the	the	DET
emaj-92	361	26	croatian	croatian	ADJ
emaj-92	361	27	economy	economy	NOUN
emaj-92	361	28	partly	partly	ADV
emaj-92	361	29	depends	depend	VERB
emaj-92	361	30	on	on	ADP
emaj-92	361	31	services	service	NOUN
emaj-92	361	32	such	such	ADJ
emaj-92	361	33	as	as	ADP
emaj-92	361	34	tourism	tourism	NOUN
emaj-92	361	35	.	.	PUNCT
emaj-92	362	1	every	every	DET
emaj-92	362	2	year	year	NOUN
emaj-92	362	3	the	the	DET
emaj-92	362	4	exchange	exchange	NOUN
emaj-92	362	5	rate	rate	NOUN
emaj-92	362	6	of	of	ADP
emaj-92	362	7	the	the	DET
emaj-92	362	8	kuna	kuna	PROPN
emaj-92	362	9	vis	vis	X
emaj-92	362	10	-	-	PUNCT
emaj-92	362	11	àvis	àvis	NOUN
emaj-92	362	12	the	the	DET
emaj-92	362	13	euro	euro	NOUN
emaj-92	362	14	appreciates	appreciate	VERB
emaj-92	362	15	before	before	ADP
emaj-92	362	16	the	the	DET
emaj-92	362	17	summer	summer	NOUN
emaj-92	362	18	and	and	CCONJ
emaj-92	362	19	depreciates	depreciate	VERB
emaj-92	362	20	by	by	ADP
emaj-92	362	21	some	some	DET
emaj-92	362	22	2.7	2.7	NUM
emaj-92	362	23	%	%	NOUN
emaj-92	362	24	between	between	ADP
emaj-92	362	25	august	august	PROPN
emaj-92	362	26	and	and	CCONJ
emaj-92	362	27	october	october	PROPN
emaj-92	362	28	.	.	PUNCT
emaj-92	363	1	due	due	ADP
emaj-92	363	2	to	to	ADP
emaj-92	363	3	strong	strong	ADJ
emaj-92	363	4	foreign	foreign	ADJ
emaj-92	363	5	exchange	exchange	NOUN
emaj-92	363	6	inflows	inflow	NOUN
emaj-92	363	7	in	in	ADP
emaj-92	363	8	the	the	DET
emaj-92	363	9	high	high	ADJ
emaj-92	363	10	tourist	tourist	NOUN
emaj-92	363	11	season	season	NOUN
emaj-92	363	12	,	,	PUNCT
emaj-92	363	13	the	the	DET
emaj-92	363	14	croatian	croatian	ADJ
emaj-92	363	15	real	real	ADJ
emaj-92	363	16	exchange	exchange	NOUN
emaj-92	363	17	rate	rate	NOUN
emaj-92	363	18	is	be	AUX
emaj-92	363	19	under	under	ADP
emaj-92	363	20	constant	constant	ADJ
emaj-92	363	21	pressure	pressure	NOUN
emaj-92	363	22	to	to	PART
emaj-92	363	23	appreciate	appreciate	VERB
emaj-92	363	24	(	(	PUNCT
emaj-92	363	25	holzner	holzner	NOUN
emaj-92	363	26	2005	2005	NUM
emaj-92	363	27	)	)	PUNCT
emaj-92	363	28	.	.	PUNCT
emaj-92	364	1	copeland	copeland	PROPN
emaj-92	364	2	(	(	PUNCT
emaj-92	364	3	1991	1991	NUM
emaj-92	364	4	)	)	PUNCT
emaj-92	364	5	showed	show	VERB
emaj-92	364	6	that	that	SCONJ
emaj-92	364	7	,	,	PUNCT
emaj-92	364	8	appreciation	appreciation	NOUN
emaj-92	364	9	of	of	ADP
emaj-92	364	10	the	the	DET
emaj-92	364	11	real	real	ADJ
emaj-92	364	12	exchange	exchange	NOUN
emaj-92	364	13	rate	rate	NOUN
emaj-92	364	14	is	be	AUX
emaj-92	364	15	a	a	DET
emaj-92	364	16	significant	significant	ADJ
emaj-92	364	17	mechanism	mechanism	NOUN
emaj-92	364	18	allowing	allow	VERB
emaj-92	364	19	tourism	tourism	NOUN
emaj-92	364	20	to	to	PART
emaj-92	364	21	benefit	benefit	VERB
emaj-92	364	22	the	the	DET
emaj-92	364	23	economy	economy	NOUN
emaj-92	364	24	(	(	PUNCT
emaj-92	364	25	dajčman	dajčman	PROPN
emaj-92	364	26	et	et	PROPN
emaj-92	364	27	al	al	PROPN
emaj-92	364	28	.	.	PROPN
emaj-92	364	29	2013	2013	NUM
emaj-92	364	30	)	)	PUNCT
emaj-92	364	31	.	.	PUNCT
emaj-92	365	1	a	a	DET
emaj-92	365	2	negative	negative	ADJ
emaj-92	365	3	result	result	NOUN
emaj-92	365	4	of	of	ADP
emaj-92	365	5	interest	interest	NOUN
emaj-92	365	6	rate	rate	NOUN
emaj-92	365	7	and	and	CCONJ
emaj-92	365	8	nonperforming	nonperforme	VERB
emaj-92	365	9	rate	rate	NOUN
emaj-92	365	10	is	be	AUX
emaj-92	365	11	in	in	ADP
emaj-92	365	12	line	line	NOUN
emaj-92	365	13	with	with	ADP
emaj-92	365	14	the	the	DET
emaj-92	365	15	theory	theory	NOUN
emaj-92	365	16	that	that	SCONJ
emaj-92	365	17	stock	stock	NOUN
emaj-92	365	18	market	market	NOUN
emaj-92	365	19	returns	return	NOUN
emaj-92	365	20	are	be	AUX
emaj-92	365	21	usually	usually	ADV
emaj-92	365	22	negatively	negatively	ADV
emaj-92	365	23	correlated	correlate	VERB
emaj-92	365	24	to	to	ADP
emaj-92	365	25	interest	interest	NOUN
emaj-92	365	26	rates	rate	NOUN
emaj-92	365	27	.	.	PUNCT
emaj-92	366	1	a	a	DET
emaj-92	366	2	rather	rather	ADV
emaj-92	366	3	high	high	ADJ
emaj-92	366	4	interest	interest	NOUN
emaj-92	366	5	rate	rate	NOUN
emaj-92	366	6	is	be	AUX
emaj-92	366	7	typical	typical	ADJ
emaj-92	366	8	for	for	ADP
emaj-92	366	9	transition	transition	NOUN
emaj-92	366	10	countries	country	NOUN
emaj-92	366	11	due	due	ADP
emaj-92	366	12	to	to	ADP
emaj-92	366	13	insufficient	insufficient	ADJ
emaj-92	366	14	national	national	ADJ
emaj-92	366	15	accumulation	accumulation	NOUN
emaj-92	366	16	and	and	CCONJ
emaj-92	366	17	available	available	ADJ
emaj-92	366	18	credit	credit	NOUN
emaj-92	366	19	supply	supply	NOUN
emaj-92	366	20	.	.	PUNCT
emaj-92	367	1	the	the	DET
emaj-92	367	2	transition	transition	NOUN
emaj-92	367	3	from	from	ADP
emaj-92	367	4	planned	plan	VERB
emaj-92	367	5	to	to	ADP
emaj-92	367	6	market	market	NOUN
emaj-92	367	7	economies	economy	NOUN
emaj-92	367	8	in	in	ADP
emaj-92	367	9	the	the	DET
emaj-92	367	10	see	see	NOUN
emaj-92	367	11	region	region	NOUN
emaj-92	367	12	has	have	AUX
emaj-92	367	13	led	lead	VERB
emaj-92	367	14	to	to	PART
emaj-92	367	15	rapid	rapid	ADJ
emaj-92	367	16	financial	financial	ADJ
emaj-92	367	17	developments	development	NOUN
emaj-92	367	18	.	.	PUNCT
emaj-92	368	1	a	a	DET
emaj-92	368	2	strong	strong	ADJ
emaj-92	368	3	presence	presence	NOUN
emaj-92	368	4	of	of	ADP
emaj-92	368	5	foreign	foreign	ADJ
emaj-92	368	6	banks	bank	NOUN
emaj-92	368	7	(	(	PUNCT
emaj-92	368	8	in	in	ADP
emaj-92	368	9	the	the	DET
emaj-92	368	10	case	case	NOUN
emaj-92	368	11	of	of	ADP
emaj-92	368	12	croatia	croatia	PROPN
emaj-92	368	13	,	,	PUNCT
emaj-92	368	14	italian	italian	ADJ
emaj-92	368	15	and	and	CCONJ
emaj-92	368	16	austrian	austrian	ADJ
emaj-92	368	17	banks	bank	NOUN
emaj-92	368	18	feature	feature	VERB
emaj-92	368	19	the	the	DET
emaj-92	368	20	most	most	ADJ
emaj-92	368	21	)	)	PUNCT
emaj-92	368	22	in	in	ADP
emaj-92	368	23	those	those	DET
emaj-92	368	24	countries	country	NOUN
emaj-92	368	25	in	in	ADP
emaj-92	368	26	the	the	DET
emaj-92	368	27	last	last	ADJ
emaj-92	368	28	decade	decade	NOUN
emaj-92	368	29	did	do	AUX
emaj-92	368	30	not	not	PART
emaj-92	368	31	seriously	seriously	ADV
emaj-92	368	32	help	help	VERB
emaj-92	368	33	in	in	ADP
emaj-92	368	34	reducing	reduce	VERB
emaj-92	368	35	interest	interest	NOUN
emaj-92	368	36	rates	rate	NOUN
emaj-92	368	37	,	,	PUNCT
emaj-92	368	38	but	but	CCONJ
emaj-92	368	39	it	it	PRON
emaj-92	368	40	widened	widen	VERB
emaj-92	368	41	the	the	DET
emaj-92	368	42	supply	supply	NOUN
emaj-92	368	43	of	of	ADP
emaj-92	368	44	different	different	ADJ
emaj-92	368	45	financial	financial	ADJ
emaj-92	368	46	products	product	NOUN
emaj-92	368	47	and	and	CCONJ
emaj-92	368	48	services	service	NOUN
emaj-92	368	49	to	to	ADP
emaj-92	368	50	the	the	DET
emaj-92	368	51	government	government	NOUN
emaj-92	368	52	,	,	PUNCT
emaj-92	368	53	companies	company	NOUN
emaj-92	368	54	and	and	CCONJ
emaj-92	368	55	households	household	NOUN
emaj-92	368	56	.	.	PUNCT
emaj-92	369	1	together	together	ADV
emaj-92	369	2	with	with	ADP
emaj-92	369	3	improved	improved	ADJ
emaj-92	369	4	access	access	NOUN
emaj-92	369	5	to	to	ADP
emaj-92	369	6	foreign	foreign	ADJ
emaj-92	369	7	loans	loan	NOUN
emaj-92	369	8	provided	provide	VERB
emaj-92	369	9	by	by	ADP
emaj-92	369	10	new	new	ADJ
emaj-92	369	11	private	private	ADJ
emaj-92	369	12	banks	bank	NOUN
emaj-92	369	13	,	,	PUNCT
emaj-92	369	14	this	this	PRON
emaj-92	369	15	has	have	AUX
emaj-92	369	16	helped	help	VERB
emaj-92	369	17	to	to	PART
emaj-92	369	18	fuel	fuel	VERB
emaj-92	369	19	a	a	DET
emaj-92	369	20	boom	boom	NOUN
emaj-92	369	21	in	in	ADP
emaj-92	369	22	lending	lending	NOUN
emaj-92	369	23	in	in	ADP
emaj-92	369	24	croatia	croatia	PROPN
emaj-92	369	25	(	(	PUNCT
emaj-92	369	26	see	see	VERB
emaj-92	369	27	:	:	PUNCT
emaj-92	369	28	poghossian	poghossian	ADJ
emaj-92	369	29	2008	2008	NUM
emaj-92	369	30	and	and	CCONJ
emaj-92	369	31	festić	festić	NOUN
emaj-92	369	32	et	et	PROPN
emaj-92	369	33	al	al	PROPN
emaj-92	369	34	.	.	PROPN
emaj-92	369	35	2009	2009	NUM
emaj-92	369	36	)	)	PUNCT
emaj-92	369	37	.	.	PUNCT
emaj-92	370	1	until	until	ADP
emaj-92	370	2	2008	2008	NUM
emaj-92	370	3	,	,	PUNCT
emaj-92	370	4	croatia	croatia	PROPN
emaj-92	370	5	had	have	VERB
emaj-92	370	6	the	the	DET
emaj-92	370	7	highest	high	ADJ
emaj-92	370	8	growth	growth	NOUN
emaj-92	370	9	rate	rate	NOUN
emaj-92	370	10	of	of	ADP
emaj-92	370	11	loans	loan	NOUN
emaj-92	370	12	that	that	PRON
emaj-92	370	13	have	have	AUX
emaj-92	370	14	been	be	AUX
emaj-92	370	15	given	give	VERB
emaj-92	370	16	to	to	ADP
emaj-92	370	17	the	the	DET
emaj-92	370	18	private	private	ADJ
emaj-92	370	19	sector	sector	NOUN
emaj-92	370	20	what	what	PRON
emaj-92	370	21	is	be	AUX
emaj-92	370	22	also	also	ADV
emaj-92	370	23	one	one	NUM
emaj-92	370	24	of	of	ADP
emaj-92	370	25	the	the	DET
emaj-92	370	26	characteristics	characteristic	NOUN
emaj-92	370	27	of	of	ADP
emaj-92	370	28	transition	transition	NOUN
emaj-92	370	29	countries	country	NOUN
emaj-92	370	30	.	.	PUNCT
emaj-92	371	1	many	many	ADJ
emaj-92	371	2	of	of	ADP
emaj-92	371	3	these	these	DET
emaj-92	371	4	loans	loan	NOUN
emaj-92	371	5	have	have	AUX
emaj-92	371	6	been	be	AUX
emaj-92	371	7	given	give	VERB
emaj-92	371	8	to	to	ADP
emaj-92	371	9	private	private	ADJ
emaj-92	371	10	individuals	individual	NOUN
emaj-92	371	11	for	for	ADP
emaj-92	371	12	the	the	DET
emaj-92	371	13	households	household	NOUN
emaj-92	371	14	which	which	PRON
emaj-92	371	15	,	,	PUNCT
emaj-92	371	16	after	after	ADP
emaj-92	371	17	the	the	DET
emaj-92	371	18	crisis	crisis	NOUN
emaj-92	371	19	,	,	PUNCT
emaj-92	371	20	become	become	VERB
emaj-92	371	21	non	non	ADJ
emaj-92	371	22	performing	perform	VERB
emaj-92	371	23	loans	loan	NOUN
emaj-92	371	24	because	because	SCONJ
emaj-92	371	25	many	many	ADJ
emaj-92	371	26	people	people	NOUN
emaj-92	371	27	lost	lose	VERB
emaj-92	371	28	their	their	PRON
emaj-92	371	29	jobs	job	NOUN
emaj-92	371	30	and	and	CCONJ
emaj-92	371	31	payment	payment	NOUN
emaj-92	371	32	ability	ability	NOUN
emaj-92	371	33	.	.	PUNCT
emaj-92	372	1	in	in	ADP
emaj-92	372	2	poland	poland	PROPN
emaj-92	372	3	,	,	PUNCT
emaj-92	372	4	hungary	hungary	PROPN
emaj-92	372	5	as	as	ADV
emaj-92	372	6	well	well	ADV
emaj-92	372	7	as	as	ADP
emaj-92	372	8	in	in	ADP
emaj-92	372	9	croatia	croatia	PROPN
emaj-92	372	10	,	,	PUNCT
emaj-92	372	11	a	a	DET
emaj-92	372	12	large	large	ADJ
emaj-92	372	13	number	number	NOUN
emaj-92	372	14	of	of	ADP
emaj-92	372	15	house	house	NOUN
emaj-92	372	16	buyers	buyer	NOUN
emaj-92	372	17	took	take	VERB
emaj-92	372	18	out	out	ADP
emaj-92	372	19	loans	loan	NOUN
emaj-92	372	20	in	in	ADP
emaj-92	372	21	foreign	foreign	ADJ
emaj-92	372	22	currencies	currency	NOUN
emaj-92	372	23	,	,	PUNCT
emaj-92	372	24	especially	especially	ADV
emaj-92	372	25	swiss	swiss	ADJ
emaj-92	372	26	francs	franc	NOUN
emaj-92	372	27	,	,	PUNCT
emaj-92	372	28	before	before	ADP
emaj-92	372	29	the	the	DET
emaj-92	372	30	crisis	crisis	NOUN
emaj-92	372	31	.	.	PUNCT
emaj-92	373	1	in	in	ADP
emaj-92	373	2	the	the	DET
emaj-92	373	3	past	past	NOUN
emaj-92	373	4	,	,	PUNCT
emaj-92	373	5	those	those	DET
emaj-92	373	6	customers	customer	NOUN
emaj-92	373	7	were	be	AUX
emaj-92	373	8	lured	lure	VERB
emaj-92	373	9	by	by	ADP
emaj-92	373	10	lower	low	ADJ
emaj-92	373	11	interest	interest	NOUN
emaj-92	373	12	rates	rate	NOUN
emaj-92	373	13	,	,	PUNCT
emaj-92	373	14	yet	yet	CCONJ
emaj-92	373	15	they	they	PRON
emaj-92	373	16	were	be	AUX
emaj-92	373	17	not	not	PART
emaj-92	373	18	fully	fully	ADV
emaj-92	373	19	aware	aware	ADJ
emaj-92	373	20	of	of	ADP
emaj-92	373	21	the	the	DET
emaj-92	373	22	currency	currency	NOUN
emaj-92	373	23	risk	risk	NOUN
emaj-92	373	24	related	relate	VERB
emaj-92	373	25	to	to	ADP
emaj-92	373	26	those	those	DET
emaj-92	373	27	loans	loan	NOUN
emaj-92	373	28	(	(	PUNCT
emaj-92	373	29	e.g.	e.g.	ADV
emaj-92	373	30	reiffeisen	reiffeisen	VERB
emaj-92	373	31	bank	bank	PROPN
emaj-92	373	32	and	and	CCONJ
emaj-92	373	33	erste	erste	PROPN
emaj-92	373	34	bank	bank	PROPN
emaj-92	373	35	)	)	PUNCT
emaj-92	373	36	.	.	PUNCT
emaj-92	374	1	in	in	ADP
emaj-92	374	2	particular	particular	ADJ
emaj-92	374	3	,	,	PUNCT
emaj-92	374	4	exchange	exchange	NOUN
emaj-92	374	5	rate	rate	NOUN
emaj-92	374	6	depreciations	depreciation	NOUN
emaj-92	374	7	might	might	AUX
emaj-92	374	8	lead	lead	VERB
emaj-92	374	9	to	to	ADP
emaj-92	374	10	an	an	DET
emaj-92	374	11	increase	increase	NOUN
emaj-92	374	12	of	of	ADP
emaj-92	374	13	nonperforming	nonperforme	VERB
emaj-92	374	14	loans	loan	NOUN
emaj-92	374	15	in	in	ADP
emaj-92	374	16	countries	country	NOUN
emaj-92	374	17	with	with	ADP
emaj-92	374	18	a	a	DET
emaj-92	374	19	high	high	ADJ
emaj-92	374	20	degree	degree	NOUN
emaj-92	374	21	of	of	ADP
emaj-92	374	22	lending	lending	NOUN
emaj-92	374	23	in	in	ADP
emaj-92	374	24	foreign	foreign	ADJ
emaj-92	374	25	currencies	currency	NOUN
emaj-92	374	26	to	to	ADP
emaj-92	374	27	unhedged	unhedged	ADJ
emaj-92	374	28	borrowers	borrower	NOUN
emaj-92	374	29	(	(	PUNCT
emaj-92	374	30	approximated	approximate	VERB
emaj-92	374	31	by	by	ADP
emaj-92	374	32	international	international	ADJ
emaj-92	374	33	claims	claim	NOUN
emaj-92	374	34	which	which	PRON
emaj-92	374	35	are	be	AUX
emaj-92	374	36	mainly	mainly	ADV
emaj-92	374	37	denominated	denominate	VERB
emaj-92	374	38	in	in	ADP
emaj-92	374	39	foreign	foreign	ADJ
emaj-92	374	40	currencies	currency	NOUN
emaj-92	374	41	)	)	PUNCT
emaj-92	374	42	.	.	PUNCT
emaj-92	375	1	a	a	DET
emaj-92	375	2	drop	drop	NOUN
emaj-92	375	3	in	in	ADP
emaj-92	375	4	stock	stock	NOUN
emaj-92	375	5	prices	price	NOUN
emaj-92	375	6	also	also	ADV
emaj-92	375	7	negatively	negatively	ADV
emaj-92	375	8	affects	affect	VERB
emaj-92	375	9	bank	bank	NOUN
emaj-92	375	10	asset	asset	NOUN
emaj-92	375	11	quality	quality	NOUN
emaj-92	375	12	,	,	PUNCT
emaj-92	375	13	in	in	ADP
emaj-92	375	14	particular	particular	ADJ
emaj-92	375	15	in	in	ADP
emaj-92	375	16	countries	country	NOUN
emaj-92	375	17	with	with	ADP
emaj-92	375	18	large	large	ADJ
emaj-92	375	19	stock	stock	NOUN
emaj-92	375	20	markets	market	NOUN
emaj-92	375	21	relative	relative	ADJ
emaj-92	375	22	to	to	ADP
emaj-92	375	23	the	the	DET
emaj-92	375	24	economy	economy	NOUN
emaj-92	375	25	(	(	PUNCT
emaj-92	375	26	beck	beck	NOUN
emaj-92	375	27	,	,	PUNCT
emaj-92	375	28	2013	2013	NUM
emaj-92	375	29	)	)	PUNCT
emaj-92	375	30	.	.	PUNCT
emaj-92	376	1	volume	volume	NOUN
emaj-92	376	2	6	6	NUM
emaj-92	376	3	no	no	DET
emaj-92	376	4	1	1	NUM
emaj-92	376	5	(	(	PUNCT
emaj-92	376	6	2016	2016	NUM
emaj-92	376	7	)	)	PUNCT
emaj-92	376	8	|	|	ADV
emaj-92	376	9	issn	issn	VERB
emaj-92	376	10	2158	2158	NUM
emaj-92	376	11	-	-	SYM
emaj-92	376	12	8708	8708	NUM
emaj-92	376	13	(	(	PUNCT
emaj-92	376	14	online	online	NOUN
emaj-92	376	15	)	)	PUNCT
emaj-92	376	16	|	|	ADV
emaj-92	376	17	doi	doi	X
emaj-92	376	18	10.5195	10.5195	NUM
emaj-92	376	19	/	/	SYM
emaj-92	376	20	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	376	21	|	|	ADV
emaj-92	376	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	376	23	testing	test	VERB
emaj-92	376	24	the	the	DET
emaj-92	376	25	‘	'	PUNCT
emaj-92	376	26	black	black	ADJ
emaj-92	376	27	swan	swan	NOUN
emaj-92	376	28	effect	effect	NOUN
emaj-92	376	29	’	'	PUNCT
emaj-92	376	30	on	on	ADP
emaj-92	376	31	croatian	croatian	ADJ
emaj-92	376	32	stock	stock	NOUN
emaj-92	376	33	market	market	NOUN
emaj-92	376	34	between	between	ADP
emaj-92	376	35	2000	2000	NUM
emaj-92	376	36	and	and	CCONJ
emaj-92	376	37	2013	2013	NUM
emaj-92	376	38	page	page	NOUN
emaj-92	376	39	|12|	|12|	NOUN
emaj-92	376	40	emerging	emerge	VERB
emaj-92	376	41	markets	market	NOUN
emaj-92	376	42	journal	journal	NOUN
emaj-92	376	43	inflation	inflation	NOUN
emaj-92	376	44	and	and	CCONJ
emaj-92	376	45	the	the	DET
emaj-92	376	46	stock	stock	NOUN
emaj-92	376	47	exchange	exchange	NOUN
emaj-92	376	48	in	in	ADP
emaj-92	376	49	croatia	croatia	PROPN
emaj-92	376	50	are	be	AUX
emaj-92	376	51	positively	positively	ADV
emaj-92	376	52	correlated	correlate	VERB
emaj-92	376	53	in	in	ADP
emaj-92	376	54	our	our	PRON
emaj-92	376	55	research	research	NOUN
emaj-92	376	56	,	,	PUNCT
emaj-92	376	57	confirming	confirm	VERB
emaj-92	376	58	the	the	DET
emaj-92	376	59	fisher	fisher	PROPN
emaj-92	376	60	hypothesis7	hypothesis7	PROPN
emaj-92	376	61	about	about	ADP
emaj-92	376	62	positive	positive	ADJ
emaj-92	376	63	correlation	correlation	NOUN
emaj-92	376	64	between	between	ADP
emaj-92	376	65	inflation	inflation	NOUN
emaj-92	376	66	and	and	CCONJ
emaj-92	376	67	stock	stock	NOUN
emaj-92	376	68	exchange	exchange	NOUN
emaj-92	376	69	volatility	volatility	NOUN
emaj-92	376	70	(	(	PUNCT
emaj-92	376	71	see	see	VERB
emaj-92	376	72	more	more	ADJ
emaj-92	376	73	in	in	ADP
emaj-92	376	74	:	:	PUNCT
emaj-92	376	75	muradoglu	muradoglu	NOUN
emaj-92	376	76	et	et	PROPN
emaj-92	376	77	al	al	PROPN
emaj-92	376	78	.	.	PROPN
emaj-92	376	79	2001	2001	NUM
emaj-92	376	80	,	,	PUNCT
emaj-92	376	81	maysami	maysami	PROPN
emaj-92	376	82	et	et	PROPN
emaj-92	376	83	al	al	PROPN
emaj-92	376	84	.	.	PROPN
emaj-92	376	85	2004	2004	NUM
emaj-92	376	86	,	,	PUNCT
emaj-92	376	87	knif	knif	PROPN
emaj-92	376	88	et	et	PROPN
emaj-92	376	89	al	al	PROPN
emaj-92	376	90	.	.	PROPN
emaj-92	376	91	2008	2008	NUM
emaj-92	376	92	,	,	PUNCT
emaj-92	376	93	adam	adam	PROPN
emaj-92	376	94	and	and	CCONJ
emaj-92	376	95	tweneboah	tweneboah	NOUN
emaj-92	376	96	2009	2009	NUM
emaj-92	376	97	)	)	PUNCT
emaj-92	376	98	.	.	PUNCT
emaj-92	377	1	croatia	croatia	PROPN
emaj-92	377	2	faced	face	VERB
emaj-92	377	3	the	the	DET
emaj-92	377	4	highest	high	ADJ
emaj-92	377	5	inflation	inflation	NOUN
emaj-92	377	6	rate	rate	NOUN
emaj-92	377	7	in	in	ADP
emaj-92	377	8	2009	2009	NUM
emaj-92	377	9	but	but	CCONJ
emaj-92	377	10	the	the	DET
emaj-92	377	11	national	national	ADJ
emaj-92	377	12	currency	currency	NOUN
emaj-92	377	13	,	,	PUNCT
emaj-92	377	14	the	the	DET
emaj-92	377	15	kuna	kuna	PROPN
emaj-92	377	16	,	,	PUNCT
emaj-92	377	17	is	be	AUX
emaj-92	377	18	stable	stable	ADJ
emaj-92	377	19	.	.	PUNCT
emaj-92	378	1	in	in	ADP
emaj-92	378	2	an	an	DET
emaj-92	378	3	environment	environment	NOUN
emaj-92	378	4	of	of	ADP
emaj-92	378	5	ample	ample	ADJ
emaj-92	378	6	liquidity	liquidity	NOUN
emaj-92	378	7	and	and	CCONJ
emaj-92	378	8	depressed	depressed	ADJ
emaj-92	378	9	economic	economic	ADJ
emaj-92	378	10	activity	activity	NOUN
emaj-92	378	11	,	,	PUNCT
emaj-92	378	12	the	the	DET
emaj-92	378	13	croatian	croatian	PROPN
emaj-92	378	14	national	national	PROPN
emaj-92	378	15	bank	bank	PROPN
emaj-92	378	16	did	do	AUX
emaj-92	378	17	not	not	PART
emaj-92	378	18	change	change	VERB
emaj-92	378	19	its	its	PRON
emaj-92	378	20	accommodative	accommodative	ADJ
emaj-92	378	21	monetary	monetary	ADJ
emaj-92	378	22	policy	policy	NOUN
emaj-92	378	23	stance	stance	NOUN
emaj-92	378	24	in	in	ADP
emaj-92	378	25	2010	2010	NUM
emaj-92	378	26	.	.	PUNCT
emaj-92	379	1	in	in	ADP
emaj-92	379	2	2011	2011	NUM
emaj-92	379	3	,	,	PUNCT
emaj-92	379	4	the	the	DET
emaj-92	379	5	alarming	alarming	ADJ
emaj-92	379	6	unemployment	unemployment	NOUN
emaj-92	379	7	rate	rate	NOUN
emaj-92	379	8	in	in	ADP
emaj-92	379	9	croatia	croatia	PROPN
emaj-92	379	10	stood	stand	VERB
emaj-92	379	11	at	at	ADP
emaj-92	379	12	nearly	nearly	ADV
emaj-92	379	13	20	20	NUM
emaj-92	379	14	%	%	NOUN
emaj-92	379	15	and	and	CCONJ
emaj-92	379	16	this	this	PRON
emaj-92	379	17	remains	remain	VERB
emaj-92	379	18	one	one	NUM
emaj-92	379	19	of	of	ADP
emaj-92	379	20	the	the	DET
emaj-92	379	21	main	main	ADJ
emaj-92	379	22	problems	problem	NOUN
emaj-92	379	23	of	of	ADP
emaj-92	379	24	the	the	DET
emaj-92	379	25	croatian	croatian	ADJ
emaj-92	379	26	economy	economy	NOUN
emaj-92	379	27	,	,	PUNCT
emaj-92	379	28	together	together	ADV
emaj-92	379	29	with	with	ADP
emaj-92	379	30	a	a	DET
emaj-92	379	31	growing	grow	VERB
emaj-92	379	32	trade	trade	NOUN
emaj-92	379	33	deficit	deficit	NOUN
emaj-92	379	34	,	,	PUNCT
emaj-92	379	35	uneven	uneven	ADJ
emaj-92	379	36	regional	regional	ADJ
emaj-92	379	37	development	development	NOUN
emaj-92	379	38	,	,	PUNCT
emaj-92	379	39	a	a	DET
emaj-92	379	40	strained	strained	ADJ
emaj-92	379	41	state	state	NOUN
emaj-92	379	42	budget	budget	NOUN
emaj-92	379	43	and	and	CCONJ
emaj-92	379	44	an	an	DET
emaj-92	379	45	over	over	NOUN
emaj-92	379	46	-	-	PUNCT
emaj-92	379	47	reliance	reliance	NOUN
emaj-92	379	48	on	on	ADP
emaj-92	379	49	tourism	tourism	NOUN
emaj-92	379	50	revenue	revenue	NOUN
emaj-92	379	51	.	.	PUNCT
emaj-92	380	1	in	in	ADP
emaj-92	380	2	2011	2011	NUM
emaj-92	380	3	,	,	PUNCT
emaj-92	380	4	croatia	croatia	PROPN
emaj-92	380	5	government	government	NOUN
emaj-92	380	6	and	and	CCONJ
emaj-92	380	7	other	other	ADJ
emaj-92	380	8	state	state	NOUN
emaj-92	380	9	bodies	body	NOUN
emaj-92	380	10	have	have	AUX
emaj-92	380	11	started	start	VERB
emaj-92	380	12	implementing	implement	VERB
emaj-92	380	13	demanding	demand	VERB
emaj-92	380	14	reforms	reform	NOUN
emaj-92	380	15	,	,	PUNCT
emaj-92	380	16	which	which	PRON
emaj-92	380	17	have	have	AUX
emaj-92	380	18	resulted	result	VERB
emaj-92	380	19	in	in	ADP
emaj-92	380	20	the	the	DET
emaj-92	380	21	slow	slow	ADJ
emaj-92	380	22	rise	rise	NOUN
emaj-92	380	23	of	of	ADP
emaj-92	380	24	gdp	gdp	NOUN
emaj-92	380	25	in	in	ADP
emaj-92	380	26	2015	2015	NUM
emaj-92	380	27	for	for	ADP
emaj-92	380	28	the	the	DET
emaj-92	380	29	first	first	ADJ
emaj-92	380	30	time	time	NOUN
emaj-92	380	31	after	after	ADP
emaj-92	380	32	6	6	NUM
emaj-92	380	33	years	year	NOUN
emaj-92	380	34	and	and	CCONJ
emaj-92	380	35	a	a	DET
emaj-92	380	36	better	well	ADJ
emaj-92	380	37	entrepreneurial	entrepreneurial	ADJ
emaj-92	380	38	climate	climate	NOUN
emaj-92	380	39	.	.	PUNCT
emaj-92	381	1	6	6	X
emaj-92	381	2	.	.	X
emaj-92	381	3	conclusion	conclusion	NOUN
emaj-92	381	4	since	since	SCONJ
emaj-92	381	5	its	its	PRON
emaj-92	381	6	formal	formal	ADJ
emaj-92	381	7	application	application	NOUN
emaj-92	381	8	for	for	ADP
emaj-92	381	9	eu	eu	PROPN
emaj-92	381	10	membership	membership	NOUN
emaj-92	381	11	in	in	ADP
emaj-92	381	12	2001	2001	NUM
emaj-92	381	13	,	,	PUNCT
emaj-92	381	14	croatia	croatia	PROPN
emaj-92	381	15	has	have	AUX
emaj-92	381	16	faced	face	VERB
emaj-92	381	17	different	different	ADJ
emaj-92	381	18	political	political	ADJ
emaj-92	381	19	and	and	CCONJ
emaj-92	381	20	economic	economic	ADJ
emaj-92	381	21	problems	problem	NOUN
emaj-92	381	22	such	such	ADJ
emaj-92	381	23	as	as	ADP
emaj-92	381	24	the	the	DET
emaj-92	381	25	delayed	delay	VERB
emaj-92	381	26	start	start	NOUN
emaj-92	381	27	of	of	ADP
emaj-92	381	28	accession	accession	NOUN
emaj-92	381	29	negotiations	negotiation	NOUN
emaj-92	381	30	over	over	ADP
emaj-92	381	31	its	its	PRON
emaj-92	381	32	deficient	deficient	ADJ
emaj-92	381	33	cooperation	cooperation	NOUN
emaj-92	381	34	with	with	ADP
emaj-92	381	35	the	the	DET
emaj-92	381	36	international	international	ADJ
emaj-92	381	37	criminal	criminal	ADJ
emaj-92	381	38	tribunal	tribunal	NOUN
emaj-92	381	39	,	,	PUNCT
emaj-92	381	40	significant	significant	ADJ
emaj-92	381	41	cases	case	NOUN
emaj-92	381	42	of	of	ADP
emaj-92	381	43	corruption	corruption	NOUN
emaj-92	381	44	,	,	PUNCT
emaj-92	381	45	effects	effect	NOUN
emaj-92	381	46	of	of	ADP
emaj-92	381	47	global	global	ADJ
emaj-92	381	48	recession	recession	NOUN
emaj-92	381	49	,	,	PUNCT
emaj-92	381	50	lack	lack	NOUN
emaj-92	381	51	of	of	ADP
emaj-92	381	52	institutional	institutional	ADJ
emaj-92	381	53	reforms	reform	NOUN
emaj-92	381	54	,	,	PUNCT
emaj-92	381	55	growing	grow	VERB
emaj-92	381	56	budget	budget	NOUN
emaj-92	381	57	deficit	deficit	NOUN
emaj-92	381	58	and	and	CCONJ
emaj-92	381	59	high	high	ADJ
emaj-92	381	60	unemployment	unemployment	NOUN
emaj-92	381	61	.	.	PUNCT
emaj-92	382	1	despite	despite	SCONJ
emaj-92	382	2	these	these	DET
emaj-92	382	3	problems	problem	NOUN
emaj-92	382	4	,	,	PUNCT
emaj-92	382	5	croatia	croatia	PROPN
emaj-92	382	6	has	have	AUX
emaj-92	382	7	over	over	ADP
emaj-92	382	8	the	the	DET
emaj-92	382	9	past	past	ADJ
emaj-92	382	10	decade	decade	NOUN
emaj-92	382	11	also	also	ADV
emaj-92	382	12	seen	see	VERB
emaj-92	382	13	some	some	DET
emaj-92	382	14	positive	positive	ADJ
emaj-92	382	15	trends	trend	NOUN
emaj-92	382	16	such	such	ADJ
emaj-92	382	17	as	as	ADP
emaj-92	382	18	strong	strong	ADJ
emaj-92	382	19	foreign	foreign	ADJ
emaj-92	382	20	direct	direct	ADJ
emaj-92	382	21	investment	investment	NOUN
emaj-92	382	22	followed	follow	VERB
emaj-92	382	23	by	by	ADP
emaj-92	382	24	the	the	DET
emaj-92	382	25	establishment	establishment	NOUN
emaj-92	382	26	of	of	ADP
emaj-92	382	27	a	a	DET
emaj-92	382	28	capital	capital	NOUN
emaj-92	382	29	market	market	NOUN
emaj-92	382	30	,	,	PUNCT
emaj-92	382	31	as	as	ADP
emaj-92	382	32	part	part	NOUN
emaj-92	382	33	of	of	ADP
emaj-92	382	34	its	its	PRON
emaj-92	382	35	opening	opening	NOUN
emaj-92	382	36	up	up	ADP
emaj-92	382	37	to	to	ADP
emaj-92	382	38	market	market	NOUN
emaj-92	382	39	economy	economy	NOUN
emaj-92	382	40	.	.	PUNCT
emaj-92	383	1	capital	capital	NOUN
emaj-92	383	2	inflow	inflow	NOUN
emaj-92	383	3	in	in	ADP
emaj-92	383	4	croatia	croatia	PROPN
emaj-92	383	5	(	(	PUNCT
emaj-92	383	6	expecially	expecially	ADV
emaj-92	383	7	high	high	ADJ
emaj-92	383	8	following	follow	VERB
emaj-92	383	9	the	the	DET
emaj-92	383	10	start	start	NOUN
emaj-92	383	11	of	of	ADP
emaj-92	383	12	eu	eu	PROPN
emaj-92	383	13	accession	accession	NOUN
emaj-92	383	14	negotiations	negotiation	NOUN
emaj-92	383	15	in	in	ADP
emaj-92	383	16	2005	2005	NUM
emaj-92	383	17	)	)	PUNCT
emaj-92	383	18	boosted	boost	VERB
emaj-92	383	19	stock	stock	NOUN
emaj-92	383	20	exchanges	exchange	NOUN
emaj-92	383	21	and	and	CCONJ
emaj-92	383	22	occasioned	occasion	VERB
emaj-92	383	23	a	a	DET
emaj-92	383	24	rise	rise	NOUN
emaj-92	383	25	in	in	ADP
emaj-92	383	26	gdp	gdp	NOUN
emaj-92	383	27	,	,	PUNCT
emaj-92	383	28	industrial	industrial	ADJ
emaj-92	383	29	production	production	NOUN
emaj-92	383	30	and	and	CCONJ
emaj-92	383	31	trade	trade	NOUN
emaj-92	383	32	relations	relation	NOUN
emaj-92	383	33	,	,	PUNCT
emaj-92	383	34	especially	especially	ADV
emaj-92	383	35	with	with	ADP
emaj-92	383	36	eu	eu	PROPN
emaj-92	383	37	.	.	PUNCT
emaj-92	384	1	the	the	DET
emaj-92	384	2	results	result	NOUN
emaj-92	384	3	of	of	ADP
emaj-92	384	4	measuring	measure	VERB
emaj-92	384	5	the	the	DET
emaj-92	384	6	procyclicality	procyclicality	NOUN
emaj-92	384	7	of	of	ADP
emaj-92	384	8	the	the	DET
emaj-92	384	9	croatian	croatian	ADJ
emaj-92	384	10	stock	stock	NOUN
emaj-92	384	11	market	market	NOUN
emaj-92	384	12	from	from	ADP
emaj-92	384	13	january	january	PROPN
emaj-92	384	14	2000	2000	NUM
emaj-92	384	15	to	to	ADP
emaj-92	384	16	december	december	PROPN
emaj-92	384	17	2013	2013	NUM
emaj-92	384	18	also	also	ADV
emaj-92	384	19	implies	imply	VERB
emaj-92	384	20	that	that	SCONJ
emaj-92	384	21	the	the	DET
emaj-92	384	22	resignation	resignation	NOUN
emaj-92	384	23	of	of	ADP
emaj-92	384	24	premier	premier	ADJ
emaj-92	384	25	sanader	sanader	NOUN
emaj-92	384	26	was	be	AUX
emaj-92	384	27	a	a	DET
emaj-92	384	28	trigger	trigger	NOUN
emaj-92	384	29	for	for	ADP
emaj-92	384	30	decline	decline	NOUN
emaj-92	384	31	in	in	ADP
emaj-92	384	32	stock	stock	NOUN
emaj-92	384	33	prices	price	NOUN
emaj-92	384	34	and	and	CCONJ
emaj-92	384	35	economic	economic	ADJ
emaj-92	384	36	activities	activity	NOUN
emaj-92	384	37	,	,	PUNCT
emaj-92	384	38	following	follow	VERB
emaj-92	384	39	with	with	ADP
emaj-92	384	40	belated	belated	ADJ
emaj-92	384	41	recession	recession	NOUN
emaj-92	384	42	in	in	ADP
emaj-92	384	43	region	region	NOUN
emaj-92	384	44	.	.	PUNCT
emaj-92	385	1	facing	face	VERB
emaj-92	385	2	the	the	DET
emaj-92	385	3	new	new	ADJ
emaj-92	385	4	economic	economic	ADJ
emaj-92	385	5	conditions	condition	NOUN
emaj-92	385	6	,	,	PUNCT
emaj-92	385	7	country	country	NOUN
emaj-92	385	8	faced	face	VERB
emaj-92	385	9	serious	serious	ADJ
emaj-92	385	10	problems	problem	NOUN
emaj-92	385	11	produced	produce	VERB
emaj-92	385	12	by	by	ADP
emaj-92	385	13	internal	internal	ADJ
emaj-92	385	14	factors	factor	NOUN
emaj-92	385	15	(	(	PUNCT
emaj-92	385	16	corruption	corruption	NOUN
emaj-92	385	17	,	,	PUNCT
emaj-92	385	18	decline	decline	NOUN
emaj-92	385	19	of	of	ADP
emaj-92	385	20	gdp	gdp	NOUN
emaj-92	385	21	,	,	PUNCT
emaj-92	385	22	industrial	industrial	ADJ
emaj-92	385	23	7the	7the	PROPN
emaj-92	385	24	fisher	fisher	PROPN
emaj-92	385	25	hypothesis	hypothesis	NOUN
emaj-92	385	26	(	(	PUNCT
emaj-92	385	27	1930	1930	NUM
emaj-92	385	28	)	)	PUNCT
emaj-92	385	29	is	be	AUX
emaj-92	385	30	that	that	SCONJ
emaj-92	385	31	the	the	DET
emaj-92	385	32	market	market	NOUN
emaj-92	385	33	rate	rate	NOUN
emaj-92	385	34	of	of	ADP
emaj-92	385	35	interest	interest	NOUN
emaj-92	385	36	comprises	comprise	VERB
emaj-92	385	37	the	the	DET
emaj-92	385	38	expected	expected	ADJ
emaj-92	385	39	real	real	ADJ
emaj-92	385	40	rate	rate	NOUN
emaj-92	385	41	of	of	ADP
emaj-92	385	42	interest	interest	NOUN
emaj-92	385	43	and	and	CCONJ
emaj-92	385	44	expected	expect	VERB
emaj-92	385	45	inflation	inflation	NOUN
emaj-92	385	46	.	.	PUNCT
emaj-92	386	1	this	this	DET
emaj-92	386	2	hypothesis	hypothesis	NOUN
emaj-92	386	3	,	,	PUNCT
emaj-92	386	4	when	when	SCONJ
emaj-92	386	5	applied	apply	VERB
emaj-92	386	6	to	to	ADP
emaj-92	386	7	stock	stock	NOUN
emaj-92	386	8	markets	market	NOUN
emaj-92	386	9	,	,	PUNCT
emaj-92	386	10	postulates	postulate	VERB
emaj-92	386	11	a	a	DET
emaj-92	386	12	positive	positive	ADJ
emaj-92	386	13	one	one	NUM
emaj-92	386	14	-	-	PUNCT
emaj-92	386	15	to	to	ADP
emaj-92	386	16	-	-	PUNCT
emaj-92	386	17	one	one	NUM
emaj-92	386	18	relation	relation	NOUN
emaj-92	386	19	between	between	ADP
emaj-92	386	20	stock	stock	NOUN
emaj-92	386	21	returns	return	NOUN
emaj-92	386	22	and	and	CCONJ
emaj-92	386	23	inflation	inflation	NOUN
emaj-92	386	24	.	.	PUNCT
emaj-92	387	1	production	production	NOUN
emaj-92	387	2	and	and	CCONJ
emaj-92	387	3	unemployment	unemployment	NOUN
emaj-92	387	4	etc	etc	X
emaj-92	387	5	)	)	PUNCT
emaj-92	387	6	as	as	ADV
emaj-92	387	7	well	well	ADV
emaj-92	387	8	as	as	ADP
emaj-92	387	9	external	external	ADJ
emaj-92	387	10	factors	factor	NOUN
emaj-92	387	11	(	(	PUNCT
emaj-92	387	12	global	global	ADJ
emaj-92	387	13	crisis	crisis	NOUN
emaj-92	387	14	)	)	PUNCT
emaj-92	387	15	.	.	PUNCT
emaj-92	388	1	the	the	DET
emaj-92	388	2	findings	finding	NOUN
emaj-92	388	3	of	of	ADP
emaj-92	388	4	empirical	empirical	ADJ
emaj-92	388	5	analysis	analysis	NOUN
emaj-92	388	6	also	also	ADV
emaj-92	388	7	proved	prove	VERB
emaj-92	388	8	that	that	SCONJ
emaj-92	388	9	stock	stock	NOUN
emaj-92	388	10	indices	index	NOUN
emaj-92	388	11	in	in	ADP
emaj-92	388	12	croatia	croatia	PROPN
emaj-92	388	13	are	be	AUX
emaj-92	388	14	negatively	negatively	ADV
emaj-92	388	15	correlated	correlate	VERB
emaj-92	388	16	to	to	PART
emaj-92	388	17	exchange	exchange	VERB
emaj-92	388	18	rates	rate	NOUN
emaj-92	388	19	,	,	PUNCT
emaj-92	388	20	interest	interest	NOUN
emaj-92	388	21	rates	rate	NOUN
emaj-92	388	22	,	,	PUNCT
emaj-92	388	23	non	non	ADJ
emaj-92	388	24	-	-	ADJ
emaj-92	388	25	performing	performing	ADJ
emaj-92	388	26	loans	loan	NOUN
emaj-92	388	27	and	and	CCONJ
emaj-92	388	28	unemployment	unemployment	NOUN
emaj-92	388	29	rates	rate	NOUN
emaj-92	388	30	.	.	PUNCT
emaj-92	389	1	real	real	ADJ
emaj-92	389	2	exchange	exchange	NOUN
emaj-92	389	3	rates	rate	NOUN
emaj-92	389	4	are	be	AUX
emaj-92	389	5	symptomatically	symptomatically	ADV
emaj-92	389	6	procyclical	procyclical	ADJ
emaj-92	389	7	in	in	ADP
emaj-92	389	8	croatia	croatia	PROPN
emaj-92	389	9	,	,	PUNCT
emaj-92	389	10	as	as	SCONJ
emaj-92	389	11	was	be	AUX
emaj-92	389	12	the	the	DET
emaj-92	389	13	case	case	NOUN
emaj-92	389	14	with	with	ADP
emaj-92	389	15	other	other	ADJ
emaj-92	389	16	countries	country	NOUN
emaj-92	389	17	in	in	ADP
emaj-92	389	18	transition	transition	NOUN
emaj-92	389	19	,	,	PUNCT
emaj-92	389	20	because	because	SCONJ
emaj-92	389	21	croatia	croatia	PROPN
emaj-92	389	22	relied	rely	VERB
emaj-92	389	23	mainly	mainly	ADV
emaj-92	389	24	on	on	ADP
emaj-92	389	25	exchange	exchange	NOUN
emaj-92	389	26	rate	rate	NOUN
emaj-92	389	27	anchors	anchor	NOUN
emaj-92	389	28	to	to	PART
emaj-92	389	29	keep	keep	VERB
emaj-92	389	30	inflation	inflation	NOUN
emaj-92	389	31	in	in	ADP
emaj-92	389	32	check	check	NOUN
emaj-92	389	33	.	.	PUNCT
emaj-92	390	1	a	a	DET
emaj-92	390	2	negative	negative	ADJ
emaj-92	390	3	correlation	correlation	NOUN
emaj-92	390	4	was	be	AUX
emaj-92	390	5	also	also	ADV
emaj-92	390	6	confirmed	confirm	VERB
emaj-92	390	7	for	for	ADP
emaj-92	390	8	the	the	DET
emaj-92	390	9	interest	interest	NOUN
emaj-92	390	10	rates	rate	NOUN
emaj-92	390	11	due	due	ADJ
emaj-92	390	12	to	to	ADP
emaj-92	390	13	a	a	DET
emaj-92	390	14	strong	strong	ADJ
emaj-92	390	15	presence	presence	NOUN
emaj-92	390	16	of	of	ADP
emaj-92	390	17	foreign	foreign	ADJ
emaj-92	390	18	banks	bank	NOUN
emaj-92	390	19	in	in	ADP
emaj-92	390	20	croatia	croatia	PROPN
emaj-92	390	21	and	and	CCONJ
emaj-92	390	22	a	a	DET
emaj-92	390	23	different	different	ADJ
emaj-92	390	24	range	range	NOUN
emaj-92	390	25	of	of	ADP
emaj-92	390	26	financial	financial	ADJ
emaj-92	390	27	products	product	NOUN
emaj-92	390	28	they	they	PRON
emaj-92	390	29	offer	offer	VERB
emaj-92	390	30	.	.	PUNCT
emaj-92	391	1	high	high	ADJ
emaj-92	391	2	interest	interest	NOUN
emaj-92	391	3	rates	rate	NOUN
emaj-92	391	4	in	in	ADP
emaj-92	391	5	croatia	croatia	PROPN
emaj-92	391	6	,	,	PUNCT
emaj-92	391	7	especially	especially	ADV
emaj-92	391	8	after	after	ADP
emaj-92	391	9	the	the	DET
emaj-92	391	10	2008	2008	NUM
emaj-92	391	11	global	global	ADJ
emaj-92	391	12	recession	recession	NOUN
emaj-92	391	13	,	,	PUNCT
emaj-92	391	14	caused	cause	VERB
emaj-92	391	15	a	a	DET
emaj-92	391	16	decline	decline	NOUN
emaj-92	391	17	in	in	ADP
emaj-92	391	18	consumption	consumption	NOUN
emaj-92	391	19	and	and	CCONJ
emaj-92	391	20	private	private	ADJ
emaj-92	391	21	and	and	CCONJ
emaj-92	391	22	public	public	ADJ
emaj-92	391	23	sector	sector	NOUN
emaj-92	391	24	lending	lending	NOUN
emaj-92	391	25	.	.	PUNCT
emaj-92	392	1	in	in	ADP
emaj-92	392	2	2011	2011	NUM
emaj-92	392	3	,	,	PUNCT
emaj-92	392	4	croatia	croatia	PROPN
emaj-92	392	5	government	government	NOUN
emaj-92	392	6	and	and	CCONJ
emaj-92	392	7	other	other	ADJ
emaj-92	392	8	state	state	NOUN
emaj-92	392	9	bodies	body	NOUN
emaj-92	392	10	have	have	AUX
emaj-92	392	11	started	start	VERB
emaj-92	392	12	implementing	implement	VERB
emaj-92	392	13	demanding	demand	VERB
emaj-92	392	14	reforms	reform	NOUN
emaj-92	392	15	,	,	PUNCT
emaj-92	392	16	which	which	PRON
emaj-92	392	17	have	have	AUX
emaj-92	392	18	resulted	result	VERB
emaj-92	392	19	in	in	ADP
emaj-92	392	20	the	the	DET
emaj-92	392	21	slow	slow	ADJ
emaj-92	392	22	rise	rise	NOUN
emaj-92	392	23	of	of	ADP
emaj-92	392	24	gdp	gdp	NOUN
emaj-92	392	25	in	in	ADP
emaj-92	392	26	2015	2015	NUM
emaj-92	392	27	for	for	ADP
emaj-92	392	28	the	the	DET
emaj-92	392	29	first	first	ADJ
emaj-92	392	30	time	time	NOUN
emaj-92	392	31	after	after	ADP
emaj-92	392	32	6	6	NUM
emaj-92	392	33	years	year	NOUN
emaj-92	392	34	and	and	CCONJ
emaj-92	392	35	a	a	DET
emaj-92	392	36	better	well	ADJ
emaj-92	392	37	entrepreneurial	entrepreneurial	ADJ
emaj-92	392	38	climate	climate	NOUN
emaj-92	392	39	.	.	PUNCT
emaj-92	393	1	references	reference	NOUN
emaj-92	393	2	adam	adam	PROPN
emaj-92	393	3	,	,	PUNCT
emaj-92	393	4	k.	k.	PROPN
emaj-92	393	5	,	,	PUNCT
emaj-92	393	6	japelli	japelli	PROPN
emaj-92	393	7	,	,	PUNCT
emaj-92	393	8	t.	t.	PROPN
emaj-92	393	9	,	,	PUNCT
emaj-92	393	10	menichini	menichini	PROPN
emaj-92	393	11	,	,	PUNCT
emaj-92	393	12	a.	a.	NOUN
emaj-92	393	13	,	,	PUNCT
emaj-92	393	14	padula	padula	NOUN
emaj-92	393	15	m.	m.	NOUN
emaj-92	393	16	,	,	PUNCT
emaj-92	393	17	and	and	CCONJ
emaj-92	393	18	pagano	pagano	NOUN
emaj-92	393	19	,	,	PUNCT
emaj-92	393	20	m.	m.	NOUN
emaj-92	393	21	2002	2002	NUM
emaj-92	393	22	.	.	PUNCT
emaj-92	394	1	analyse	analyse	PROPN
emaj-92	394	2	,	,	PUNCT
emaj-92	394	3	compare	compare	NOUN
emaj-92	394	4	,	,	PUNCT
emaj-92	394	5	and	and	CCONJ
emaj-92	394	6	apply	apply	VERB
emaj-92	394	7	alternative	alternative	ADJ
emaj-92	394	8	indicators	indicator	NOUN
emaj-92	394	9	and	and	CCONJ
emaj-92	394	10	monitoring	monitor	VERB
emaj-92	394	11	methodologies	methodology	NOUN
emaj-92	394	12	to	to	PART
emaj-92	394	13	measure	measure	VERB
emaj-92	394	14	the	the	DET
emaj-92	394	15	evolution	evolution	NOUN
emaj-92	394	16	of	of	ADP
emaj-92	394	17	capital	capital	NOUN
emaj-92	394	18	market	market	NOUN
emaj-92	394	19	integration	integration	NOUN
emaj-92	394	20	in	in	ADP
emaj-92	394	21	the	the	DET
emaj-92	394	22	european	european	PROPN
emaj-92	394	23	union	union	PROPN
emaj-92	394	24	.	.	PUNCT
emaj-92	395	1	european	european	PROPN
emaj-92	395	2	commission	commission	PROPN
emaj-92	395	3	.	.	PUNCT
emaj-92	396	1	1–95	1–95	NOUN
emaj-92	396	2	.	.	PUNCT
emaj-92	397	1	adam	adam	PROPN
emaj-92	397	2	,	,	PUNCT
emaj-92	397	3	a.	a.	NOUN
emaj-92	397	4	m.	m.	NOUN
emaj-92	397	5	,	,	PUNCT
emaj-92	397	6	and	and	CCONJ
emaj-92	397	7	tweneboah	tweneboah	NOUN
emaj-92	397	8	,	,	PUNCT
emaj-92	397	9	g.	g.	PROPN
emaj-92	397	10	2009	2009	NUM
emaj-92	397	11	.	.	PUNCT
emaj-92	398	1	foreign	foreign	ADJ
emaj-92	398	2	direct	direct	ADJ
emaj-92	398	3	investment	investment	NOUN
emaj-92	398	4	and	and	CCONJ
emaj-92	398	5	stock	stock	NOUN
emaj-92	398	6	market	market	NOUN
emaj-92	398	7	development	development	NOUN
emaj-92	398	8	:	:	PUNCT
emaj-92	398	9	ghana	ghana	PROPN
emaj-92	398	10	's	's	PART
emaj-92	398	11	evidence	evidence	NOUN
emaj-92	398	12	.	.	PUNCT
emaj-92	399	1	international	international	ADJ
emaj-92	399	2	research	research	PROPN
emaj-92	399	3	journal	journal	NOUN
emaj-92	399	4	of	of	ADP
emaj-92	399	5	finance	finance	NOUN
emaj-92	399	6	and	and	CCONJ
emaj-92	399	7	economics	economic	NOUN
emaj-92	399	8	.	.	PUNCT
emaj-92	400	1	26	26	NUM
emaj-92	400	2	:	:	SYM
emaj-92	400	3	178	178	NUM
emaj-92	400	4	-	-	SYM
emaj-92	400	5	185	185	NUM
emaj-92	400	6	.	.	PUNCT
emaj-92	401	1	adjasi	adjasi	PROPN
emaj-92	401	2	,	,	PUNCT
emaj-92	401	3	ch	ch	PROPN
emaj-92	401	4	.	.	PROPN
emaj-92	401	5	,	,	PUNCT
emaj-92	401	6	harvey	harvey	PROPN
emaj-92	401	7	,	,	PUNCT
emaj-92	401	8	s.k	s.k	PROPN
emaj-92	401	9	.	.	PROPN
emaj-92	401	10	,	,	PUNCT
emaj-92	401	11	and	and	CCONJ
emaj-92	401	12	agyapong	agyapong	PROPN
emaj-92	401	13	,	,	PUNCT
emaj-92	401	14	d.	d.	PROPN
emaj-92	401	15	2008	2008	NUM
emaj-92	401	16	.	.	PUNCT
emaj-92	402	1	effect	effect	NOUN
emaj-92	402	2	of	of	ADP
emaj-92	402	3	exchange	exchange	NOUN
emaj-92	402	4	rate	rate	NOUN
emaj-92	402	5	volatility	volatility	NOUN
emaj-92	402	6	on	on	ADP
emaj-92	402	7	the	the	DET
emaj-92	402	8	ghana	ghana	PROPN
emaj-92	402	9	stock	stock	PROPN
emaj-92	402	10	exchange	exchange	PROPN
emaj-92	402	11	.	.	PUNCT
emaj-92	403	1	african	african	ADJ
emaj-92	403	2	journal	journal	PROPN
emaj-92	403	3	of	of	ADP
emaj-92	403	4	accounting	accounting	NOUN
emaj-92	403	5	,	,	PUNCT
emaj-92	403	6	economics	economic	NOUN
emaj-92	403	7	,	,	PUNCT
emaj-92	403	8	finance	finance	NOUN
emaj-92	403	9	and	and	CCONJ
emaj-92	403	10	banking	banking	NOUN
emaj-92	403	11	research	research	NOUN
emaj-92	403	12	,	,	PUNCT
emaj-92	403	13	3(3	3(3	NUM
emaj-92	403	14	)	)	PUNCT
emaj-92	403	15	.	.	PUNCT
emaj-92	404	1	aizenman	aizenman	NOUN
emaj-92	404	2	,	,	PUNCT
emaj-92	404	3	j.	j.	PROPN
emaj-92	404	4	,	,	PUNCT
emaj-92	404	5	and	and	CCONJ
emaj-92	404	6	noy	noy	PROPN
emaj-92	404	7	,	,	PUNCT
emaj-92	404	8	i.	i.	NOUN
emaj-92	404	9	2005	2005	NUM
emaj-92	404	10	.	.	PUNCT
emaj-92	405	1	fdi	fdi	NOUN
emaj-92	405	2	and	and	CCONJ
emaj-92	405	3	trade	trade	VERB
emaj-92	405	4	two	two	NUM
emaj-92	405	5	way	way	NOUN
emaj-92	405	6	linkages	linkage	NOUN
emaj-92	405	7	.	.	PUNCT
emaj-92	406	1	nber	nber	PROPN
emaj-92	406	2	working	working	PROPN
emaj-92	406	3	paper	paper	NOUN
emaj-92	406	4	.	.	PUNCT
emaj-92	407	1	11403	11403	NUM
emaj-92	407	2	.	.	PUNCT
emaj-92	408	1	akaike	akaike	ADJ
emaj-92	408	2	,	,	PUNCT
emaj-92	408	3	h.	h.	PROPN
emaj-92	408	4	1987	1987	NUM
emaj-92	408	5	.	.	PUNCT
emaj-92	409	1	factor	factor	NOUN
emaj-92	409	2	analysis	analysis	NOUN
emaj-92	409	3	and	and	CCONJ
emaj-92	409	4	aic	aic	PROPN
emaj-92	409	5	.	.	PROPN
emaj-92	409	6	psychometrika	psychometrika	PROPN
emaj-92	409	7	,	,	PUNCT
emaj-92	409	8	52(3	52(3	NUM
emaj-92	409	9	):	):	PUNCT
emaj-92	409	10	317	317	NUM
emaj-92	409	11	-	-	SYM
emaj-92	409	12	332	332	NUM
emaj-92	409	13	.	.	PUNCT
emaj-92	409	14	andrei	andrei	PROPN
emaj-92	409	15	,	,	PUNCT
emaj-92	409	16	t.	t.	PROPN
emaj-92	409	17	,	,	PUNCT
emaj-92	409	18	matei	matei	PROPN
emaj-92	409	19	,	,	PUNCT
emaj-92	409	20	a.	a.	NOUN
emaj-92	409	21	,	,	PUNCT
emaj-92	409	22	stancu	stancu	PROPN
emaj-92	409	23	,	,	PUNCT
emaj-92	409	24	s.	s.	PROPN
emaj-92	409	25	,	,	PUNCT
emaj-92	409	26	and	and	CCONJ
emaj-92	409	27	oancea	oancea	PROPN
emaj-92	409	28	,	,	PUNCT
emaj-92	409	29	b.	b.	PROPN
emaj-92	409	30	2009	2009	NUM
emaj-92	409	31	.	.	PUNCT
emaj-92	410	1	some	some	DET
emaj-92	410	2	notes	note	NOUN
emaj-92	410	3	about	about	ADP
emaj-92	410	4	volume	volume	NOUN
emaj-92	410	5	6	6	NUM
emaj-92	410	6	no	no	DET
emaj-92	410	7	1	1	NUM
emaj-92	410	8	(	(	PUNCT
emaj-92	410	9	2016	2016	NUM
emaj-92	410	10	)	)	PUNCT
emaj-92	410	11	|	|	ADV
emaj-92	410	12	issn	issn	VERB
emaj-92	410	13	2158	2158	NUM
emaj-92	410	14	-	-	SYM
emaj-92	410	15	8708	8708	NUM
emaj-92	410	16	(	(	PUNCT
emaj-92	410	17	online	online	NOUN
emaj-92	410	18	)	)	PUNCT
emaj-92	410	19	|	|	ADV
emaj-92	410	20	doi	doi	X
emaj-92	410	21	10.5195	10.5195	NUM
emaj-92	410	22	/	/	SYM
emaj-92	410	23	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	410	24	|	|	ADV
emaj-92	410	25	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-92	410	26	anita	anita	PROPN
emaj-92	410	27	radman	radman	PROPN
emaj-92	410	28	peša	peša	PROPN
emaj-92	410	29	,	,	PUNCT
emaj-92	410	30	ana	ana	PROPN
emaj-92	410	31	brajković	brajković	NOUN
emaj-92	410	32	emerging	emerge	VERB
emaj-92	410	33	markets	market	NOUN
emaj-92	410	34	journal	journal	NOUN
emaj-92	410	35	|	|	ADV
emaj-92	410	36	p	p	NOUN
emaj-92	410	37	a	a	DET
emaj-92	410	38	g	g	NOUN
emaj-92	410	39	e	e	NOUN
emaj-92	410	40	|13	|13	ADJ
emaj-92	410	41	decentralization	decentralization	NOUN
emaj-92	410	42	process	process	NOUN
emaj-92	410	43	implication	implication	NOUN
emaj-92	410	44	on	on	ADP
emaj-92	410	45	public	public	ADJ
emaj-92	410	46	administration	administration	NOUN
emaj-92	410	47	corruption	corruption	NOUN
emaj-92	410	48	in	in	ADP
emaj-92	410	49	romania	romania	PROPN
emaj-92	410	50	.	.	PUNCT
emaj-92	411	1	prague	prague	PROPN
emaj-92	411	2	economic	economic	ADJ
emaj-92	411	3	papers	paper	NOUN
emaj-92	411	4	,	,	PUNCT
emaj-92	411	5	1	1	NUM
emaj-92	411	6	:	:	SYM
emaj-92	411	7	26	26	NUM
emaj-92	411	8	-	-	SYM
emaj-92	411	9	37	37	NUM
emaj-92	411	10	.	.	PUNCT
emaj-92	412	1	andrews	andrews	PROPN
emaj-92	412	2	,	,	PUNCT
emaj-92	412	3	d.w.k	d.w.k	PROPN
emaj-92	412	4	.	.	PROPN
emaj-92	412	5	1993	1993	NUM
emaj-92	412	6	.	.	PUNCT
emaj-92	413	1	test	test	NOUN
emaj-92	413	2	for	for	ADP
emaj-92	413	3	parametar	parametar	NOUN
emaj-92	413	4	instability	instability	NOUN
emaj-92	413	5	and	and	CCONJ
emaj-92	413	6	structural	structural	ADJ
emaj-92	413	7	change	change	NOUN
emaj-92	413	8	with	with	ADP
emaj-92	413	9	unknown	unknown	ADJ
emaj-92	413	10	change	change	NOUN
emaj-92	413	11	point	point	NOUN
emaj-92	413	12	.	.	PUNCT
emaj-92	414	1	econometrica	econometrica	PROPN
emaj-92	414	2	,	,	PUNCT
emaj-92	414	3	61:821	61:821	NUM
emaj-92	414	4	–	–	PUNCT
emaj-92	414	5	856	856	NUM
emaj-92	414	6	.	.	PUNCT
emaj-92	414	7	ashgar	ashgar	NOUN
emaj-92	414	8	,	,	PUNCT
emaj-92	414	9	z.	z.	PROPN
emaj-92	414	10	,	,	PUNCT
emaj-92	414	11	and	and	CCONJ
emaj-92	414	12	abid	abid	PROPN
emaj-92	414	13	,	,	PUNCT
emaj-92	414	14	i.	i.	PROPN
emaj-92	414	15	2007	2007	NUM
emaj-92	414	16	.	.	PUNCT
emaj-92	415	1	performance	performance	NOUN
emaj-92	415	2	of	of	ADP
emaj-92	415	3	lang	lang	PROPN
emaj-92	415	4	lenth	lenth	PROPN
emaj-92	415	5	selection	selection	NOUN
emaj-92	415	6	criteria	criterion	NOUN
emaj-92	415	7	in	in	ADP
emaj-92	415	8	three	three	NUM
emaj-92	415	9	different	different	ADJ
emaj-92	415	10	situtations	situtation	NOUN
emaj-92	415	11	.	.	PUNCT
emaj-92	416	1	interstat	interstat	PROPN
emaj-92	416	2	.	.	PUNCT
emaj-92	417	1	babetskii	babetskii	PROPN
emaj-92	417	2	,	,	PUNCT
emaj-92	417	3	i.	i.	PROPN
emaj-92	417	4	,	,	PUNCT
emaj-92	417	5	komârek	komârek	PROPN
emaj-92	417	6	,	,	PUNCT
emaj-92	417	7	l.	l.	PROPN
emaj-92	417	8	,	,	PUNCT
emaj-92	417	9	and	and	CCONJ
emaj-92	417	10	komârkovâ	komârkovâ	PROPN
emaj-92	417	11	,	,	PUNCT
emaj-92	417	12	z.	z.	PROPN
emaj-92	417	13	2007	2007	NUM
emaj-92	417	14	.	.	PUNCT
emaj-92	418	1	financial	financial	ADJ
emaj-92	418	2	integration	integration	NOUN
emaj-92	418	3	of	of	ADP
emaj-92	418	4	stock	stock	NOUN
emaj-92	418	5	markets	market	NOUN
emaj-92	418	6	among	among	ADP
emaj-92	418	7	new	new	ADJ
emaj-92	418	8	eu	eu	PROPN
emaj-92	418	9	member	member	NOUN
emaj-92	418	10	states	state	NOUN
emaj-92	418	11	and	and	CCONJ
emaj-92	418	12	the	the	DET
emaj-92	418	13	euro	euro	PROPN
emaj-92	418	14	area	area	NOUN
emaj-92	418	15	.	.	PUNCT
emaj-92	419	1	finance	finance	VERB
emaj-92	419	2	aúver	aúver	PROPN
emaj-92	419	3	czech	czech	PROPN
emaj-92	419	4	journal	journal	NOUN
emaj-92	419	5	of	of	ADP
emaj-92	419	6	economics	economic	NOUN
emaj-92	419	7	and	and	CCONJ
emaj-92	419	8	finance	finance	NOUN
emaj-92	419	9	,	,	PUNCT
emaj-92	419	10	57	57	NUM
emaj-92	419	11	,	,	PUNCT
emaj-92	419	12	341	341	NUM
emaj-92	419	13	-	-	SYM
emaj-92	419	14	362	362	NUM
emaj-92	419	15	.	.	PUNCT
emaj-92	420	1	baele	baele	PROPN
emaj-92	420	2	,	,	PUNCT
emaj-92	420	3	l.	l.	PROPN
emaj-92	420	4	,	,	PUNCT
emaj-92	420	5	ferrando	ferrando	PROPN
emaj-92	420	6	,	,	PUNCT
emaj-92	420	7	a.	a.	NOUN
emaj-92	420	8	,	,	PUNCT
emaj-92	420	9	hördahl	hördahl	PROPN
emaj-92	420	10	,	,	PUNCT
emaj-92	420	11	p.	p.	PROPN
emaj-92	420	12	,	,	PUNCT
emaj-92	420	13	krylova	krylova	PROPN
emaj-92	420	14	,	,	PUNCT
emaj-92	420	15	e.	e.	PROPN
emaj-92	420	16	,	,	PUNCT
emaj-92	420	17	and	and	CCONJ
emaj-92	420	18	monnet	monnet	PROPN
emaj-92	420	19	,	,	PUNCT
emaj-92	420	20	c.	c.	PROPN
emaj-92	420	21	2004	2004	NUM
emaj-92	420	22	.	.	PUNCT
emaj-92	421	1	measuring	measure	VERB
emaj-92	421	2	financial	financial	ADJ
emaj-92	421	3	integration	integration	NOUN
emaj-92	421	4	in	in	ADP
emaj-92	421	5	the	the	DET
emaj-92	421	6	euro	euro	PROPN
emaj-92	421	7	area	area	NOUN
emaj-92	421	8	.	.	PUNCT
emaj-92	422	1	occasional	occasional	ADJ
emaj-92	422	2	paper	paper	NOUN
emaj-92	422	3	series	series	NOUN
emaj-92	422	4	,	,	PUNCT
emaj-92	422	5	european	european	PROPN
emaj-92	422	6	central	central	PROPN
emaj-92	422	7	bank	bank	PROPN
emaj-92	422	8	,	,	PUNCT
emaj-92	422	9	14	14	NUM
emaj-92	422	10	:	:	SYM
emaj-92	422	11	1–93	1–93	PROPN
emaj-92	422	12	.	.	PUNCT
emaj-92	423	1	baltzer	baltzer	NOUN
emaj-92	423	2	,	,	PUNCT
emaj-92	423	3	m.	m.	NOUN
emaj-92	423	4	,	,	PUNCT
emaj-92	423	5	cappiello	cappiello	PROPN
emaj-92	423	6	,	,	PUNCT
emaj-92	423	7	l.	l.	PROPN
emaj-92	423	8	,	,	PUNCT
emaj-92	423	9	de	de	X
emaj-92	423	10	santis	santis	PROPN
emaj-92	423	11	,	,	PUNCT
emaj-92	423	12	r.	r.	PROPN
emaj-92	423	13	,	,	PUNCT
emaj-92	423	14	and	and	CCONJ
emaj-92	423	15	manganelli	manganelli	NOUN
emaj-92	423	16	,	,	PUNCT
emaj-92	423	17	s.	s.	PROPN
emaj-92	423	18	2008	2008	NUM
emaj-92	423	19	.	.	PUNCT
emaj-92	424	1	measuring	measure	VERB
emaj-92	424	2	financial	financial	ADJ
emaj-92	424	3	integration	integration	NOUN
emaj-92	424	4	in	in	ADP
emaj-92	424	5	the	the	DET
emaj-92	424	6	new	new	ADJ
emaj-92	424	7	eu	eu	PROPN
emaj-92	424	8	member	member	NOUN
emaj-92	424	9	states.occasional	states.occasional	PROPN
emaj-92	424	10	paper	paper	NOUN
emaj-92	424	11	series	series	NOUN
emaj-92	424	12	,	,	PUNCT
emaj-92	424	13	european	european	PROPN
emaj-92	424	14	central	central	PROPN
emaj-92	424	15	bank	bank	PROPN
emaj-92	424	16	,	,	PUNCT
emaj-92	424	17	vol.81	vol.81	PROPN
emaj-92	424	18	.	.	PROPN
emaj-92	424	19	beck	beck	PROPN
emaj-92	424	20	,	,	PUNCT
emaj-92	424	21	r.	r.	PROPN
emaj-92	424	22	,	,	PUNCT
emaj-92	424	23	jakubik	jakubik	PROPN
emaj-92	424	24	,	,	PUNCT
emaj-92	424	25	p.	p.	NOUN
emaj-92	424	26	,	,	PUNCT
emaj-92	424	27	and	and	CCONJ
emaj-92	424	28	piloiu	piloiu	VERB
emaj-92	424	29	,	,	PUNCT
emaj-92	424	30	a.	a.	NOUN
emaj-92	424	31	2013	2013	NUM
emaj-92	424	32	.	.	PUNCT
emaj-92	425	1	non	non	ADJ
emaj-92	425	2	-	-	ADJ
emaj-92	425	3	performing	perform	VERB
emaj-92	425	4	loans	loan	NOUN
emaj-92	425	5	what	what	PRON
emaj-92	425	6	matters	matter	VERB
emaj-92	425	7	in	in	ADP
emaj-92	425	8	addition	addition	NOUN
emaj-92	425	9	to	to	ADP
emaj-92	425	10	the	the	DET
emaj-92	425	11	economic	economic	ADJ
emaj-92	425	12	cycle	cycle	NOUN
emaj-92	425	13	?	?	PUNCT
emaj-92	426	1	vol.1515	vol.1515	X
emaj-92	426	2	.	.	X
emaj-92	426	3	berben	berben	PROPN
emaj-92	426	4	,	,	PUNCT
emaj-92	426	5	r.p	r.p	PROPN
emaj-92	426	6	.	.	PROPN
emaj-92	426	7	,	,	PUNCT
emaj-92	426	8	and	and	CCONJ
emaj-92	426	9	jansen	jansen	PROPN
emaj-92	426	10	,	,	PUNCT
emaj-92	426	11	w.j	w.j	PROPN
emaj-92	426	12	.	.	PROPN
emaj-92	426	13	2005	2005	NUM
emaj-92	426	14	.	.	PUNCT
emaj-92	427	1	comovement	comovement	NOUN
emaj-92	427	2	in	in	ADP
emaj-92	427	3	international	international	ADJ
emaj-92	427	4	equity	equity	NOUN
emaj-92	427	5	markets	market	NOUN
emaj-92	427	6	:	:	PUNCT
emaj-92	427	7	a	a	DET
emaj-92	427	8	sectoral	sectoral	ADJ
emaj-92	427	9	view	view	NOUN
emaj-92	427	10	.	.	PUNCT
emaj-92	428	1	journal	journal	NOUN
emaj-92	428	2	of	of	ADP
emaj-92	428	3	international	international	ADJ
emaj-92	428	4	money	money	NOUN
emaj-92	428	5	and	and	CCONJ
emaj-92	428	6	finance	finance	NOUN
emaj-92	428	7	,	,	PUNCT
emaj-92	428	8	24	24	NUM
emaj-92	428	9	:	:	PUNCT
emaj-92	428	10	832	832	NUM
emaj-92	428	11	-	-	SYM
emaj-92	428	12	857	857	NUM
emaj-92	428	13	.	.	PUNCT
emaj-92	429	1	bertelsmann	bertelsmann	PROPN
emaj-92	429	2	stiftung	stiftung	PROPN
emaj-92	429	3	,	,	PUNCT
emaj-92	429	4	bti	bti	PROPN
emaj-92	429	5	2012	2012	NUM
emaj-92	429	6	croatia	croatia	PROPN
emaj-92	429	7	country	country	NOUN
emaj-92	429	8	report	report	PROPN
emaj-92	429	9	.	.	PUNCT
emaj-92	430	1	breusch	breusch	PROPN
emaj-92	430	2	,	,	PUNCT
emaj-92	430	3	t.	t.	PROPN
emaj-92	430	4	s.	s.	PROPN
emaj-92	430	5	,	,	PUNCT
emaj-92	430	6	and	and	CCONJ
emaj-92	430	7	pagan	pagan	VERB
emaj-92	430	8	,	,	PUNCT
emaj-92	430	9	a.	a.	PROPN
emaj-92	430	10	r.	r.	PROPN
emaj-92	430	11	1979	1979	NUM
emaj-92	430	12	.	.	PUNCT
emaj-92	431	1	a	a	DET
emaj-92	431	2	simple	simple	ADJ
emaj-92	431	3	test	test	NOUN
emaj-92	431	4	for	for	ADP
emaj-92	431	5	heteroskedasticity	heteroskedasticity	NOUN
emaj-92	431	6	and	and	CCONJ
emaj-92	431	7	random	random	ADJ
emaj-92	431	8	coefficient	coefficient	NOUN
emaj-92	431	9	variation	variation	NOUN
emaj-92	431	10	.	.	PUNCT
emaj-92	432	1	econometrica	econometrica	PROPN
emaj-92	432	2	.	.	PUNCT
emaj-92	433	1	48	48	NUM
emaj-92	433	2	:	:	PUNCT
emaj-92	433	3	1287–1294	1287–1294	NUM
emaj-92	433	4	.	.	PUNCT
emaj-92	434	1	brunaker	brunaker	PROPN
emaj-92	434	2	,	,	PUNCT
emaj-92	434	3	f.	f.	PROPN
emaj-92	434	4	,	,	PUNCT
emaj-92	434	5	and	and	CCONJ
emaj-92	434	6	nordqvist	nordqvist	PROPN
emaj-92	434	7	,	,	PUNCT
emaj-92	434	8	a.	a.	NOUN
emaj-92	434	9	2013	2013	NUM
emaj-92	434	10	.	.	PUNCT
emaj-92	435	1	a	a	DET
emaj-92	435	2	performance	performance	NOUN
emaj-92	435	3	evaluation	evaluation	NOUN
emaj-92	435	4	of	of	ADP
emaj-92	435	5	black	black	ADJ
emaj-92	435	6	swan	swan	NOUN
emaj-92	435	7	investments	investment	NOUN
emaj-92	435	8	.	.	PUNCT
emaj-92	436	1	university	university	NOUN
emaj-92	436	2	of	of	ADP
emaj-92	436	3	gothenburg	gothenburg	PROPN
emaj-92	436	4	,	,	PUNCT
emaj-92	436	5	department	department	NOUN
emaj-92	436	6	of	of	ADP
emaj-92	436	7	economics	economic	NOUN
emaj-92	436	8	,	,	PUNCT
emaj-92	436	9	bachleor	bachleor	VERB
emaj-92	436	10	thesis	thesis	NOUN
emaj-92	436	11	.	.	PUNCT
emaj-92	437	1	cappiello	cappiello	PROPN
emaj-92	437	2	,	,	PUNCT
emaj-92	437	3	l.	l.	PROPN
emaj-92	437	4	kadareja	kadareja	PROPN
emaj-92	437	5	,	,	PUNCT
emaj-92	437	6	g.a	g.a	PROPN
emaj-92	437	7	.	.	PROPN
emaj-92	437	8	,	,	PUNCT
emaj-92	437	9	and	and	CCONJ
emaj-92	437	10	manganelli	manganelli	NOUN
emaj-92	437	11	,	,	PUNCT
emaj-92	437	12	s.	s.	PROPN
emaj-92	437	13	2006	2006	NUM
emaj-92	437	14	.	.	PUNCT
emaj-92	438	1	financial	financial	ADJ
emaj-92	438	2	integration	integration	NOUN
emaj-92	438	3	of	of	ADP
emaj-92	438	4	new	new	ADJ
emaj-92	438	5	eu	eu	PROPN
emaj-92	438	6	member	member	NOUN
emaj-92	438	7	states	state	NOUN
emaj-92	438	8	.	.	PUNCT
emaj-92	439	1	ecb	ecb	PROPN
emaj-92	439	2	working	working	PROPN
emaj-92	439	3	paper	paper	NOUN
emaj-92	439	4	series	series	NOUN
emaj-92	439	5	.	.	PUNCT
emaj-92	440	1	no.683	no.683	NOUN
emaj-92	440	2	.	.	PUNCT
emaj-92	440	3	carrieri	carrieri	PROPN
emaj-92	440	4	,	,	PUNCT
emaj-92	440	5	f.	f.	PROPN
emaj-92	440	6	,	,	PUNCT
emaj-92	440	7	errunza	errunza	ADJ
emaj-92	440	8	,	,	PUNCT
emaj-92	440	9	v.	v.	ADV
emaj-92	440	10	,	,	PUNCT
emaj-92	440	11	and	and	CCONJ
emaj-92	440	12	hogan	hogan	PROPN
emaj-92	440	13	,	,	PUNCT
emaj-92	440	14	k.	k.	PROPN
emaj-92	440	15	2007	2007	NUM
emaj-92	440	16	.	.	PUNCT
emaj-92	441	1	characterizing	characterize	VERB
emaj-92	441	2	world	world	NOUN
emaj-92	441	3	market	market	NOUN
emaj-92	441	4	integration	integration	NOUN
emaj-92	441	5	through	through	ADP
emaj-92	441	6	time	time	NOUN
emaj-92	441	7	.	.	PUNCT
emaj-92	442	1	journal	journal	NOUN
emaj-92	442	2	of	of	ADP
emaj-92	442	3	financial	financial	ADJ
emaj-92	442	4	and	and	CCONJ
emaj-92	442	5	quantitative	quantitative	ADJ
emaj-92	442	6	analysis	analysis	NOUN
emaj-92	442	7	.	.	PUNCT
emaj-92	443	1	42(4	42(4	NOUN
emaj-92	443	2	):	):	PUNCT
emaj-92	443	3	915	915	NUM
emaj-92	443	4	-	-	SYM
emaj-92	443	5	940	940	NUM
emaj-92	443	6	.	.	PUNCT
emaj-92	444	1	castro	castro	PROPN
emaj-92	444	2	,	,	PUNCT
emaj-92	444	3	c.	c.	PROPN
emaj-92	444	4	c.	c.	PROPN
emaj-92	444	5	2012	2012	NUM
emaj-92	444	6	.	.	PUNCT
emaj-92	445	1	black	black	ADJ
emaj-92	445	2	swan	swan	NOUN
emaj-92	445	3	theory	theory	NOUN
emaj-92	445	4	:	:	PUNCT
emaj-92	445	5	we	we	PRON
emaj-92	445	6	know	know	VERB
emaj-92	445	7	absolutely	absolutely	ADV
emaj-92	445	8	nothing	nothing	PRON
emaj-92	445	9	&	&	CCONJ
emaj-92	445	10	the	the	DET
emaj-92	445	11	finding	finding	NOUN
emaj-92	445	12	of	of	ADP
emaj-92	445	13	atypical	atypical	ADJ
emaj-92	445	14	events	event	NOUN
emaj-92	445	15	optimization	optimization	NOUN
emaj-92	445	16	-	-	PUNCT
emaj-92	445	17	method	method	NOUN
emaj-92	445	18	.	.	PUNCT
emaj-92	446	1	copeland	copeland	PROPN
emaj-92	446	2	,	,	PUNCT
emaj-92	446	3	b.	b.	PROPN
emaj-92	446	4	1991	1991	NUM
emaj-92	446	5	.	.	PUNCT
emaj-92	447	1	tourism	tourism	NOUN
emaj-92	447	2	,	,	PUNCT
emaj-92	447	3	welfare	welfare	NOUN
emaj-92	447	4	and	and	CCONJ
emaj-92	447	5	deindustrialization	deindustrialization	NOUN
emaj-92	447	6	in	in	ADP
emaj-92	447	7	a	a	DET
emaj-92	447	8	small	small	ADJ
emaj-92	447	9	open	open	ADJ
emaj-92	447	10	economy	economy	NOUN
emaj-92	447	11	.	.	PUNCT
emaj-92	448	1	economica	economica	PROPN
emaj-92	448	2	,	,	PUNCT
emaj-92	448	3	58	58	NUM
emaj-92	448	4	:	:	PUNCT
emaj-92	448	5	515	515	NUM
emaj-92	448	6	-	-	SYM
emaj-92	448	7	529	529	NUM
emaj-92	448	8	.	.	PUNCT
emaj-92	449	1	černý	černý	PROPN
emaj-92	449	2	,	,	PUNCT
emaj-92	449	3	a.	a.	NOUN
emaj-92	449	4	,	,	PUNCT
emaj-92	449	5	and	and	CCONJ
emaj-92	449	6	koblas	koblas	PROPN
emaj-92	449	7	,	,	PUNCT
emaj-92	449	8	m.	m.	NOUN
emaj-92	449	9	2008	2008	NUM
emaj-92	449	10	.	.	PUNCT
emaj-92	450	1	stock	stock	NOUN
emaj-92	450	2	market	market	NOUN
emaj-92	450	3	integration	integration	NOUN
emaj-92	450	4	and	and	CCONJ
emaj-92	450	5	the	the	DET
emaj-92	450	6	speed	speed	NOUN
emaj-92	450	7	of	of	ADP
emaj-92	450	8	information	information	NOUN
emaj-92	450	9	transmission	transmission	NOUN
emaj-92	450	10	.	.	PUNCT
emaj-92	451	1	czech	czech	PROPN
emaj-92	451	2	journal	journal	PROPN
emaj-92	451	3	of	of	ADP
emaj-92	451	4	economics	economic	NOUN
emaj-92	451	5	and	and	CCONJ
emaj-92	451	6	finance	finance	NOUN
emaj-92	451	7	,	,	PUNCT
emaj-92	451	8	58	58	NUM
emaj-92	451	9	:	:	PUNCT
emaj-92	451	10	2	2	NUM
emaj-92	451	11	-	-	SYM
emaj-92	451	12	20	20	NUM
emaj-92	451	13	.	.	PUNCT
emaj-92	452	1	dajčman	dajčman	PROPN
emaj-92	452	2	,	,	PUNCT
emaj-92	452	3	s.	s.	PROPN
emaj-92	452	4	,	,	PUNCT
emaj-92	452	5	festić	festić	NOUN
emaj-92	452	6	,	,	PUNCT
emaj-92	452	7	m.	m.	NOUN
emaj-92	452	8	,	,	PUNCT
emaj-92	452	9	and	and	CCONJ
emaj-92	452	10	kavkler	kavkler	NOUN
emaj-92	452	11	,	,	PUNCT
emaj-92	452	12	a.	a.	NOUN
emaj-92	452	13	2013	2013	NUM
emaj-92	452	14	.	.	PUNCT
emaj-92	453	1	long	long	ADJ
emaj-92	453	2	range	range	NOUN
emaj-92	453	3	dependence	dependence	NOUN
emaj-92	453	4	in	in	ADP
emaj-92	453	5	the	the	DET
emaj-92	453	6	returns	return	NOUN
emaj-92	453	7	of	of	ADP
emaj-92	453	8	three	three	NUM
emaj-92	453	9	central	central	ADJ
emaj-92	453	10	and	and	CCONJ
emaj-92	453	11	eastern	eastern	ADJ
emaj-92	453	12	european	european	ADJ
emaj-92	453	13	stock	stock	NOUN
emaj-92	453	14	markets	market	VERB
emaj-92	453	15	a	a	DET
emaj-92	453	16	time	time	NOUN
emaj-92	453	17	-	-	PUNCT
emaj-92	453	18	varying	vary	VERB
emaj-92	453	19	analysis	analysis	NOUN
emaj-92	453	20	.	.	PUNCT
emaj-92	454	1	transformations	transformation	NOUN
emaj-92	454	2	in	in	ADP
emaj-92	454	3	business	business	NOUN
emaj-92	454	4	&	&	CCONJ
emaj-92	454	5	economics	economics	PROPN
emaj-92	454	6	(	(	PUNCT
emaj-92	454	7	tibe	tibe	PROPN
emaj-92	454	8	)	)	PUNCT
emaj-92	454	9	in	in	ADP
emaj-92	454	10	print	print	NOUN
emaj-92	454	11	,	,	PUNCT
emaj-92	454	12	vol	vol	NOUN
emaj-92	454	13	12	12	NUM
emaj-92	454	14	,	,	PUNCT
emaj-92	454	15	1	1	NUM
emaj-92	454	16	(	(	PUNCT
emaj-92	454	17	28	28	NUM
emaj-92	454	18	):	):	PUNCT
emaj-92	454	19	206	206	NUM
emaj-92	454	20	-	-	SYM
emaj-92	454	21	220	220	NUM
emaj-92	454	22	.	.	PUNCT
emaj-92	455	1	dalić	dalić	NOUN
emaj-92	455	2	,	,	PUNCT
emaj-92	455	3	m.	m.	NOUN
emaj-92	455	4	2002	2002	NUM
emaj-92	455	5	.	.	PUNCT
emaj-92	456	1	usporedna	usporedna	PROPN
emaj-92	456	2	analiza	analiza	PROPN
emaj-92	456	3	hrvatskog	hrvatskog	PROPN
emaj-92	456	4	financijskog	financijskog	PROPN
emaj-92	456	5	sustava	sustava	PROPN
emaj-92	456	6	i	i	PRON
emaj-92	456	7	financijskih	financijskih	NOUN
emaj-92	456	8	sustava	sustava	VERB
emaj-92	456	9	naprednih	naprednih	PROPN
emaj-92	456	10	tranzicijskih	tranzicijskih	PROPN
emaj-92	456	11	zemalja	zemalja	NOUN
emaj-92	456	12	.	.	PUNCT
emaj-92	457	1	privredna	privredna	PROPN
emaj-92	457	2	kretanja	kretanja	PROPN
emaj-92	457	3	i	i	PRON
emaj-92	457	4	ekonomska	ekonomska	PROPN
emaj-92	457	5	politika	politika	PROPN
emaj-92	457	6	.	.	PUNCT
emaj-92	457	7	92	92	NUM
emaj-92	457	8	:	:	SYM
emaj-92	457	9	27	27	NUM
emaj-92	457	10	-	-	SYM
emaj-92	457	11	51	51	NUM
emaj-92	457	12	.	.	PUNCT
emaj-92	457	13	de	de	X
emaj-92	457	14	santis	santis	PROPN
emaj-92	457	15	,	,	PUNCT
emaj-92	457	16	r.	r.	PROPN
emaj-92	457	17	a.	a.	PROPN
emaj-92	457	18	,	,	PUNCT
emaj-92	457	19	and	and	CCONJ
emaj-92	457	20	gérard	gérard	PROPN
emaj-92	457	21	,	,	PUNCT
emaj-92	457	22	b.	b.	PROPN
emaj-92	457	23	2006	2006	NUM
emaj-92	457	24	.	.	PUNCT
emaj-92	458	1	financial	financial	ADJ
emaj-92	458	2	integration	integration	NOUN
emaj-92	458	3	,	,	PUNCT
emaj-92	458	4	international	international	ADJ
emaj-92	458	5	portfolio	portfolio	NOUN
emaj-92	458	6	choice	choice	NOUN
emaj-92	458	7	and	and	CCONJ
emaj-92	458	8	the	the	DET
emaj-92	458	9	european	european	PROPN
emaj-92	458	10	monetary	monetary	PROPN
emaj-92	458	11	union	union	PROPN
emaj-92	458	12	.	.	PUNCT
emaj-92	459	1	european	european	PROPN
emaj-92	459	2	central	central	PROPN
emaj-92	459	3	bank	bank	PROPN
emaj-92	459	4	,	,	PUNCT
emaj-92	459	5	working	working	NOUN
emaj-92	459	6	paper	paper	NOUN
emaj-92	459	7	series	series	PROPN
emaj-92	459	8	no.626	no.626	PROPN
emaj-92	459	9	.	.	PROPN
emaj-92	459	10	dickey	dickey	PROPN
emaj-92	459	11	,	,	PUNCT
emaj-92	459	12	d.a	d.a	PROPN
emaj-92	459	13	.	.	PROPN
emaj-92	459	14	,	,	PUNCT
emaj-92	459	15	and	and	CCONJ
emaj-92	459	16	fuller	full	ADJ
emaj-92	459	17	,	,	PUNCT
emaj-92	459	18	w.a	w.a	PROPN
emaj-92	459	19	.	.	PROPN
emaj-92	459	20	1979	1979	NUM
emaj-92	459	21	.	.	PUNCT
emaj-92	460	1	distribution	distribution	NOUN
emaj-92	460	2	of	of	ADP
emaj-92	460	3	the	the	DET
emaj-92	460	4	estimators	estimator	NOUN
emaj-92	460	5	for	for	ADP
emaj-92	460	6	autoregressive	autoregressive	ADJ
emaj-92	460	7	time	time	NOUN
emaj-92	460	8	series	series	NOUN
emaj-92	460	9	with	with	ADP
emaj-92	460	10	a	a	DET
emaj-92	460	11	unit	unit	NOUN
emaj-92	460	12	root	root	NOUN
emaj-92	460	13	.	.	PUNCT
emaj-92	461	1	journal	journal	NOUN
emaj-92	461	2	of	of	ADP
emaj-92	461	3	the	the	DET
emaj-92	461	4	american	american	PROPN
emaj-92	461	5	statistical	statistical	ADJ
emaj-92	461	6	association	association	NOUN
emaj-92	461	7	.	.	PUNCT
emaj-92	462	1	74	74	NUM
emaj-92	462	2	:	:	PUNCT
emaj-92	463	1	427–431	427–431	NUM
emaj-92	463	2	.	.	PUNCT
emaj-92	463	3	dolenc	dolenc	NOUN
emaj-92	463	4	,	,	PUNCT
emaj-92	463	5	p.	p.	NOUN
emaj-92	463	6	,	,	PUNCT
emaj-92	463	7	and	and	CCONJ
emaj-92	463	8	laporšek	laporšek	NOUN
emaj-92	463	9	,	,	PUNCT
emaj-92	463	10	s.	s.	PROPN
emaj-92	463	11	2010	2010	NUM
emaj-92	463	12	.	.	PUNCT
emaj-92	464	1	tax	tax	NOUN
emaj-92	464	2	wedge	wedge	NOUN
emaj-92	464	3	on	on	ADP
emaj-92	464	4	labour	labour	NOUN
emaj-92	464	5	and	and	CCONJ
emaj-92	464	6	its	its	PRON
emaj-92	464	7	effects	effect	NOUN
emaj-92	464	8	on	on	ADP
emaj-92	464	9	employment	employment	NOUN
emaj-92	464	10	growth	growth	NOUN
emaj-92	464	11	in	in	ADP
emaj-92	464	12	the	the	DET
emaj-92	464	13	european	european	PROPN
emaj-92	464	14	union	union	PROPN
emaj-92	464	15	.	.	PUNCT
emaj-92	465	1	prague	prague	PROPN
emaj-92	465	2	economic	economic	ADJ
emaj-92	465	3	papers	paper	NOUN
emaj-92	465	4	,	,	PUNCT
emaj-92	465	5	4	4	NUM
emaj-92	465	6	:	:	SYM
emaj-92	465	7	344	344	NUM
emaj-92	465	8	–	–	PUNCT
emaj-92	465	9	358	358	NUM
emaj-92	465	10	.	.	PUNCT
emaj-92	466	1	dvorák	dvorák	ADJ
emaj-92	466	2	,	,	PUNCT
emaj-92	466	3	t.	t.	PROPN
emaj-92	466	4	,	,	PUNCT
emaj-92	466	5	and	and	CCONJ
emaj-92	466	6	podpiera	podpiera	NOUN
emaj-92	466	7	,	,	PUNCT
emaj-92	466	8	r.	r.	PROPN
emaj-92	466	9	2006	2006	NUM
emaj-92	466	10	.	.	PUNCT
emaj-92	467	1	european	european	PROPN
emaj-92	467	2	union	union	PROPN
emaj-92	467	3	enlargement	enlargement	NOUN
emaj-92	467	4	and	and	CCONJ
emaj-92	467	5	equity	equity	NOUN
emaj-92	467	6	markets	market	NOUN
emaj-92	467	7	in	in	ADP
emaj-92	467	8	accession	accession	NOUN
emaj-92	467	9	countries	country	NOUN
emaj-92	467	10	.	.	PUNCT
emaj-92	468	1	emerging	emerge	VERB
emaj-92	468	2	markets	market	NOUN
emaj-92	468	3	review	review	VERB
emaj-92	468	4	,	,	PUNCT
emaj-92	468	5	7(2	7(2	NUM
emaj-92	468	6	):	):	PUNCT
emaj-92	468	7	129–146	129–146	NUM
emaj-92	468	8	.	.	PUNCT
emaj-92	469	1	http://www.jstor.org/stable/2286348	http://www.jstor.org/stable/2286348	PROPN
emaj-92	469	2	http://www.jstor.org/stable/2286348	http://www.jstor.org/stable/2286348	PROPN
emaj-92	469	3	http://www.jstor.org/stable/2286348	http://www.jstor.org/stable/2286348	ADJ
emaj-92	469	4	volume	volume	NOUN
emaj-92	469	5	6	6	NUM
emaj-92	469	6	no	no	DET
emaj-92	469	7	1	1	NUM
emaj-92	469	8	(	(	PUNCT
emaj-92	469	9	2016	2016	NUM
emaj-92	469	10	)	)	PUNCT
emaj-92	469	11	|	|	ADV
emaj-92	469	12	issn	issn	VERB
emaj-92	469	13	2158	2158	NUM
emaj-92	469	14	-	-	SYM
emaj-92	469	15	8708	8708	NUM
emaj-92	469	16	(	(	PUNCT
emaj-92	469	17	online	online	NOUN
emaj-92	469	18	)	)	PUNCT
emaj-92	469	19	|	|	ADV
emaj-92	469	20	doi	doi	X
emaj-92	469	21	10.5195	10.5195	NUM
emaj-92	469	22	/	/	SYM
emaj-92	469	23	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	469	24	|	|	ADV
emaj-92	469	25	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	469	26	testing	test	VERB
emaj-92	469	27	the	the	DET
emaj-92	469	28	‘	'	PUNCT
emaj-92	469	29	black	black	ADJ
emaj-92	469	30	swan	swan	NOUN
emaj-92	469	31	effect	effect	NOUN
emaj-92	469	32	’	'	PUNCT
emaj-92	469	33	on	on	ADP
emaj-92	469	34	croatian	croatian	ADJ
emaj-92	469	35	stock	stock	NOUN
emaj-92	469	36	market	market	NOUN
emaj-92	469	37	between	between	ADP
emaj-92	469	38	2000	2000	NUM
emaj-92	469	39	and	and	CCONJ
emaj-92	469	40	2013	2013	NUM
emaj-92	469	41	page	page	NOUN
emaj-92	469	42	|14|	|14|	NOUN
emaj-92	469	43	emerging	emerge	VERB
emaj-92	469	44	markets	market	NOUN
emaj-92	469	45	journal	journal	PROPN
emaj-92	469	46	égert	égert	PROPN
emaj-92	469	47	,	,	PUNCT
emaj-92	469	48	b.	b.	PROPN
emaj-92	469	49	,and	,and	PUNCT
emaj-92	469	50	kočenda	kočenda	PROPN
emaj-92	469	51	,	,	PUNCT
emaj-92	469	52	e.	e.	PROPN
emaj-92	469	53	2007	2007	NUM
emaj-92	469	54	.	.	PUNCT
emaj-92	470	1	interdependence	interdependence	NOUN
emaj-92	470	2	between	between	ADP
emaj-92	470	3	eastern	eastern	ADJ
emaj-92	470	4	and	and	CCONJ
emaj-92	470	5	western	western	ADJ
emaj-92	470	6	european	european	ADJ
emaj-92	470	7	stock	stock	NOUN
emaj-92	470	8	markets	market	NOUN
emaj-92	470	9	:	:	PUNCT
emaj-92	470	10	evidence	evidence	NOUN
emaj-92	470	11	from	from	ADP
emaj-92	470	12	intraday	intraday	PROPN
emaj-92	470	13	data	datum	NOUN
emaj-92	470	14	.	.	PUNCT
emaj-92	471	1	economic	economic	ADJ
emaj-92	471	2	systems	system	NOUN
emaj-92	471	3	,	,	PUNCT
emaj-92	471	4	31(2):184–203	31(2):184–203	NUM
emaj-92	471	5	.	.	PUNCT
emaj-92	471	6	égert	égert	PROPN
emaj-92	471	7	,	,	PUNCT
emaj-92	471	8	b.	b.	PROPN
emaj-92	471	9	,	,	PUNCT
emaj-92	471	10	and	and	CCONJ
emaj-92	471	11	koubaa	koubaa	PROPN
emaj-92	471	12	,	,	PUNCT
emaj-92	471	13	y.	y.	PROPN
emaj-92	471	14	2004	2004	NUM
emaj-92	471	15	.	.	PUNCT
emaj-92	472	1	modelling	model	VERB
emaj-92	472	2	stock	stock	NOUN
emaj-92	472	3	returns	return	NOUN
emaj-92	472	4	in	in	ADP
emaj-92	472	5	the	the	DET
emaj-92	472	6	g-7	g-7	NOUN
emaj-92	472	7	and	and	CCONJ
emaj-92	472	8	in	in	ADP
emaj-92	472	9	selected	select	VERB
emaj-92	472	10	cee	cee	NOUN
emaj-92	472	11	economies	economy	NOUN
emaj-92	472	12	:	:	PUNCT
emaj-92	472	13	a	a	DET
emaj-92	472	14	nonlinear	nonlinear	ADJ
emaj-92	472	15	garch	garch	NOUN
emaj-92	472	16	approach	approach	NOUN
emaj-92	472	17	.	.	PUNCT
emaj-92	473	1	william	william	PROPN
emaj-92	473	2	davidson	davidson	PROPN
emaj-92	473	3	institute	institute	PROPN
emaj-92	473	4	working	working	PROPN
emaj-92	473	5	paper	paper	PROPN
emaj-92	473	6	no.663	no.663	PROPN
emaj-92	473	7	.	.	PUNCT
emaj-92	474	1	engle	engle	PROPN
emaj-92	474	2	,	,	PUNCT
emaj-92	474	3	r.f	r.f	PROPN
emaj-92	474	4	.	.	PROPN
emaj-92	474	5	,	,	PUNCT
emaj-92	474	6	and	and	CCONJ
emaj-92	474	7	granger	granger	PROPN
emaj-92	474	8	c.w	c.w	PROPN
emaj-92	474	9	.	.	PROPN
emaj-92	474	10	1987	1987	NUM
emaj-92	474	11	.	.	PUNCT
emaj-92	475	1	cointegration	cointegration	NOUN
emaj-92	475	2	and	and	CCONJ
emaj-92	475	3	error	error	NOUN
emaj-92	475	4	correction	correction	NOUN
emaj-92	475	5	:	:	PUNCT
emaj-92	475	6	representation	representation	NOUN
emaj-92	475	7	,	,	PUNCT
emaj-92	475	8	estimation	estimation	NOUN
emaj-92	475	9	and	and	CCONJ
emaj-92	475	10	testing	testing	NOUN
emaj-92	475	11	.	.	PUNCT
emaj-92	476	1	econometrica	econometrica	PROPN
emaj-92	476	2	.	.	PUNCT
emaj-92	477	1	55:51–276	55:51–276	NUM
emaj-92	477	2	.	.	PUNCT
emaj-92	477	3	erdogan	erdogan	PROPN
emaj-92	477	4	,	,	PUNCT
emaj-92	477	5	b.	b.	PROPN
emaj-92	477	6	2008	2008	NUM
emaj-92	477	7	.	.	PUNCT
emaj-92	478	1	financial	financial	ADJ
emaj-92	478	2	integration	integration	NOUN
emaj-92	478	3	in	in	ADP
emaj-92	478	4	the	the	DET
emaj-92	478	5	european	european	ADJ
emaj-92	478	6	stock	stock	PROPN
emaj-92	478	7	markets	market	NOUN
emaj-92	478	8	’	'	PUNCT
emaj-92	478	9	,	,	PUNCT
emaj-92	478	10	working	work	VERB
emaj-92	478	11	paper	paper	NOUN
emaj-92	478	12	d.	d.	PROPN
emaj-92	478	13	1.1.a	1.1.a	NUM
emaj-92	478	14	.	.	PROPN
emaj-92	478	15	,	,	PUNCT
emaj-92	478	16	finess	finess	NOUN
emaj-92	478	17	,	,	PUNCT
emaj-92	478	18	european	european	PROPN
emaj-92	478	19	commision	commision	PROPN
emaj-92	478	20	.	.	PUNCT
emaj-92	479	1	esaka	esaka	ADV
emaj-92	479	2	,	,	PUNCT
emaj-92	479	3	t.	t.	PROPN
emaj-92	479	4	2003	2003	NUM
emaj-92	479	5	.	.	PUNCT
emaj-92	480	1	panel	panel	NOUN
emaj-92	480	2	unit	unit	NOUN
emaj-92	480	3	root	root	NOUN
emaj-92	480	4	tests	test	NOUN
emaj-92	480	5	of	of	ADP
emaj-92	480	6	purchasing	purchase	VERB
emaj-92	480	7	power	power	NOUN
emaj-92	480	8	parity	parity	NOUN
emaj-92	480	9	between	between	ADP
emaj-92	480	10	japanese	japanese	ADJ
emaj-92	480	11	cities	city	NOUN
emaj-92	480	12	,	,	PUNCT
emaj-92	480	13	1960	1960	NUM
emaj-92	480	14	–	–	PUNCT
emaj-92	480	15	1998	1998	NUM
emaj-92	480	16	:	:	PUNCT
emaj-92	480	17	disaggregated	disaggregate	VERB
emaj-92	480	18	price	price	NOUN
emaj-92	480	19	data	datum	NOUN
emaj-92	480	20	.	.	PUNCT
emaj-92	481	1	japan	japan	PROPN
emaj-92	481	2	and	and	CCONJ
emaj-92	481	3	the	the	DET
emaj-92	481	4	world	world	NOUN
emaj-92	481	5	economy	economy	NOUN
emaj-92	481	6	.	.	PUNCT
emaj-92	482	1	15	15	NUM
emaj-92	482	2	(	(	PUNCT
emaj-92	482	3	2	2	NUM
emaj-92	482	4	):	):	PUNCT
emaj-92	482	5	233–244	233–244	NUM
emaj-92	482	6	.	.	PUNCT
emaj-92	483	1	estrada	estrada	PROPN
emaj-92	483	2	,	,	PUNCT
emaj-92	483	3	j.	j.	PROPN
emaj-92	483	4	2009	2009	NUM
emaj-92	483	5	.	.	PUNCT
emaj-92	484	1	black	black	ADJ
emaj-92	484	2	swans	swan	NOUN
emaj-92	484	3	in	in	ADP
emaj-92	484	4	emerging	emerge	VERB
emaj-92	484	5	markets	market	NOUN
emaj-92	484	6	.	.	PUNCT
emaj-92	485	1	journal	journal	NOUN
emaj-92	485	2	of	of	ADP
emaj-92	485	3	investing	investing	NOUN
emaj-92	485	4	,	,	PUNCT
emaj-92	485	5	18(2	18(2	NUM
emaj-92	485	6	):	):	PUNCT
emaj-92	485	7	50	50	NUM
emaj-92	485	8	-	-	SYM
emaj-92	485	9	56	56	NUM
emaj-92	485	10	.	.	PUNCT
emaj-92	486	1	european	european	PROPN
emaj-92	486	2	commission	commission	PROPN
emaj-92	486	3	,	,	PUNCT
emaj-92	486	4	2010	2010	NUM
emaj-92	486	5	.	.	PUNCT
emaj-92	487	1	eu	eu	PROPN
emaj-92	487	2	candidate	candidate	NOUN
emaj-92	487	3	and	and	CCONJ
emaj-92	487	4	pre	pre	ADJ
emaj-92	487	5	-	-	ADJ
emaj-92	487	6	accession	accession	ADJ
emaj-92	487	7	countries	country	NOUN
emaj-92	487	8	economic	economic	ADJ
emaj-92	487	9	quarterly	quarterly	ADV
emaj-92	487	10	.	.	PUNCT
emaj-92	488	1	european	european	ADJ
emaj-92	488	2	parliament	parliament	PROPN
emaj-92	488	3	,	,	PUNCT
emaj-92	488	4	directorate	directorate	ADJ
emaj-92	488	5	general	general	NOUN
emaj-92	488	6	for	for	ADP
emaj-92	488	7	internal	internal	ADJ
emaj-92	488	8	policies	policy	NOUN
emaj-92	488	9	.	.	PUNCT
emaj-92	489	1	2010	2010	NUM
emaj-92	489	2	.	.	PUNCT
emaj-92	490	1	the	the	DET
emaj-92	490	2	economic	economic	ADJ
emaj-92	490	3	and	and	CCONJ
emaj-92	490	4	political	political	ADJ
emaj-92	490	5	situation	situation	NOUN
emaj-92	490	6	in	in	ADP
emaj-92	490	7	croatia	croatia	PROPN
emaj-92	490	8	.	.	PUNCT
emaj-92	491	1	european	european	ADJ
emaj-92	491	2	policy	policy	NOUN
emaj-92	491	3	center	center	NOUN
emaj-92	491	4	,	,	PUNCT
emaj-92	491	5	2014	2014	NUM
emaj-92	491	6	.	.	PUNCT
emaj-92	492	1	eu	eu	PROPN
emaj-92	492	2	integration	integration	NOUN
emaj-92	492	3	and	and	CCONJ
emaj-92	492	4	party	party	NOUN
emaj-92	492	5	politics	politic	NOUN
emaj-92	492	6	in	in	ADP
emaj-92	492	7	the	the	DET
emaj-92	492	8	balkans	balkans	PROPN
emaj-92	492	9	.	.	PUNCT
emaj-92	493	1	pc	pc	NOUN
emaj-92	493	2	issue	issue	NOUN
emaj-92	493	3	no.77	no.77	NOUN
emaj-92	493	4	.	.	PUNCT
emaj-92	494	1	festić	festić	NOUN
emaj-92	494	2	,	,	PUNCT
emaj-92	494	3	m.	m.	NOUN
emaj-92	494	4	,	,	PUNCT
emaj-92	494	5	repina	repina	PROPN
emaj-92	494	6	,	,	PUNCT
emaj-92	494	7	s.	s.	PROPN
emaj-92	494	8	,	,	PUNCT
emaj-92	494	9	and	and	CCONJ
emaj-92	494	10	kavkler	kavkler	NOUN
emaj-92	494	11	,	,	PUNCT
emaj-92	494	12	a.	a.	NOUN
emaj-92	494	13	2009	2009	NUM
emaj-92	494	14	.	.	PUNCT
emaj-92	495	1	the	the	DET
emaj-92	495	2	overheating	overheating	NOUN
emaj-92	495	3	of	of	ADP
emaj-92	495	4	five	five	NUM
emaj-92	495	5	eu	eu	PROPN
emaj-92	495	6	new	new	ADJ
emaj-92	495	7	member	member	NOUN
emaj-92	495	8	states	state	NOUN
emaj-92	495	9	and	and	CCONJ
emaj-92	495	10	cyclicality	cyclicality	NOUN
emaj-92	495	11	of	of	ADP
emaj-92	495	12	systemic	systemic	ADJ
emaj-92	495	13	risk	risk	NOUN
emaj-92	495	14	in	in	ADP
emaj-92	495	15	the	the	DET
emaj-92	495	16	banking	banking	NOUN
emaj-92	495	17	sector	sector	NOUN
emaj-92	495	18	.	.	PUNCT
emaj-92	496	1	journal	journal	PROPN
emaj-92	496	2	of	of	ADP
emaj-92	496	3	business	business	NOUN
emaj-92	496	4	economics	economic	NOUN
emaj-92	496	5	and	and	CCONJ
emaj-92	496	6	managemen	manageman	NOUN
emaj-92	496	7	.	.	PUNCT
emaj-92	497	1	10	10	NUM
emaj-92	497	2	(	(	PUNCT
emaj-92	497	3	3	3	NUM
emaj-92	497	4	):	):	PUNCT
emaj-92	497	5	219	219	NUM
emaj-92	497	6	-	-	SYM
emaj-92	497	7	232	232	NUM
emaj-92	497	8	.	.	PUNCT
emaj-92	498	1	fisher	fisher	PROPN
emaj-92	498	2	,	,	PUNCT
emaj-92	498	3	i.	i.	PROPN
emaj-92	498	4	1930	1930	NUM
emaj-92	498	5	.	.	PUNCT
emaj-92	499	1	the	the	DET
emaj-92	499	2	theory	theory	NOUN
emaj-92	499	3	of	of	ADP
emaj-92	499	4	interest	interest	NOUN
emaj-92	499	5	.	.	PUNCT
emaj-92	500	1	new	new	PROPN
emaj-92	500	2	york	york	PROPN
emaj-92	500	3	,	,	PUNCT
emaj-92	500	4	macmillan	macmillan	PROPN
emaj-92	500	5	.	.	PUNCT
emaj-92	500	6	fratzscher	fratzscher	PROPN
emaj-92	500	7	,	,	PUNCT
emaj-92	500	8	m.	m.	NOUN
emaj-92	500	9	2002	2002	NUM
emaj-92	500	10	.	.	PUNCT
emaj-92	501	1	financial	financial	ADJ
emaj-92	501	2	market	market	NOUN
emaj-92	501	3	integration	integration	NOUN
emaj-92	501	4	in	in	ADP
emaj-92	501	5	europe	europe	PROPN
emaj-92	501	6	:	:	PUNCT
emaj-92	501	7	on	on	ADP
emaj-92	501	8	the	the	DET
emaj-92	501	9	effects	effect	NOUN
emaj-92	501	10	of	of	ADP
emaj-92	501	11	emu	emu	PROPN
emaj-92	501	12	on	on	ADP
emaj-92	501	13	stock	stock	NOUN
emaj-92	501	14	markets	market	NOUN
emaj-92	501	15	.	.	PUNCT
emaj-92	502	1	international	international	ADJ
emaj-92	502	2	journal	journal	PROPN
emaj-92	502	3	of	of	ADP
emaj-92	502	4	finance	finance	NOUN
emaj-92	502	5	and	and	CCONJ
emaj-92	502	6	economics	economic	NOUN
emaj-92	502	7	.	.	PUNCT
emaj-92	503	1	7:165	7:165	NUM
emaj-92	503	2	-	-	SYM
emaj-92	503	3	193	193	NUM
emaj-92	503	4	.	.	PUNCT
emaj-92	504	1	gerard	gerard	PROPN
emaj-92	504	2	b.	b.	PROPN
emaj-92	504	3	,	,	PUNCT
emaj-92	504	4	hillion	hillion	NOUN
emaj-92	504	5	,	,	PUNCT
emaj-92	504	6	p.	p.	NOUN
emaj-92	504	7	,	,	PUNCT
emaj-92	504	8	and	and	CCONJ
emaj-92	504	9	roon	roon	PROPN
emaj-92	504	10	,	,	PUNCT
emaj-92	504	11	f.	f.	PROPN
emaj-92	504	12	2003	2003	NUM
emaj-92	504	13	.	.	PUNCT
emaj-92	505	1	international	international	ADJ
emaj-92	505	2	portfolio	portfolio	NOUN
emaj-92	505	3	diverzification	diverzification	PROPN
emaj-92	505	4	:	:	PUNCT
emaj-92	505	5	industry	industry	NOUN
emaj-92	505	6	,	,	PUNCT
emaj-92	505	7	country	country	NOUN
emaj-92	505	8	and	and	CCONJ
emaj-92	505	9	currency	currency	NOUN
emaj-92	505	10	.	.	PUNCT
emaj-92	506	1	effects	effect	NOUN
emaj-92	506	2	revisited	revisit	VERB
emaj-92	506	3	,	,	PUNCT
emaj-92	506	4	working	working	NOUN
emaj-92	506	5	paper	paper	NOUN
emaj-92	506	6	.	.	PUNCT
emaj-92	507	1	glazar	glazar	PROPN
emaj-92	507	2	,	,	PUNCT
emaj-92	507	3	a.	a.	NOUN
emaj-92	507	4	,	,	PUNCT
emaj-92	507	5	and	and	CCONJ
emaj-92	507	6	striekolwski	striekolwski	VERB
emaj-92	507	7	,	,	PUNCT
emaj-92	507	8	w.	w.	PROPN
emaj-92	507	9	2010	2010	NUM
emaj-92	507	10	.	.	PUNCT
emaj-92	508	1	turkey	turkey	PROPN
emaj-92	508	2	and	and	CCONJ
emaj-92	508	3	the	the	DET
emaj-92	508	4	european	european	PROPN
emaj-92	508	5	union	union	PROPN
emaj-92	508	6	:	:	PUNCT
emaj-92	508	7	possible	possible	ADJ
emaj-92	508	8	incidence	incidence	NOUN
emaj-92	508	9	of	of	ADP
emaj-92	508	10	the	the	DET
emaj-92	508	11	accession	accession	NOUN
emaj-92	508	12	on	on	ADP
emaj-92	508	13	migration	migration	NOUN
emaj-92	508	14	flows	flow	NOUN
emaj-92	508	15	.	.	PUNCT
emaj-92	509	1	prague	prague	PROPN
emaj-92	509	2	economic	economic	ADJ
emaj-92	509	3	papers	paper	NOUN
emaj-92	509	4	.	.	PUNCT
emaj-92	510	1	3	3	NUM
emaj-92	510	2	:	:	SYM
emaj-92	510	3	218	218	NUM
emaj-92	510	4	–	–	SYM
emaj-92	510	5	234	234	NUM
emaj-92	510	6	.	.	PUNCT
emaj-92	510	7	godfrey	godfrey	PROPN
emaj-92	510	8	,	,	PUNCT
emaj-92	510	9	l.g	l.g	PROPN
emaj-92	510	10	.	.	PROPN
emaj-92	510	11	1978	1978	NUM
emaj-92	510	12	.	.	PUNCT
emaj-92	511	1	testing	test	VERB
emaj-92	511	2	for	for	ADP
emaj-92	511	3	multiplicative	multiplicative	ADJ
emaj-92	511	4	heteroscedasticity	heteroscedasticity	NOUN
emaj-92	511	5	.	.	PUNCT
emaj-92	512	1	journal	journal	PROPN
emaj-92	512	2	of	of	ADP
emaj-92	512	3	econometrics	econometric	NOUN
emaj-92	512	4	.	.	PUNCT
emaj-92	513	1	8	8	NUM
emaj-92	513	2	:	:	SYM
emaj-92	513	3	227	227	NUM
emaj-92	513	4	–	–	SYM
emaj-92	513	5	236	236	NUM
emaj-92	513	6	.	.	PUNCT
emaj-92	513	7	hanousek	hanousek	PROPN
emaj-92	513	8	,	,	PUNCT
emaj-92	513	9	j.	j.	PROPN
emaj-92	513	10	,	,	PUNCT
emaj-92	513	11	kočenda	kočenda	PROPN
emaj-92	513	12	,	,	PUNCT
emaj-92	513	13	e.	e.	PROPN
emaj-92	513	14	,	,	PUNCT
emaj-92	513	15	and	and	CCONJ
emaj-92	513	16	kutan	kutan	PROPN
emaj-92	513	17	,	,	PUNCT
emaj-92	513	18	a.m.	a.m.	PROPN
emaj-92	513	19	2009	2009	NUM
emaj-92	513	20	.	.	PUNCT
emaj-92	514	1	the	the	DET
emaj-92	514	2	reaction	reaction	NOUN
emaj-92	514	3	of	of	ADP
emaj-92	514	4	asset	asset	NOUN
emaj-92	514	5	prices	price	NOUN
emaj-92	514	6	to	to	ADP
emaj-92	514	7	macroeconomic	macroeconomic	ADJ
emaj-92	514	8	announcements	announcement	NOUN
emaj-92	514	9	in	in	ADP
emaj-92	514	10	new	new	ADJ
emaj-92	514	11	eu	eu	PROPN
emaj-92	514	12	markets	market	NOUN
emaj-92	514	13	:	:	PUNCT
emaj-92	514	14	evidence	evidence	NOUN
emaj-92	514	15	from	from	ADP
emaj-92	514	16	intraday	intraday	PROPN
emaj-92	514	17	data	datum	NOUN
emaj-92	514	18	.	.	PUNCT
emaj-92	515	1	journal	journal	PROPN
emaj-92	515	2	of	of	ADP
emaj-92	515	3	financial	financial	ADJ
emaj-92	515	4	stability	stability	NOUN
emaj-92	515	5	,	,	PUNCT
emaj-92	515	6	5(2	5(2	NUM
emaj-92	515	7	):	):	PUNCT
emaj-92	515	8	199	199	NUM
emaj-92	515	9	-	-	SYM
emaj-92	515	10	219	219	NUM
emaj-92	515	11	.	.	PUNCT
emaj-92	516	1	hansen	hansen	PROPN
emaj-92	516	2	,	,	PUNCT
emaj-92	516	3	b.	b.	PROPN
emaj-92	516	4	e.	e.	PROPN
emaj-92	516	5	1997	1997	NUM
emaj-92	516	6	.	.	PUNCT
emaj-92	517	1	approximate	approximate	ADJ
emaj-92	517	2	asymptotic	asymptotic	ADJ
emaj-92	517	3	p	p	NOUN
emaj-92	517	4	-	-	PUNCT
emaj-92	517	5	values	value	NOUN
emaj-92	517	6	for	for	ADP
emaj-92	517	7	structural	structural	ADJ
emaj-92	517	8	-	-	PUNCT
emaj-92	517	9	change	change	NOUN
emaj-92	517	10	tests	test	NOUN
emaj-92	517	11	.	.	PUNCT
emaj-92	518	1	journal	journal	NOUN
emaj-92	518	2	of	of	ADP
emaj-92	518	3	business	business	NOUN
emaj-92	518	4	and	and	CCONJ
emaj-92	518	5	economic	economic	ADJ
emaj-92	518	6	statistics	statistic	NOUN
emaj-92	518	7	.	.	PUNCT
emaj-92	519	1	15:60	15:60	NUM
emaj-92	519	2	-	-	SYM
emaj-92	519	3	67	67	NUM
emaj-92	519	4	.	.	PUNCT
emaj-92	519	5	holzner	holzner	NOUN
emaj-92	519	6	,	,	PUNCT
emaj-92	519	7	m.	m.	NOUN
emaj-92	519	8	2005	2005	NUM
emaj-92	519	9	.	.	PUNCT
emaj-92	520	1	fear	fear	NOUN
emaj-92	520	2	of	of	ADP
emaj-92	520	3	croatian	croatian	ADJ
emaj-92	520	4	disease	disease	NOUN
emaj-92	520	5	.	.	PUNCT
emaj-92	521	1	is	be	AUX
emaj-92	521	2	there	there	PRON
emaj-92	521	3	a	a	DET
emaj-92	521	4	danger	danger	NOUN
emaj-92	521	5	of	of	ADP
emaj-92	521	6	a	a	DET
emaj-92	521	7	dutch	dutch	ADJ
emaj-92	521	8	disease	disease	NOUN
emaj-92	521	9	effect	effect	NOUN
emaj-92	521	10	with	with	ADP
emaj-92	521	11	respect	respect	NOUN
emaj-92	521	12	to	to	ADP
emaj-92	521	13	a	a	DET
emaj-92	521	14	boom	boom	NOUN
emaj-92	521	15	in	in	ADP
emaj-92	521	16	the	the	DET
emaj-92	521	17	tourism	tourism	NOUN
emaj-92	521	18	sector	sector	NOUN
emaj-92	521	19	in	in	ADP
emaj-92	521	20	croatia	croatia	PROPN
emaj-92	521	21	in	in	ADP
emaj-92	521	22	the	the	DET
emaj-92	521	23	long	long	ADJ
emaj-92	521	24	run	run	NOUN
emaj-92	521	25	’	'	PUNCT
emaj-92	521	26	the	the	DET
emaj-92	521	27	croatian	croatian	ADJ
emaj-92	521	28	disease	disease	NOUN
emaj-92	521	29	’	'	PUNCT
emaj-92	521	30	?	?	PUNCT
emaj-92	522	1	wu	wu	PROPN
emaj-92	522	2	vienna	vienna	PROPN
emaj-92	522	3	university	university	PROPN
emaj-92	522	4	of	of	ADP
emaj-92	522	5	economics	economic	NOUN
emaj-92	522	6	and	and	CCONJ
emaj-92	522	7	business	business	NOUN
emaj-92	522	8	,	,	PUNCT
emaj-92	522	9	doctoral	doctoral	ADJ
emaj-92	522	10	thesis	thesis	NOUN
emaj-92	522	11	.	.	PUNCT
emaj-92	523	1	horobet	horobet	PROPN
emaj-92	523	2	,	,	PUNCT
emaj-92	523	3	a.	a.	NOUN
emaj-92	523	4	,	,	PUNCT
emaj-92	523	5	and	and	CCONJ
emaj-92	523	6	ilie	ilie	PROPN
emaj-92	523	7	,	,	PUNCT
emaj-92	523	8	l.	l.	PROPN
emaj-92	523	9	2007	2007	NUM
emaj-92	523	10	.	.	PUNCT
emaj-92	524	1	on	on	ADP
emaj-92	524	2	the	the	DET
emaj-92	524	3	dynamic	dynamic	ADJ
emaj-92	524	4	link	link	NOUN
emaj-92	524	5	between	between	ADP
emaj-92	524	6	stock	stock	NOUN
emaj-92	524	7	prices	price	NOUN
emaj-92	524	8	and	and	CCONJ
emaj-92	524	9	exchange	exchange	NOUN
emaj-92	524	10	rates	rate	NOUN
emaj-92	524	11	:	:	PUNCT
emaj-92	524	12	evidence	evidence	NOUN
emaj-92	524	13	from	from	ADP
emaj-92	524	14	romania	romania	PROPN
emaj-92	524	15	.	.	PUNCT
emaj-92	525	1	munich	munich	PROPN
emaj-92	525	2	personal	personal	PROPN
emaj-92	525	3	repec	repec	PROPN
emaj-92	525	4	archive	archive	PROPN
emaj-92	525	5	,	,	PUNCT
emaj-92	525	6	mpra	mpra	PROPN
emaj-92	525	7	paper	paper	PROPN
emaj-92	525	8	no.6429	no.6429	PROPN
emaj-92	525	9	.	.	PUNCT
emaj-92	526	1	horská	horská	NOUN
emaj-92	526	2	,	,	PUNCT
emaj-92	526	3	h.	h.	PROPN
emaj-92	526	4	2005	2005	NUM
emaj-92	526	5	.	.	PUNCT
emaj-92	527	1	český	český	PROPN
emaj-92	527	2	akciový	akciový	PROPN
emaj-92	527	3	trh	trh	PROPN
emaj-92	527	4	–	–	PUNCT
emaj-92	527	5	jeho	jeho	PROPN
emaj-92	527	6	efektivnost	efektivnost	X
emaj-92	527	7	a	a	DET
emaj-92	527	8	makroekonomické	makroekonomické	ADJ
emaj-92	527	9	souvislosti	souvislosti	NOUN
emaj-92	527	10	.	.	PUNCT
emaj-92	528	1	finance	finance	VERB
emaj-92	528	2	a	a	DET
emaj-92	528	3	úvűr	úvűr	NOUN
emaj-92	528	4	.	.	PUNCT
emaj-92	529	1	the	the	DET
emaj-92	529	2	czech	czech	PROPN
emaj-92	529	3	journal	journal	NOUN
emaj-92	529	4	of	of	ADP
emaj-92	529	5	economics	economic	NOUN
emaj-92	529	6	and	and	CCONJ
emaj-92	529	7	finance	finance	NOUN
emaj-92	529	8	.	.	PUNCT
emaj-92	530	1	55(56	55(56	NUM
emaj-92	530	2	):	):	PUNCT
emaj-92	530	3	283–301	283–301	NUM
emaj-92	530	4	.	.	PUNCT
emaj-92	531	1	iwaisako	iwaisako	PROPN
emaj-92	531	2	,	,	PUNCT
emaj-92	531	3	t.	t.	PROPN
emaj-92	531	4	2004	2004	NUM
emaj-92	531	5	.	.	PUNCT
emaj-92	532	1	stock	stock	NOUN
emaj-92	532	2	index	index	NOUN
emaj-92	532	3	autocorrelation	autocorrelation	NOUN
emaj-92	532	4	and	and	CCONJ
emaj-92	532	5	crossautocorrelation	crossautocorrelation	NOUN
emaj-92	532	6	of	of	ADP
emaj-92	532	7	size	size	NOUN
emaj-92	532	8	sorted	sort	VERB
emaj-92	532	9	portfolios	portfolio	NOUN
emaj-92	532	10	in	in	ADP
emaj-92	532	11	the	the	DET
emaj-92	532	12	japanese	japanese	ADJ
emaj-92	532	13	market	market	NOUN
emaj-92	532	14	.	.	PUNCT
emaj-92	533	1	journal	journal	NOUN
emaj-92	533	2	of	of	ADP
emaj-92	533	3	financial	financial	ADJ
emaj-92	533	4	economics	economic	NOUN
emaj-92	533	5	.	.	PUNCT
emaj-92	534	1	3:283–301	3:283–301	NUM
emaj-92	534	2	.	.	PUNCT
emaj-92	535	1	johansen	johansen	PROPN
emaj-92	535	2	,	,	PUNCT
emaj-92	535	3	s.	s.	PROPN
emaj-92	535	4	1988	1988	NUM
emaj-92	535	5	.	.	PUNCT
emaj-92	536	1	statistical	statistical	ADJ
emaj-92	536	2	analysis	analysis	NOUN
emaj-92	536	3	of	of	ADP
emaj-92	536	4	cointegration	cointegration	NOUN
emaj-92	536	5	vectors	vector	NOUN
emaj-92	536	6	.	.	PUNCT
emaj-92	537	1	journal	journal	NOUN
emaj-92	537	2	of	of	ADP
emaj-92	537	3	volume	volume	NOUN
emaj-92	537	4	6	6	NUM
emaj-92	537	5	no	no	DET
emaj-92	537	6	1	1	NUM
emaj-92	537	7	(	(	PUNCT
emaj-92	537	8	2016	2016	NUM
emaj-92	537	9	)	)	PUNCT
emaj-92	537	10	|	|	ADV
emaj-92	537	11	issn	issn	VERB
emaj-92	537	12	2158	2158	NUM
emaj-92	537	13	-	-	SYM
emaj-92	537	14	8708	8708	NUM
emaj-92	537	15	(	(	PUNCT
emaj-92	537	16	online	online	NOUN
emaj-92	537	17	)	)	PUNCT
emaj-92	537	18	|	|	ADV
emaj-92	537	19	doi	doi	X
emaj-92	537	20	10.5195	10.5195	NUM
emaj-92	537	21	/	/	SYM
emaj-92	537	22	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	537	23	|	|	ADV
emaj-92	537	24	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-92	537	25	anita	anita	PROPN
emaj-92	537	26	radman	radman	PROPN
emaj-92	537	27	peša	peša	PROPN
emaj-92	537	28	,	,	PUNCT
emaj-92	537	29	ana	ana	PROPN
emaj-92	537	30	brajković	brajković	NOUN
emaj-92	537	31	emerging	emerge	VERB
emaj-92	537	32	markets	market	NOUN
emaj-92	537	33	journal	journal	NOUN
emaj-92	537	34	|	|	ADV
emaj-92	537	35	p	p	NOUN
emaj-92	537	36	a	a	DET
emaj-92	537	37	g	g	NOUN
emaj-92	537	38	e	e	NOUN
emaj-92	537	39	|15	|15	VERB
emaj-92	537	40	economic	economic	ADJ
emaj-92	537	41	dynamics	dynamic	NOUN
emaj-92	537	42	and	and	CCONJ
emaj-92	537	43	control	control	NOUN
emaj-92	537	44	.	.	PUNCT
emaj-92	538	1	12	12	NUM
emaj-92	538	2	:	:	SYM
emaj-92	538	3	231	231	NUM
emaj-92	538	4	-	-	SYM
emaj-92	538	5	254	254	NUM
emaj-92	538	6	.	.	PUNCT
emaj-92	539	1	kim	kim	PROPN
emaj-92	539	2	,	,	PUNCT
emaj-92	539	3	s.j	s.j	PROPN
emaj-92	539	4	.	.	PROPN
emaj-92	539	5	,	,	PUNCT
emaj-92	539	6	lucey	lucey	PROPN
emaj-92	539	7	,	,	PUNCT
emaj-92	539	8	b.m	b.m	PROPN
emaj-92	539	9	.	.	PROPN
emaj-92	539	10	,	,	PUNCT
emaj-92	539	11	and	and	CCONJ
emaj-92	539	12	wu	wu	PROPN
emaj-92	539	13	,	,	PUNCT
emaj-92	539	14	e.	e.	PROPN
emaj-92	539	15	2005	2005	NUM
emaj-92	539	16	.	.	PUNCT
emaj-92	540	1	dynamics	dynamic	NOUN
emaj-92	540	2	of	of	ADP
emaj-92	540	3	bond	bond	NOUN
emaj-92	540	4	market	market	NOUN
emaj-92	540	5	integration	integration	NOUN
emaj-92	540	6	between	between	ADP
emaj-92	540	7	existing	exist	VERB
emaj-92	540	8	and	and	CCONJ
emaj-92	540	9	accession	accession	NOUN
emaj-92	540	10	eu	eu	PROPN
emaj-92	540	11	countries	country	NOUN
emaj-92	540	12	.	.	PUNCT
emaj-92	541	1	the	the	DET
emaj-92	541	2	institute	institute	NOUN
emaj-92	541	3	for	for	ADP
emaj-92	541	4	international	international	ADJ
emaj-92	541	5	integration	integration	NOUN
emaj-92	541	6	studies	study	NOUN
emaj-92	541	7	discussion	discussion	NOUN
emaj-92	541	8	paper	paper	NOUN
emaj-92	541	9	series	series	NOUN
emaj-92	541	10	.	.	PUNCT
emaj-92	542	1	knif	knif	PROPN
emaj-92	542	2	,	,	PUNCT
emaj-92	542	3	j.	j.	PROPN
emaj-92	542	4	,	,	PUNCT
emaj-92	542	5	kolari	kolari	PROPN
emaj-92	542	6	,	,	PUNCT
emaj-92	542	7	j.	j.	PROPN
emaj-92	542	8	,	,	PUNCT
emaj-92	542	9	and	and	CCONJ
emaj-92	542	10	pynnönen	pynnönen	NOUN
emaj-92	542	11	,	,	PUNCT
emaj-92	542	12	s.	s.	PROPN
emaj-92	542	13	2008	2008	NUM
emaj-92	542	14	.	.	PUNCT
emaj-92	543	1	stock	stock	NOUN
emaj-92	543	2	market	market	NOUN
emaj-92	543	3	reaction	reaction	NOUN
emaj-92	543	4	to	to	ADP
emaj-92	543	5	good	good	ADJ
emaj-92	543	6	and	and	CCONJ
emaj-92	543	7	bad	bad	ADJ
emaj-92	543	8	inflation	inflation	NOUN
emaj-92	543	9	news	news	NOUN
emaj-92	543	10	.	.	PUNCT
emaj-92	544	1	journal	journal	PROPN
emaj-92	544	2	of	of	ADP
emaj-92	544	3	financial	financial	ADJ
emaj-92	544	4	research	research	NOUN
emaj-92	544	5	.	.	PUNCT
emaj-92	545	1	31(2):141–166	31(2):141–166	X
emaj-92	545	2	.	.	PUNCT
emaj-92	546	1	koruga	koruga	PROPN
emaj-92	546	2	,	,	PUNCT
emaj-92	546	3	p.	p.	PROPN
emaj-92	546	4	,	,	PUNCT
emaj-92	546	5	et	et	PROPN
emaj-92	546	6	al	al	PROPN
emaj-92	546	7	.	.	PROPN
emaj-92	546	8	2011	2011	NUM
emaj-92	546	9	.	.	PUNCT
emaj-92	547	1	comparison	comparison	NOUN
emaj-92	547	2	of	of	ADP
emaj-92	547	3	communication	communication	NOUN
emaj-92	547	4	of	of	ADP
emaj-92	547	5	political	political	ADJ
emaj-92	547	6	parties	party	NOUN
emaj-92	547	7	over	over	ADP
emaj-92	547	8	the	the	DET
emaj-92	547	9	internet	internet	NOUN
emaj-92	547	10	in	in	ADP
emaj-92	547	11	slovenia	slovenia	PROPN
emaj-92	547	12	and	and	CCONJ
emaj-92	547	13	croatia	croatia	PROPN
emaj-92	547	14	.	.	PUNCT
emaj-92	548	1	international	international	ADJ
emaj-92	548	2	conference	conference	NOUN
emaj-92	548	3	on	on	ADP
emaj-92	548	4	information	information	NOUN
emaj-92	548	5	society	society	NOUN
emaj-92	548	6	.	.	PUNCT
emaj-92	549	1	latković	latković	PROPN
emaj-92	549	2	,	,	PUNCT
emaj-92	549	3	m.	m.	NOUN
emaj-92	549	4	2002	2002	NUM
emaj-92	549	5	.	.	PUNCT
emaj-92	550	1	risk	risk	NOUN
emaj-92	550	2	management	management	NOUN
emaj-92	550	3	:	:	PUNCT
emaj-92	550	4	identification	identification	NOUN
emaj-92	550	5	,	,	PUNCT
emaj-92	550	6	measurement	measurement	NOUN
emaj-92	550	7	and	and	CCONJ
emaj-92	550	8	control	control	NOUN
emaj-92	550	9	.	.	PUNCT
emaj-92	551	1	finansijska	finansijska	PROPN
emaj-92	551	2	teorija	teorija	NOUN
emaj-92	551	3	i	i	PRON
emaj-92	551	4	praksa	praksa	VERB
emaj-92	551	5	.	.	PUNCT
emaj-92	552	1	26(2	26(2	NUM
emaj-92	552	2	):	):	PUNCT
emaj-92	552	3	463	463	NUM
emaj-92	552	4	-	-	SYM
emaj-92	552	5	477	477	NUM
emaj-92	552	6	.	.	PUNCT
emaj-92	553	1	levaj	levaj	PROPN
emaj-92	553	2	,	,	PUNCT
emaj-92	553	3	l.	l.	PROPN
emaj-92	553	4	,	,	PUNCT
emaj-92	553	5	kamenarić	kamenarić	ADJ
emaj-92	553	6	,	,	PUNCT
emaj-92	553	7	t.	t.	PROPN
emaj-92	553	8	,	,	PUNCT
emaj-92	553	9	mišković	mišković	PROPN
emaj-92	553	10	,	,	PUNCT
emaj-92	553	11	j.	j.	PROPN
emaj-92	553	12	,	,	PUNCT
emaj-92	553	13	and	and	CCONJ
emaj-92	553	14	mokrovčak	mokrovčak	ADJ
emaj-92	553	15	,	,	PUNCT
emaj-92	553	16	i.	i.	NOUN
emaj-92	553	17	2005	2005	NUM
emaj-92	553	18	.	.	PUNCT
emaj-92	554	1	metode	metode	PROPN
emaj-92	554	2	obrade	obrade	PROPN
emaj-92	554	3	signala	signala	PROPN
emaj-92	554	4	u	u	NOUN
emaj-92	554	5	ekonomiji	ekonomiji	NOUN
emaj-92	554	6	.	.	PUNCT
emaj-92	555	1	sveučilište	sveučilište	PROPN
emaj-92	555	2	u	u	PROPN
emaj-92	555	3	zagrebu	zagrebu	PROPN
emaj-92	555	4	,	,	PUNCT
emaj-92	555	5	fakultet	fakultet	NOUN
emaj-92	556	1	elektrotehnike	elektrotehnike	PROPN
emaj-92	557	1	i	i	PRON
emaj-92	557	2	računarstva	računarstva	VERB
emaj-92	557	3	.	.	PUNCT
emaj-92	558	1	maysami	maysami	PROPN
emaj-92	558	2	,	,	PUNCT
emaj-92	558	3	r.	r.	PROPN
emaj-92	558	4	c.	c.	PROPN
emaj-92	558	5	,	,	PUNCT
emaj-92	558	6	howe	howe	PROPN
emaj-92	558	7	,	,	PUNCT
emaj-92	558	8	l.	l.	PROPN
emaj-92	558	9	c.	c.	PROPN
emaj-92	558	10	,	,	PUNCT
emaj-92	558	11	and	and	CCONJ
emaj-92	558	12	hamzah	hamzah	PROPN
emaj-92	558	13	,	,	PUNCT
emaj-92	558	14	m.	m.	NOUN
emaj-92	558	15	a.	a.	PROPN
emaj-92	558	16	2004	2004	PROPN
emaj-92	558	17	.	.	PUNCT
emaj-92	559	1	relationship	relationship	NOUN
emaj-92	559	2	between	between	ADP
emaj-92	559	3	macroeconomic	macroeconomic	ADJ
emaj-92	559	4	variables	variable	NOUN
emaj-92	559	5	and	and	CCONJ
emaj-92	559	6	stock	stock	NOUN
emaj-92	559	7	market	market	NOUN
emaj-92	559	8	indices	index	NOUN
emaj-92	559	9	:	:	PUNCT
emaj-92	559	10	cointegration	cointegration	NOUN
emaj-92	559	11	evidence	evidence	NOUN
emaj-92	559	12	from	from	ADP
emaj-92	559	13	stock	stock	NOUN
emaj-92	559	14	exchange	exchange	PROPN
emaj-92	559	15	of	of	ADP
emaj-92	559	16	singapore	singapore	PROPN
emaj-92	559	17	's	's	PART
emaj-92	559	18	all	all	PRON
emaj-92	559	19	-	-	PUNCT
emaj-92	559	20	s	s	NOUN
emaj-92	559	21	sector	sector	NOUN
emaj-92	559	22	indices	index	NOUN
emaj-92	559	23	.	.	PUNCT
emaj-92	560	1	journal	journal	PROPN
emaj-92	560	2	pengurusan	pengurusan	PROPN
emaj-92	560	3	.	.	PUNCT
emaj-92	561	1	24	24	NUM
emaj-92	561	2	:	:	PUNCT
emaj-92	561	3	47	47	NUM
emaj-92	561	4	-	-	SYM
emaj-92	561	5	77	77	NUM
emaj-92	561	6	.	.	PUNCT
emaj-92	562	1	mohammad	mohammad	PROPN
emaj-92	562	2	,	,	PUNCT
emaj-92	562	3	b.	b.	PROPN
emaj-92	562	4	,	,	PUNCT
emaj-92	562	5	and	and	CCONJ
emaj-92	562	6	abdelhak	abdelhak	PROPN
emaj-92	562	7	,	,	PUNCT
emaj-92	562	8	b.	b.	PROPN
emaj-92	562	9	2009	2009	NUM
emaj-92	562	10	.	.	PUNCT
emaj-92	563	1	the	the	DET
emaj-92	563	2	relationship	relationship	NOUN
emaj-92	563	3	between	between	ADP
emaj-92	563	4	money	money	NOUN
emaj-92	563	5	and	and	CCONJ
emaj-92	563	6	prices	price	NOUN
emaj-92	563	7	in	in	ADP
emaj-92	563	8	the	the	DET
emaj-92	563	9	maghreb	maghreb	PROPN
emaj-92	563	10	countries	country	NOUN
emaj-92	563	11	:	:	PUNCT
emaj-92	563	12	a	a	DET
emaj-92	563	13	cointegration	cointegration	NOUN
emaj-92	563	14	analysis	analysis	NOUN
emaj-92	563	15	.	.	PUNCT
emaj-92	564	1	mpra	mpra	PROPN
emaj-92	564	2	paper	paper	PROPN
emaj-92	564	3	.	.	PUNCT
emaj-92	565	1	no.1274	no.1274	NOUN
emaj-92	565	2	.	.	PUNCT
emaj-92	565	3	muradoglu	muradoglu	PROPN
emaj-92	565	4	,	,	PUNCT
emaj-92	565	5	g.	g.	PROPN
emaj-92	565	6	,	,	PUNCT
emaj-92	565	7	metin	metin	PROPN
emaj-92	565	8	,	,	PUNCT
emaj-92	565	9	k.	k.	PROPN
emaj-92	565	10	,	,	PUNCT
emaj-92	565	11	and	and	CCONJ
emaj-92	565	12	argac	argac	PROPN
emaj-92	565	13	r.	r.	PROPN
emaj-92	565	14	2001	2001	NUM
emaj-92	565	15	.	.	PUNCT
emaj-92	566	1	is	be	AUX
emaj-92	566	2	there	there	PRON
emaj-92	566	3	are	be	VERB
emaj-92	566	4	long	long	ADJ
emaj-92	566	5	run	run	NOUN
emaj-92	566	6	relationship	relationship	NOUN
emaj-92	566	7	between	between	ADP
emaj-92	566	8	stock	stock	NOUN
emaj-92	566	9	return	return	NOUN
emaj-92	566	10	and	and	CCONJ
emaj-92	566	11	monetary	monetary	ADJ
emaj-92	566	12	variables	variable	NOUN
emaj-92	566	13	:	:	PUNCT
emaj-92	566	14	evidence	evidence	NOUN
emaj-92	566	15	from	from	ADP
emaj-92	566	16	emerging	emerge	VERB
emaj-92	566	17	market	market	NOUN
emaj-92	566	18	.	.	PUNCT
emaj-92	567	1	applied	apply	VERB
emaj-92	567	2	financial	financial	ADJ
emaj-92	567	3	economic	economic	ADJ
emaj-92	567	4	.	.	PUNCT
emaj-92	568	1	11	11	NUM
emaj-92	568	2	:	:	SYM
emaj-92	568	3	641	641	NUM
emaj-92	568	4	–	–	PUNCT
emaj-92	568	5	649	649	NUM
emaj-92	568	6	.	.	PUNCT
emaj-92	569	1	onay	onay	PROPN
emaj-92	569	2	,	,	PUNCT
emaj-92	569	3	c.	c.	PROPN
emaj-92	569	4	2007	2007	NUM
emaj-92	569	5	.	.	PUNCT
emaj-92	570	1	integration	integration	NOUN
emaj-92	570	2	of	of	ADP
emaj-92	570	3	bulgaria	bulgaria	PROPN
emaj-92	570	4	and	and	CCONJ
emaj-92	570	5	romania	romania	PROPN
emaj-92	570	6	to	to	ADP
emaj-92	570	7	the	the	DET
emaj-92	570	8	european	european	PROPN
emaj-92	570	9	union	union	PROPN
emaj-92	570	10	.	.	PUNCT
emaj-92	571	1	the	the	DET
emaj-92	571	2	business	business	NOUN
emaj-92	571	3	review	review	NOUN
emaj-92	571	4	.	.	PUNCT
emaj-92	572	1	1	1	NUM
emaj-92	572	2	:	:	SYM
emaj-92	572	3	119	119	NUM
emaj-92	572	4	-	-	SYM
emaj-92	572	5	126	126	NUM
emaj-92	572	6	.	.	PUNCT
emaj-92	573	1	poghossian	poghossian	ADJ
emaj-92	573	2	,	,	PUNCT
emaj-92	573	3	t.	t.	PROPN
emaj-92	573	4	2008	2008	NUM
emaj-92	573	5	.	.	PUNCT
emaj-92	574	1	are	be	AUX
emaj-92	574	2	“	"	PUNCT
emaj-92	574	3	new	new	ADJ
emaj-92	574	4	”	"	PUNCT
emaj-92	574	5	and	and	CCONJ
emaj-92	574	6	“	"	PUNCT
emaj-92	574	7	old	old	ADJ
emaj-92	574	8	”	"	PUNCT
emaj-92	574	9	eu	eu	PROPN
emaj-92	574	10	members	member	NOUN
emaj-92	574	11	becoming	become	VERB
emaj-92	574	12	more	more	ADV
emaj-92	574	13	financially	financially	ADV
emaj-92	574	14	integrated	integrate	VERB
emaj-92	574	15	?	?	PUNCT
emaj-92	575	1	a	a	DET
emaj-92	575	2	threshold	threshold	NOUN
emaj-92	575	3	cointegration	cointegration	NOUN
emaj-92	575	4	analysis	analysis	NOUN
emaj-92	575	5	.	.	PUNCT
emaj-92	576	1	international	international	ADJ
emaj-92	576	2	economics	economic	NOUN
emaj-92	576	3	and	and	CCONJ
emaj-92	576	4	economic	economic	ADJ
emaj-92	576	5	policy	policy	NOUN
emaj-92	576	6	.	.	PUNCT
emaj-92	577	1	6(3	6(3	NUM
emaj-92	577	2	):	):	PUNCT
emaj-92	577	3	259	259	NUM
emaj-92	577	4	–	–	PUNCT
emaj-92	577	5	281	281	NUM
emaj-92	577	6	.	.	PUNCT
emaj-92	578	1	raiffaisen	raiffaisen	NOUN
emaj-92	578	2	research	research	NOUN
emaj-92	578	3	,	,	PUNCT
emaj-92	578	4	2014	2014	NUM
emaj-92	578	5	.	.	PUNCT
emaj-92	579	1	croatia	croatia	PROPN
emaj-92	579	2	country	country	PROPN
emaj-92	579	3	report	report	PROPN
emaj-92	579	4	.	.	PUNCT
emaj-92	580	1	rock	rock	NOUN
emaj-92	580	2	,	,	PUNCT
emaj-92	580	3	m.	m.	NOUN
emaj-92	580	4	t.	t.	PROPN
emaj-92	580	5	,	,	PUNCT
emaj-92	580	6	and	and	CCONJ
emaj-92	580	7	h.	h.	PROPN
emaj-92	580	8	bonnett	bonnett	PROPN
emaj-92	580	9	,	,	PUNCT
emaj-92	580	10	2004	2004	NUM
emaj-92	580	11	.	.	PUNCT
emaj-92	581	1	the	the	DET
emaj-92	581	2	comparative	comparative	ADJ
emaj-92	581	3	politics	politic	NOUN
emaj-92	581	4	of	of	ADP
emaj-92	581	5	corruption	corruption	NOUN
emaj-92	581	6	:	:	PUNCT
emaj-92	581	7	accounting	account	VERB
emaj-92	581	8	for	for	ADP
emaj-92	581	9	the	the	DET
emaj-92	581	10	east	east	ADJ
emaj-92	581	11	asian	asian	ADJ
emaj-92	581	12	paradox	paradox	NOUN
emaj-92	581	13	in	in	ADP
emaj-92	581	14	empirical	empirical	ADJ
emaj-92	581	15	studies	study	NOUN
emaj-92	581	16	of	of	ADP
emaj-92	581	17	corruption	corruption	NOUN
emaj-92	581	18	,	,	PUNCT
emaj-92	581	19	growth	growth	NOUN
emaj-92	581	20	and	and	CCONJ
emaj-92	581	21	investment	investment	NOUN
emaj-92	581	22	.	.	PUNCT
emaj-92	582	1	world	world	NOUN
emaj-92	582	2	development	development	NOUN
emaj-92	582	3	.	.	PUNCT
emaj-92	583	1	32	32	NUM
emaj-92	583	2	(	(	PUNCT
emaj-92	583	3	6	6	NUM
emaj-92	583	4	):	):	PUNCT
emaj-92	583	5	999	999	NUM
emaj-92	583	6	-	-	SYM
emaj-92	583	7	1017	1017	NUM
emaj-92	583	8	.	.	PUNCT
emaj-92	584	1	savva	savva	NOUN
emaj-92	584	2	,	,	PUNCT
emaj-92	584	3	s.c	s.c	PROPN
emaj-92	584	4	.	.	PROPN
emaj-92	584	5	,	,	PUNCT
emaj-92	584	6	and	and	CCONJ
emaj-92	584	7	aslanidis	aslanidi	NOUN
emaj-92	584	8	,	,	PUNCT
emaj-92	584	9	n.	n.	NOUN
emaj-92	584	10	2007	2007	NUM
emaj-92	584	11	.	.	PUNCT
emaj-92	585	1	modelling	model	VERB
emaj-92	585	2	stock	stock	NOUN
emaj-92	585	3	market	market	NOUN
emaj-92	585	4	correlations	correlation	NOUN
emaj-92	585	5	between	between	ADP
emaj-92	585	6	new	new	PROPN
emaj-92	585	7	eu	eu	PROPN
emaj-92	585	8	member	member	NOUN
emaj-92	585	9	states	state	NOUN
emaj-92	585	10	and	and	CCONJ
emaj-92	585	11	the	the	DET
emaj-92	585	12	eurozone	eurozone	NOUN
emaj-92	585	13	.	.	PUNCT
emaj-92	586	1	empirical	empirical	ADJ
emaj-92	586	2	economics	economic	NOUN
emaj-92	586	3	.	.	PUNCT
emaj-92	587	1	39(2	39(2	NUM
emaj-92	587	2	):	):	PUNCT
emaj-92	587	3	337	337	NUM
emaj-92	587	4	-	-	SYM
emaj-92	587	5	351	351	NUM
emaj-92	587	6	.	.	PUNCT
emaj-92	588	1	schnabl	schnabl	NOUN
emaj-92	588	2	,	,	PUNCT
emaj-92	588	3	g.	g.	PROPN
emaj-92	588	4	2004	2004	NUM
emaj-92	588	5	.	.	PUNCT
emaj-92	589	1	de	de	X
emaj-92	589	2	jure	jure	NOUN
emaj-92	589	3	versus	versus	ADP
emaj-92	589	4	de	de	X
emaj-92	589	5	facto	facto	X
emaj-92	589	6	exchange	exchange	NOUN
emaj-92	589	7	rate	rate	NOUN
emaj-92	589	8	stabilization	stabilization	NOUN
emaj-92	589	9	in	in	ADP
emaj-92	589	10	central	central	ADJ
emaj-92	589	11	and	and	CCONJ
emaj-92	589	12	eastern	eastern	ADJ
emaj-92	589	13	europe	europe	PROPN
emaj-92	589	14	.	.	PUNCT
emaj-92	590	1	aussenwirtschaft	aussenwirtschaft	NOUN
emaj-92	590	2	.	.	PUNCT
emaj-92	591	1	59(2	59(2	NUM
emaj-92	591	2	):	):	PUNCT
emaj-92	591	3	171–90	171–90	NUM
emaj-92	591	4	.	.	PUNCT
emaj-92	592	1	sniedovich	sniedovich	NOUN
emaj-92	592	2	,	,	PUNCT
emaj-92	592	3	m.	m.	NOUN
emaj-92	592	4	2012	2012	NUM
emaj-92	592	5	.	.	PUNCT
emaj-92	593	1	black	black	ADJ
emaj-92	593	2	swans	swan	NOUN
emaj-92	593	3	,	,	PUNCT
emaj-92	593	4	new	new	ADJ
emaj-92	593	5	nostradamuses	nostradamus	NOUN
emaj-92	593	6	,	,	PUNCT
emaj-92	593	7	voodoo	voodoo	ADJ
emaj-92	593	8	decision	decision	NOUN
emaj-92	593	9	theories	theory	NOUN
emaj-92	593	10	,	,	PUNCT
emaj-92	593	11	and	and	CCONJ
emaj-92	593	12	the	the	DET
emaj-92	593	13	science	science	NOUN
emaj-92	593	14	of	of	ADP
emaj-92	593	15	decision	decision	NOUN
emaj-92	593	16	making	making	NOUN
emaj-92	593	17	in	in	ADP
emaj-92	593	18	the	the	DET
emaj-92	593	19	face	face	NOUN
emaj-92	593	20	of	of	ADP
emaj-92	593	21	severe	severe	ADJ
emaj-92	593	22	uncertainty	uncertainty	NOUN
emaj-92	593	23	.	.	PUNCT
emaj-92	594	1	international	international	ADJ
emaj-92	594	2	transactions	transaction	NOUN
emaj-92	594	3	in	in	ADP
emaj-92	594	4	operational	operational	ADJ
emaj-92	594	5	research	research	NOUN
emaj-92	594	6	.	.	PUNCT
emaj-92	595	1	19(1	19(1	NUM
emaj-92	595	2	-	-	SYM
emaj-92	595	3	2	2	NUM
emaj-92	595	4	):	):	PUNCT
emaj-92	595	5	253281	253281	NUM
emaj-92	595	6	.	.	PUNCT
emaj-92	596	1	syllignakis	syllignaki	NOUN
emaj-92	596	2	,	,	PUNCT
emaj-92	596	3	m.	m.	NOUN
emaj-92	596	4	,	,	PUNCT
emaj-92	596	5	and	and	CCONJ
emaj-92	596	6	kouretas	kouretas	PROPN
emaj-92	596	7	,	,	PUNCT
emaj-92	596	8	g.	g.	PROPN
emaj-92	596	9	2006	2006	NUM
emaj-92	596	10	.	.	PUNCT
emaj-92	597	1	long	long	ADJ
emaj-92	597	2	and	and	CCONJ
emaj-92	597	3	short	short	ADJ
emaj-92	597	4	-	-	PUNCT
emaj-92	597	5	run	run	NOUN
emaj-92	597	6	linkages	linkage	NOUN
emaj-92	597	7	in	in	ADP
emaj-92	597	8	cee	cee	NOUN
emaj-92	597	9	stock	stock	NOUN
emaj-92	597	10	markets	market	NOUN
emaj-92	597	11	:	:	PUNCT
emaj-92	597	12	implications	implication	NOUN
emaj-92	597	13	for	for	ADP
emaj-92	597	14	portfolio	portfolio	NOUN
emaj-92	597	15	diversification	diversification	NOUN
emaj-92	597	16	and	and	CCONJ
emaj-92	597	17	stock	stock	NOUN
emaj-92	597	18	market	market	NOUN
emaj-92	597	19	integration	integration	NOUN
emaj-92	597	20	.	.	PUNCT
emaj-92	598	1	william	william	PROPN
emaj-92	598	2	davidson	davidson	PROPN
emaj-92	598	3	institute	institute	PROPN
emaj-92	598	4	working	working	PROPN
emaj-92	598	5	papers	paper	NOUN
emaj-92	598	6	series	series	NOUN
emaj-92	598	7	.	.	PUNCT
emaj-92	599	1	no.832	no.832	PROPN
emaj-92	599	2	.	.	PROPN
emaj-92	599	3	stiftung	stiftung	PROPN
emaj-92	599	4	,	,	PUNCT
emaj-92	599	5	bti	bti	PROPN
emaj-92	599	6	2014	2014	NUM
emaj-92	599	7	croatia	croatia	PROPN
emaj-92	599	8	country	country	NOUN
emaj-92	599	9	report	report	NOUN
emaj-92	599	10	.	.	PUNCT
emaj-92	600	1	taleb	taleb	NOUN
emaj-92	600	2	,	,	PUNCT
emaj-92	600	3	n.	n.	PROPN
emaj-92	600	4	n.	n.	PROPN
emaj-92	600	5	2004	2004	NUM
emaj-92	600	6	.	.	PUNCT
emaj-92	601	1	few	few	ADJ
emaj-92	601	2	and	and	CCONJ
emaj-92	601	3	far	far	ADV
emaj-92	601	4	between	between	ADP
emaj-92	601	5	:	:	PUNCT
emaj-92	601	6	black	black	ADJ
emaj-92	601	7	swans	swan	NOUN
emaj-92	601	8	and	and	CCONJ
emaj-92	601	9	the	the	DET
emaj-92	601	10	impossibility	impossibility	NOUN
emaj-92	601	11	of	of	ADP
emaj-92	601	12	prediction	prediction	NOUN
emaj-92	601	13	.	.	PUNCT
emaj-92	602	1	change	change	VERB
emaj-92	602	2	this	this	PRON
emaj-92	602	3	.	.	PUNCT
emaj-92	603	1	33(4	33(4	NUM
emaj-92	603	2	):	):	PUNCT
emaj-92	603	3	1	1	NUM
emaj-92	603	4	-	-	SYM
emaj-92	603	5	16	16	NUM
emaj-92	603	6	.	.	PUNCT
emaj-92	604	1	taleb	taleb	NOUN
emaj-92	604	2	,	,	PUNCT
emaj-92	604	3	n.	n.	PROPN
emaj-92	604	4	n.	n.	PROPN
emaj-92	604	5	2003	2003	NUM
emaj-92	604	6	.	.	PUNCT
emaj-92	605	1	the	the	DET
emaj-92	605	2	black	black	ADJ
emaj-92	605	3	swan	swan	NOUN
emaj-92	605	4	:	:	PUNCT
emaj-92	605	5	why	why	SCONJ
emaj-92	605	6	do	do	AUX
emaj-92	605	7	n’t	not	PART
emaj-92	605	8	we	we	PRON
emaj-92	605	9	learn	learn	VERB
emaj-92	605	10	that	that	SCONJ
emaj-92	605	11	we	we	PRON
emaj-92	605	12	do	do	AUX
emaj-92	605	13	n’t	not	PART
emaj-92	605	14	learn	learn	VERB
emaj-92	605	15	?	?	PUNCT
emaj-92	606	1	highland	highland	PROPN
emaj-92	606	2	forum	forum	PROPN
emaj-92	606	3	.	.	PUNCT
emaj-92	607	1	taleb	taleb	PROPN
emaj-92	607	2	,	,	PUNCT
emaj-92	607	3	n.	n.	PROPN
emaj-92	607	4	n.	n.	PROPN
emaj-92	607	5	2007	2007	NUM
emaj-92	607	6	.	.	PUNCT
emaj-92	608	1	the	the	DET
emaj-92	608	2	black	black	ADJ
emaj-92	608	3	swan	swan	NOUN
emaj-92	608	4	:	:	PUNCT
emaj-92	608	5	the	the	DET
emaj-92	608	6	impact	impact	NOUN
emaj-92	608	7	of	of	ADP
emaj-92	608	8	the	the	DET
emaj-92	608	9	highly	highly	ADV
emaj-92	608	10	improbable	improbable	ADJ
emaj-92	608	11	.	.	PUNCT
emaj-92	608	12	get	get	VERB
emaj-92	608	13	abstract	abstract	ADJ
emaj-92	608	14	the	the	DET
emaj-92	608	15	random	random	ADJ
emaj-92	608	16	house	house	NOUN
emaj-92	608	17	publishing	publishing	NOUN
emaj-92	608	18	group	group	PROPN
emaj-92	608	19	,	,	PUNCT
emaj-92	608	20	inc	inc	PROPN
emaj-92	608	21	.	.	PROPN
emaj-92	608	22	taleb	taleb	PROPN
emaj-92	608	23	,	,	PUNCT
emaj-92	608	24	n.	n.	PROPN
emaj-92	608	25	n.	n.	PROPN
emaj-92	608	26	2009	2009	NUM
emaj-92	608	27	.	.	PUNCT
emaj-92	609	1	crni	crni	PROPN
emaj-92	609	2	labud	labud	PROPN
emaj-92	609	3	:	:	PUNCT
emaj-92	609	4	utjecaj	utjecaj	NOUN
emaj-92	609	5	krajnje	krajnje	VERB
emaj-92	609	6	nevjerojatnog	nevjerojatnog	PROPN
emaj-92	609	7	.	.	PUNCT
emaj-92	610	1	zagreb	zagreb	PROPN
emaj-92	610	2	,	,	PUNCT
emaj-92	610	3	jesenski	jesenski	PROPN
emaj-92	610	4	i	i	PRON
emaj-92	610	5	turk	turk	PROPN
emaj-92	610	6	.	.	PUNCT
emaj-92	611	1	the	the	DET
emaj-92	611	2	miroslav	miroslav	PROPN
emaj-92	611	3	krleža	krleža	PROPN
emaj-92	611	4	institue	institue	NOUN
emaj-92	611	5	of	of	ADP
emaj-92	611	6	lexicography	lexicography	NOUN
emaj-92	611	7	.	.	PUNCT
emaj-92	612	1	2013	2013	NUM
emaj-92	612	2	.	.	PUNCT
emaj-92	613	1	croatia	croatia	PROPN
emaj-92	613	2	–	–	PUNCT
emaj-92	613	3	land	land	NOUN
emaj-92	613	4	and	and	CCONJ
emaj-92	613	5	people	people	NOUN
emaj-92	613	6	.	.	PUNCT
emaj-92	614	1	volume	volume	NOUN
emaj-92	614	2	6	6	NUM
emaj-92	615	1	no	no	PRON
emaj-92	615	2	1	1	NUM
emaj-92	615	3	(	(	PUNCT
emaj-92	615	4	2016	2016	NUM
emaj-92	615	5	)	)	PUNCT
emaj-92	616	1	|	|	ADV
emaj-92	616	2	issn	issn	VERB
emaj-92	616	3	2158	2158	NUM
emaj-92	616	4	-	-	SYM
emaj-92	616	5	8708	8708	NUM
emaj-92	616	6	(	(	PUNCT
emaj-92	616	7	online	online	NOUN
emaj-92	616	8	)	)	PUNCT
emaj-92	616	9	|	|	ADV
emaj-92	616	10	doi	doi	X
emaj-92	616	11	10.5195	10.5195	NUM
emaj-92	616	12	/	/	SYM
emaj-92	616	13	emaj.2016.92	emaj.2016.92	NOUN
emaj-92	616	14	|	|	ADV
emaj-92	616	15	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-92	616	16	testing	test	VERB
emaj-92	616	17	the	the	DET
emaj-92	616	18	‘	'	PUNCT
emaj-92	616	19	black	black	ADJ
emaj-92	616	20	swan	swan	NOUN
emaj-92	616	21	effect	effect	NOUN
emaj-92	616	22	’	'	PUNCT
emaj-92	616	23	on	on	ADP
emaj-92	616	24	croatian	croatian	ADJ
emaj-92	616	25	stock	stock	NOUN
emaj-92	616	26	market	market	NOUN
emaj-92	616	27	between	between	ADP
emaj-92	616	28	2000	2000	NUM
emaj-92	616	29	and	and	CCONJ
emaj-92	616	30	2013	2013	NUM
emaj-92	616	31	page	page	NOUN
emaj-92	616	32	|16|	|16|	VERB
emaj-92	616	33	emerging	emerge	VERB
emaj-92	616	34	markets	market	NOUN
emaj-92	616	35	journal	journal	NOUN
emaj-92	616	36	vizek	vizek	NOUN
emaj-92	616	37	,	,	PUNCT
emaj-92	616	38	m.	m.	NOUN
emaj-92	616	39	and	and	CCONJ
emaj-92	616	40	dadić	dadić	NOUN
emaj-92	616	41	,	,	PUNCT
emaj-92	616	42	t.	t.	PROPN
emaj-92	616	43	2006	2006	NUM
emaj-92	616	44	.	.	PUNCT
emaj-92	617	1	integration	integration	NOUN
emaj-92	617	2	of	of	ADP
emaj-92	617	3	croatian	croatian	PROPN
emaj-92	617	4	,	,	PUNCT
emaj-92	617	5	cee	cee	PROPN
emaj-92	617	6	and	and	CCONJ
emaj-92	617	7	eu	eu	PROPN
emaj-92	617	8	equity	equity	NOUN
emaj-92	617	9	markets	market	NOUN
emaj-92	617	10	:	:	PUNCT
emaj-92	617	11	cointegration	cointegration	NOUN
emaj-92	617	12	approach	approach	NOUN
emaj-92	617	13	.	.	PUNCT
emaj-92	618	1	ekonomski	ekonomski	PROPN
emaj-92	618	2	pregled	pregle	VERB
emaj-92	618	3	.	.	PUNCT
emaj-92	619	1	57	57	NUM
emaj-92	619	2	(	(	PUNCT
emaj-92	619	3	9	9	NUM
emaj-92	619	4	-	-	SYM
emaj-92	619	5	10	10	NUM
emaj-92	619	6	):	):	PUNCT
emaj-92	619	7	631	631	NUM
emaj-92	619	8	-	-	SYM
emaj-92	619	9	646	646	NUM
emaj-92	619	10	.	.	PUNCT
emaj-92	620	1	yau	yau	PROPN
emaj-92	620	2	,	,	PUNCT
emaj-92	620	3	h.y	h.y	PROPN
emaj-92	620	4	.	.	PROPN
emaj-92	620	5	,	,	PUNCT
emaj-92	620	6	and	and	CCONJ
emaj-92	620	7	nieh	nieh	PROPN
emaj-92	620	8	,	,	PUNCT
emaj-92	620	9	ch	ch	NOUN
emaj-92	620	10	.	.	PROPN
emaj-92	620	11	2006	2006	NUM
emaj-92	620	12	.	.	PUNCT
emaj-92	621	1	interrelationships	interrelationship	NOUN
emaj-92	621	2	among	among	ADP
emaj-92	621	3	stock	stock	NOUN
emaj-92	621	4	prices	price	NOUN
emaj-92	621	5	of	of	ADP
emaj-92	621	6	taiwan	taiwan	PROPN
emaj-92	621	7	and	and	CCONJ
emaj-92	621	8	japan	japan	PROPN
emaj-92	621	9	and	and	CCONJ
emaj-92	621	10	ntd	ntd	PROPN
emaj-92	621	11	/	/	SYM
emaj-92	621	12	yen	yen	NOUN
emaj-92	621	13	exchange	exchange	NOUN
emaj-92	621	14	rate	rate	NOUN
emaj-92	621	15	.	.	PUNCT
emaj-92	622	1	journal	journal	NOUN
emaj-92	622	2	of	of	ADP
emaj-92	622	3	asian	asian	ADJ
emaj-92	622	4	economics	economic	NOUN
emaj-92	622	5	.	.	PUNCT
emaj-92	623	1	17	17	NUM
emaj-92	623	2	:	:	PUNCT
emaj-92	624	1	535–552	535–552	NUM
emaj-92	624	2	.	.	PUNCT
emaj-92	624	3	žiković	žiković	PROPN
emaj-92	624	4	,	,	PUNCT
emaj-92	624	5	s.	s.	PROPN
emaj-92	624	6	2006	2006	NUM
emaj-92	624	7	.	.	PUNCT
emaj-92	625	1	implications	implication	NOUN
emaj-92	625	2	of	of	ADP
emaj-92	625	3	measuring	measure	VERB
emaj-92	625	4	var	var	NOUN
emaj-92	625	5	using	use	VERB
emaj-92	625	6	historical	historical	ADJ
emaj-92	625	7	simulation	simulation	NOUN
emaj-92	625	8	;	;	PUNCT
emaj-92	625	9	an	an	DET
emaj-92	625	10	example	example	NOUN
emaj-92	625	11	of	of	ADP
emaj-92	625	12	zagreb	zagreb	PROPN
emaj-92	625	13	stock	stock	PROPN
emaj-92	625	14	exchange	exchange	PROPN
emaj-92	625	15	index	index	NOUN
emaj-92	625	16	–	–	PUNCT
emaj-92	625	17	crobex	crobex	NOUN
emaj-92	625	18	in	in	ADP
emaj-92	625	19	j.	j.	PROPN
emaj-92	625	20	roufagalas	roufagalas	PROPN
emaj-92	625	21	(	(	PUNCT
emaj-92	625	22	ed	ed	NOUN
emaj-92	625	23	.	.	PUNCT
emaj-92	625	24	)	)	PUNCT
emaj-92	625	25	,	,	PUNCT
emaj-92	625	26	resource	resource	NOUN
emaj-92	625	27	allocation	allocation	NOUN
emaj-92	625	28	and	and	CCONJ
emaj-92	625	29	institutions	institution	NOUN
emaj-92	625	30	:	:	PUNCT
emaj-92	625	31	explorations	exploration	NOUN
emaj-92	625	32	in	in	ADP
emaj-92	625	33	economics	economic	NOUN
emaj-92	625	34	,	,	PUNCT
emaj-92	625	35	finance	finance	NOUN
emaj-92	625	36	and	and	CCONJ
emaj-92	625	37	law	law	NOUN
emaj-92	625	38	.	.	PUNCT
emaj-92	626	1	367	367	NUM
emaj-92	626	2	-	-	SYM
emaj-92	626	3	389	389	NUM
emaj-92	626	4	.	.	PUNCT
emaj-92	627	1	appendix	appendix	VERB
emaj-92	627	2	appendix	appendix	ADJ
emaj-92	627	3	a.	a.	NOUN
emaj-92	627	4	correlation	correlation	NOUN
emaj-92	627	5	of	of	ADP
emaj-92	627	6	the	the	DET
emaj-92	627	7	explanatory	explanatory	ADJ
emaj-92	627	8	variables	variable	NOUN
emaj-92	627	9	(	(	PUNCT
emaj-92	627	10	sample	sample	NOUN
emaj-92	627	11	:	:	PUNCT
emaj-92	627	12	2000:1	2000:1	NUM
emaj-92	627	13	2013:12	2013:12	NUM
emaj-92	627	14	)	)	PUNCT
emaj-92	627	15	cap	cap	NOUN
emaj-92	627	16	exr	exr	PROPN
emaj-92	627	17	int	int	PROPN
emaj-92	627	18	cpi	cpi	PROPN
emaj-92	627	19	une	une	PROPN
emaj-92	627	20	npl	npl	PROPN
emaj-92	627	21	cap	cap	PROPN
emaj-92	627	22	1.0000	1.0000	NUM
emaj-92	627	23	00	00	NUM
emaj-92	627	24	0.5466	0.5466	NUM
emaj-92	627	25	84	84	NUM
emaj-92	627	26	0.3926	0.3926	NUM
emaj-92	627	27	89	89	NUM
emaj-92	627	28	0.4550	0.4550	NUM
emaj-92	627	29	45	45	NUM
emaj-92	627	30	0.2338	0.2338	NUM
emaj-92	627	31	12	12	NUM
emaj-92	627	32	0.7287	0.7287	NUM
emaj-92	627	33	17	17	NUM
emaj-92	627	34	exr	exr	PROPN
emaj-92	627	35	0.5466	0.5466	NUM
emaj-92	627	36	84	84	NUM
emaj-92	627	37	1.0000	1.0000	NUM
emaj-92	627	38	00	00	NUM
emaj-92	627	39	0.0633	0.0633	NUM
emaj-92	627	40	56	56	NUM
emaj-92	627	41	0.3202	0.3202	NUM
emaj-92	627	42	44	44	NUM
emaj-92	627	43	0.7644	0.7644	NUM
emaj-92	627	44	08	08	NUM
emaj-92	627	45	0.4119	0.4119	NUM
emaj-92	627	46	68	68	NUM
emaj-92	627	47	int	int	NOUN
emaj-92	627	48	0.3926	0.3926	NUM
emaj-92	627	49	89	89	NUM
emaj-92	627	50	0.0633	0.0633	NUM
emaj-92	627	51	56	56	NUM
emaj-92	627	52	1.0000	1.0000	NUM
emaj-92	627	53	00	00	NUM
emaj-92	628	1	0.5889	0.5889	NUM
emaj-92	628	2	58	58	NUM
emaj-92	628	3	0.0940	0.0940	NUM
emaj-92	628	4	77	77	NUM
emaj-92	628	5	0.3122	0.3122	NUM
emaj-92	628	6	74	74	NUM
emaj-92	628	7	cpi	cpi	NOUN
emaj-92	628	8	0.4550	0.4550	NUM
emaj-92	628	9	45	45	NUM
emaj-92	628	10	0.3202	0.3202	NUM
emaj-92	628	11	44	44	NUM
emaj-92	628	12	0.5889	0.5889	NUM
emaj-92	628	13	58	58	NUM
emaj-92	628	14	1.0000	1.0000	NUM
emaj-92	628	15	00	00	NUM
emaj-92	628	16	0.2260	0.2260	NUM
emaj-92	628	17	00	00	NUM
emaj-92	629	1	0.1845	0.1845	NUM
emaj-92	629	2	20	20	NUM
emaj-92	629	3	une	une	PROPN
emaj-92	629	4	0.2338	0.2338	NUM
emaj-92	629	5	12	12	NUM
emaj-92	629	6	0.7644	0.7644	NUM
emaj-92	629	7	08	08	NUM
emaj-92	629	8	0.0940	0.0940	NUM
emaj-92	629	9	77	77	NUM
emaj-92	629	10	0.2260	0.2260	NUM
emaj-92	629	11	00	00	NUM
emaj-92	630	1	1.0000	1.0000	NUM
emaj-92	630	2	00	00	NUM
emaj-92	630	3	0.0018	0.0018	NUM
emaj-92	630	4	87	87	NUM
emaj-92	630	5	npl	npl	PROPN
emaj-92	630	6	0.7287	0.7287	NUM
emaj-92	630	7	17	17	NUM
emaj-92	630	8	0.4119	0.4119	NUM
emaj-92	630	9	68	68	NUM
emaj-92	630	10	0.3122	0.3122	NUM
emaj-92	630	11	74	74	NUM
emaj-92	630	12	0.1845	0.1845	NUM
emaj-92	630	13	20	20	NUM
emaj-92	630	14	0.0018	0.0018	NUM
emaj-92	630	15	87	87	NUM
emaj-92	630	16	1.0000	1.0000	NUM
emaj-92	630	17	00	00	NUM
emaj-92	630	18	symbols	symbol	NOUN
emaj-92	630	19	:	:	PUNCT
emaj-92	630	20	cap	cap	NOUN
emaj-92	630	21	:	:	PUNCT
emaj-92	630	22	capital	capital	NOUN
emaj-92	630	23	inflow	inflow	NOUN
emaj-92	630	24	expressed	express	VERB
emaj-92	630	25	in	in	ADP
emaj-92	630	26	percentage	percentage	NOUN
emaj-92	630	27	of	of	ADP
emaj-92	630	28	gdp	gdp	NOUN
emaj-92	630	29	;	;	PUNCT
emaj-92	630	30	exr	exr	PROPN
emaj-92	630	31	:	:	PUNCT
emaj-92	630	32	exchange	exchange	NOUN
emaj-92	630	33	rate	rate	NOUN
emaj-92	630	34	expressed	express	VERB
emaj-92	630	35	as	as	ADP
emaj-92	630	36	the	the	DET
emaj-92	630	37	price	price	NOUN
emaj-92	630	38	of	of	ADP
emaj-92	630	39	one	one	NUM
emaj-92	630	40	unit	unit	NOUN
emaj-92	630	41	of	of	ADP
emaj-92	630	42	foreign	foreign	ADJ
emaj-92	630	43	currency	currency	NOUN
emaj-92	630	44	in	in	ADP
emaj-92	630	45	units	unit	NOUN
emaj-92	630	46	of	of	ADP
emaj-92	630	47	domestic	domestic	ADJ
emaj-92	630	48	currency	currency	NOUN
emaj-92	630	49	;	;	PUNCT
emaj-92	630	50	int	int	NOUN
emaj-92	630	51	interest	interest	NOUN
emaj-92	630	52	rate	rate	PROPN
emaj-92	630	53	p.a	p.a	PROPN
emaj-92	630	54	.	.	PROPN
emaj-92	630	55	;	;	PUNCT
emaj-92	630	56	cpi	cpi	PROPN
emaj-92	630	57	:	:	PUNCT
emaj-92	630	58	consumer	consumer	NOUN
emaj-92	630	59	price	price	NOUN
emaj-92	630	60	index	index	NOUN
emaj-92	630	61	(	(	PUNCT
emaj-92	630	62	in	in	ADP
emaj-92	630	63	bnp	bnp	PROPN
emaj-92	630	64	of	of	ADP
emaj-92	630	65	domestic	domestic	ADJ
emaj-92	630	66	currency	currency	NOUN
emaj-92	630	67	deflated	deflate	VERB
emaj-92	630	68	by	by	ADP
emaj-92	630	69	gdp	gdp	PROPN
emaj-92	630	70	deflator	deflator	PROPN
emaj-92	630	71	)	)	PUNCT
emaj-92	630	72	;	;	PUNCT
emaj-92	630	73	une	une	PROPN
emaj-92	630	74	:	:	PUNCT
emaj-92	630	75	unemployment	unemployment	NOUN
emaj-92	630	76	expressed	express	VERB
emaj-92	630	77	in	in	ADP
emaj-92	630	78	percentage	percentage	NOUN
emaj-92	630	79	of	of	ADP
emaj-92	630	80	the	the	DET
emaj-92	630	81	total	total	ADJ
emaj-92	630	82	labour	labour	ADJ
emaj-92	630	83	force	force	NOUN
emaj-92	630	84	,	,	PUNCT
emaj-92	630	85	npl	npl	INTJ
emaj-92	630	86	:	:	PUNCT
emaj-92	630	87	non	non	ADJ
emaj-92	630	88	-	-	ADJ
emaj-92	630	89	performing	performing	ADJ
emaj-92	630	90	loan	loan	NOUN
emaj-92	630	91	(	(	PUNCT
emaj-92	630	92	loan	loan	NOUN
emaj-92	630	93	share	share	NOUN
emaj-92	630	94	of	of	ADP
emaj-92	630	95	all	all	DET
emaj-92	630	96	nominal	nominal	ADJ
emaj-92	630	97	loans	loan	NOUN
emaj-92	630	98	that	that	PRON
emaj-92	630	99	are	be	AUX
emaj-92	630	100	at	at	ADV
emaj-92	630	101	least	least	ADV
emaj-92	630	102	90	90	NUM
emaj-92	630	103	days	day	NOUN
emaj-92	630	104	overdue	overdue	ADJ
emaj-92	630	105	)	)	PUNCT
emaj-92	630	106	appendix	appendix	VERB
emaj-92	630	107	b.	b.	PROPN
emaj-92	630	108	serial	serial	ADJ
emaj-92	630	109	correlation	correlation	NOUN
emaj-92	630	110	(	(	PUNCT
emaj-92	630	111	sample	sample	NOUN
emaj-92	630	112	:	:	PUNCT
emaj-92	630	113	2000:1	2000:1	NUM
emaj-92	630	114	2013:12	2013:12	NUM
emaj-92	630	115	)	)	PUNCT