This research addresses the impact of individual investors on the cryptocurrency market, focusing specifically on the development of herd behavior. Although the phenomenon of herd behavior has been studied extensively in the stock market, it has received limited research in the context of cryptocurrencies. This study aims to fill this research gap by examining the impact of liquidity and sentiment on herd behavior using the CSAD model, considering small, medium, and large cryptocurrencies. The results show different outcomes for cryptocurrencies of different sizes, consistently demonstrating that the herding effect is more pronounced under conditions of lower liquidity, as determined by the turnover volume and liquidity ratio of cryptocurrencies. Proxy measures such as the Twitter Hedonometer and CBOE VIX were used to measure investor sentiment and show the prevalence of herding behavior in optimistic times for all cryptocurrencies, regardless of their market capitalization. Consequently, this study provides valuable insights into the manifestation of herd behavior in the cryptocurrency market and highlights the importance of liquidity and sentiment as influencing factors. These findings improve our understanding of investor behavior and provide guidance to market participants and policymakers on how to effectively manage the risks associated with herd effects.

Purpose - The paper summarizes the theoretical and empirical knowledge on the use and transactions of cryptocurrencies in tourism and examines the use of cryptocurrencies as a means of payment in Croatian tourism. Methodology/Design/Approach – The empirical research examines the attitudes and opinions of tourists in Croatian tourism regarding their willingness to pay with cryptocurrencies while travelling. Findings - The research results show a low level of payment for tourism services with cryptocurrencies in the Republic of Croatia, but a fairly open acceptance of cryptocurrencies as a means of payment for tourism services. The study found no correlation between the profile of respondents and the motivation to pay with cryptocurrencies. However, a correlation was found between the age of the respondents and the intention to pay, but there were no statistically significant differences in the intention to pay according to the age group of the respondents. No correlation was also found between motivation and intention to pay with cryptocurrencies. Originality of the research – The study can serve as a basis for further research on the use of cryptocurrencies in tourism. It helps to expand knowledge about the motivation and intention to use cryptocurrencies on a tourism trip and to understand tourists’ behavior.

Tourism is one of the leading economic sectors of our time. The Tourism Investment report by fDi Intelligence of the Financial Times shows the link between foreign direct investment in tourism as a driver of job creation and economic growth worldwide. In an increasingly interconnected global economy, foreign direct investments (FDI) play a pivotal role in shaping the growth trajectory of various sectors. One such sector that has witnessed a substantial impact from FDI is tourism, a thriving industry that not only con­tributes significantly to a nation’s GDP but also plays a pivotal role in job cre­ation. This article delves into the symbiotic relationship between foreign di­rect investments in tourism and the generation of employment opportuni­ties, shedding light on the mutual benefits that arise when nations open their doors to international investors. It also explores the significance of foreign di­rect investments in tourism, examining the positive effects on economic de­velopment, job creation, and the overall sustainability of the sector.

Hrvatska je 1. srpnja 2013. godine postala članica Europske unije te se time ujedno i obvezala uvesti euro kao nacionalnu valutu čim na to bude spremna. Kada se makroekonomska situacija Hrvatske počela razvijati u pozitivnom trendu, nastupio je ulazak u Europski Tečajni Mehanizam (ERM II) 10. srpnja 2020., svojevrsnu čekaonicu za euro koja priprema državu za veliku promjenu. Iako je Hrvatska duboko euroizirana zemlja, čekaju je mjeseci prilagodbe na euro u smislu prilagođavanja cijena, informacijsko-komunikacijskih kanala te sprečavanje mogućih kriza i šokova koji mogu pogoditi ekonomiju zemlje prilikom konverzije. Da bi se šokovi minimizirali, nastoje se ispuniti Maastrichtski kriteriji. Navedene su sve moguće pozitivne, ali i negativne posljedice koje se mogu očekivati te je kroz anketu o percepciji građana prikaza¬na njihova razina informiranosti o prelasku na euro, ali i strahovi poput povećanja cijena, inflacije, gubitka nacionalnog suvereniteta, kao i pozitivnih posljedica koje će se odražavati na turizam.

The research was conducted to examine the knowledge and attitude of young people towards credit. The total sample of respondents...