Franklin

Republic of Croatia [electronic resource] : Selected Issues Paper.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2011.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 11/160.
IMF Staff Country Reports; Country Report No. 11/160
Format/Description:
Government document
Book
1 online resource (16 p.)
Local subjects:
Banking sector.
Central bank.
Corporate sector.
Currency debt.
Currency risk.
Currency risks.
Current account.
Current account deficits.
Debt management.
Debt management strategy.
Debt service.
Debt service payments.
Debt stock.
Debt sustainability.
Direct investment.
Domestic absorption.
Domestic currency.
Domestic financing.
Domestic public debt.
External debt.
External debt stock.
External financing.
External indebtedness.
External liabilities.
Fdi.
Foreign assets.
Foreign banks.
Foreign currencies.
Foreign currency.
Foreign direct investment.
Foreign exchange.
Foreign exchange reserves.
Foreign liabilities.
Foreign-currency debt.
International investment.
Long-term debt.
Net external debt.
Public debt.
Public debt management.
Public sector debt.
Public sector indebtedness.
Reserve accumulation.
Reserve assets.
Selected issues.
Short-term debt.
Croatia.
Summary:
Croatia’s economic vulnerability is discussed in this study. Using the balance sheet approach (BSA), this paper analyzes Croatia’s overall and sectoral vulnerabilities. Croatia’s financial sector balance sheet is exposed to liquidity, contagion, and currency risks. With strong pre-crisis prudential policies and parent banks’ willingness to keep or even increase exposures, the economy’s capacity to tackle another major macroeconomic or financial shock is limited. Given the stable exchange rate policy, a consistent set of structural, fiscal, monetary, and prudential policies are needed for sustained growth and reduced vulnerabilities.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1455293695:
9781455293698
ISSN:
1934-7685
Publisher Number:
10.5089/9781455293698.002
Access Restriction:
Restricted for use by site license.
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