Republic of Croatia: Selected Issues

February 27, 2007

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Republic of Croatia: Selected Issues, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This Selected Issues paper highlights key policy challenges for accelerating growth on a sustainable basis and reducing external and financial vulnerabilities in the Republic of Croatia. A significant reduction in public expenditure would be needed to simultaneously provide room for cutting taxes, boost growth, and lower the budget deficit to help narrow the current account deficit. The analysis finds that Croatian banks are not necessarily passing on the higher risk of foreign exchange-linked loans to unhedged clients by charging higher interest rates.

Subject: Banking, Credit risk, Currencies, Expenditure, External debt, Financial institutions, Financial regulation and supervision, Loans, Money, Social security contributions

Keywords: Central and Eastern Europe, CR, Credit risk, Currencies, Debt build-up, Deficit, Europe, Foreign currency, Foreign exchange, GDP, Global, Growth slowdown, ISCR, Loan-loss reserve, Loans

Publication Details

Pages:

104
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/082
Stock No:

1HRVEA2007002
ISBN:

9781451817454
ISSN:

1934-7685

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