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Republic of Croatia: Selected Issues

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  • International Monetary Fund

Abstract

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.

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  • International Monetary Fund, 2007. "Republic of Croatia: Selected Issues," IMF Staff Country Reports 2007/082, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/082
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    References listed on IDEAS

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    1. Laeven, Luc & Majnoni, Giovanni, 2003. "Loan loss provisioning and economic slowdowns: too much, too late?," Journal of Financial Intermediation, Elsevier, vol. 12(2), pages 178-197, April.
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    5. Kraft, Evan & Jankov, Ljubinko, 2005. "Does speed kill? Lending booms and their consequences in Croatia," Journal of Banking & Finance, Elsevier, vol. 29(1), pages 105-121, January.
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    Cited by:

    1. Romain Rancière & Aaron Tornell & Athanasio Vamvakidis, 2010. "Currency Mismatch and Systemic Risk in Emerging Europe," PSE - G-MOND WORKING PAPERS halshs-00967419, HAL.
    2. Mr. David Moore & Mr. Athanasios Vamvakidis, 2007. "Economic Growth in Croatia: Potential and Constraints," IMF Working Papers 2007/198, International Monetary Fund.
    3. Hoffman, Saul D. & Bićanić, Ivo & Vukoja, Oriana, 2012. "Wage inequality and the labor market impact of economic transformation: Croatia, 1970–2008," Economic Systems, Elsevier, vol. 36(2), pages 206-217.
    4. Ivo Bicanic & Saul D. Hoffman & Oriana Vukoja, 2010. "Croatian Wage Inequality and Wage Differentials, 1970-2008: Measurement and Determinants," Working Papers 10-03, University of Delaware, Department of Economics.
    5. Boromisa, Ana-Maria & Knezović, Sandro, 2008. "Croatia: Integration Perspectives and Synergic Effects of European Transformation in the Countries Targeted by EU Enlargement and Neighbourhood Policies Economy," MPRA Paper 23971, University Library of Munich, Germany.
    6. Saul D. Hoffman & Ivo Bicanic & Oriana Vukoja, 2010. "Wage Differentials and Wage Inequality in Croatia, 1970-2008: Assessing the Labor Market Impact of Economic Transformation," Working Papers 10-13, University of Delaware, Department of Economics.
    7. David Moore & Athanasios Vamvakidis, 2008. "Economic Growth in Croatia: Potential and Constraints," Financial Theory and Practice, Institute of Public Finance, vol. 32(1), pages 1-28.
    8. Tornell, Aaron & Rancière, Romain & Vamvakidis, Athanasios, 2011. "A New Index of Currency Mismatch and Systemic Risk," CEPR Discussion Papers 8250, C.E.P.R. Discussion Papers.
    9. Mr. Romain Ranciere & Aaron Tornell & Mr. Athanasios Vamvakidis, 2010. "A New Index of Currency Mismatch and Systemic Risk," IMF Working Papers 2010/263, International Monetary Fund.

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