Modeli financiranja regionalnog razvitka Istočne Hrvatske
[Models financing regional development of Eastern Croatia]
AbstractThe paper discusses the reasons for the low development level of Eastern Croatia, as well as possible ways of overcoming this situation. The revenues of local and regional self-government are frequently insufficient to finance development projects. Different characteristics of these fiscalities, such as permanent income and changes in managing this income can reduce the costs and result in more prudent and economical stewardship of local and regional authorities. This refers primarily to concentrating public resources in one commercial bank, which would establish a kind of partnership between the bank and the local community. The paper further examines the influence of ownership structure and bank's domicile on business policies of the banks operating in Eastern Croatia. The proposed changes together with new ways of financing, such as issuing securities, could generate new positive effects in financing regional development.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 7022.
Date of creation: 2007
Date of revision:
regional development; financing; banks;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- G2 - Financial Economics - - Financial Institutions and Services
- G3 - Financial Economics - - Corporate Finance and Governance
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-02-23 (All new papers)
- NEP-BAN-2008-02-23 (Banking)
- NEP-GEO-2008-02-23 (Economic Geography)
- NEP-TRA-2008-02-23 (Transition Economics)
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