IDEAS home Printed from https://ideas.repec.org/a/ipf/finteo/v35y2011i3p253-276.html
   My bibliography  Save this article

Government guarantees and public debt in Croatia

Author

Listed:
  • Anto Bajo

    (Institute of Public Finance, Zagreb)

  • Marko Primorac

    (Faculty of Economics and Business, Zagreb)

Abstract

Government financial and performance guarantees have been issued in Croatia since 1996, to support funding and ensure favourable borrowing conditions in the financial market for companies in majority state ownership. However, government guarantees have rarely been part of defined strategies and goals of public debt and risk management. Despite their steady growth, the structure of active guarantees and their influence on Croatian public debt are still unknown. This paper analyses the amount and structure of state guarantees, their maturities and the authority and accountability for their management, and it compares the structure of guarantees in terms of economic sectors. The main objective of the paper is to determine the influence of government guarantees on the public debt growth.

Suggested Citation

  • Anto Bajo & Marko Primorac, 2011. "Government guarantees and public debt in Croatia," Financial Theory and Practice, Institute of Public Finance, vol. 35(3), pages 253-276.
  • Handle: RePEc:ipf:finteo:v:35:y:2011:i:3:p:253-276
    as

    Download full text from publisher

    File URL: http://www.ijf.hr/upload/files/file/FTP/2011/3/bajo-primorac.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Polackova, Hana, 1998. "Contingent government liabilities : a hidden risk for fiscal stability," Policy Research Working Paper Series 1989, The World Bank.
    2. Hana Polackova Brixi & Allen Schick, 2002. "Government at Risk : Contingent Liabilities and Fiscal Risk," World Bank Publications, The World Bank, number 15233.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Markus Reischmann, 2016. "Public Debt Policies," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(1), pages 48-51, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ipf:finteo:v:35:y:2011:i:3:p:253-276. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martina Fabris). General contact details of provider: http://edirc.repec.org/data/ijfffhr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.