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Legal, Economic and Political Aspect of Establishing Fiscal and Monetary Sovereignty of the Republic of Croatia


  • Miljenko Brekalo

    () (Independent scientist, Osijek, the Republic of Croatia)

  • Zvjezdana Penava Brekalo

    () (II. gimnazija u Osijeku, the Republic of Croatia)


Croatian fiscal and monetary system stayed without one part of its income because of no fiscal and monetary sovereignty over the occupied territories. This would be of great importance especially after the war when Croatia claims the war compensation from Serbia and Montenegro, so it will be necessary to estimate the amount of public income which was collected on the territory of Republika Srpska Krajina in order to have an accurate amount once when Croatia claims its war and collateral compensation form these two states. The estimated public income is extremely important fiscal subject which was not transferred into the state budget and the budgets of the local communities since these financial means are usually ignored when Croatian war compensation is discussed publicly, scientifically and among scholars.

Suggested Citation

  • Miljenko Brekalo & Zvjezdana Penava Brekalo, 2009. "Legal, Economic and Political Aspect of Establishing Fiscal and Monetary Sovereignty of the Republic of Croatia," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 5, pages 509-514.
  • Handle: RePEc:osi:journl:v:5:y:2009:p:509-514

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    fiscal sovereignty; monetary sovereignty;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development


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