Republic of Croatia: Selected Issues
Electronic Access:
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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.
Series:
Country Report No. 2007/082
Subject:
Banking Credit risk Currencies Expenditure External debt Financial institutions Financial regulation and supervision Loans Money Social security contributions
English
Publication Date:
February 27, 2007
ISBN/ISSN:
9781451817454/1934-7685
Stock No:
1HRVEA2007002
Pages:
104
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