IMF Staff Country Reports

Republic of Croatia: Selected Issues

February 12, 2019

Download PDF

Preview Citation

Format: Chicago

Republic of Croatia: Selected Issues, (USA: International Monetary Fund, 2019) accessed November 8, 2024

Summary

This Selected Issues paper explores how intersectoral vulnerabilities and risks have shifted over 2001–17, and especially after the Global Financial Crisis. It analyzes financial positions at the sectoral levels deposit taking institutions and non-financial corporations, households, the public sector, and the Croatian National Bank by disaggregating them into instruments, currencies, and maturities. The paper has employed balance sheet analysis (BSA) to gauge cross-sectional exposures and risks. The BSA approach is a method to study an economy as a system of interlinked sectoral balance sheets. The policies to reduce the remaining vulnerabilities have also been discussed in the paper. Standard macroeconomic indicators demonstrate that Croatia’s overall external vulnerabilities have declined since 2010. However, the balance sheet matrix shows little improvement in reduction of important cross-sectoral dependencies and liabilities to the rest of the world over 2010–17. One of the recommendations made is to encourage deleveraging through specific policy options and strategies.

Subject: Banking, Currencies, External debt, Financial institutions, Financial statements, Foreign exchange, Loans, Money, Public financial management (PFM)

Keywords: Balance sheet, Bank, Central and Eastern Europe, CR, Currencies, Debt, Eastern Europe, Financial statements, FX, FX debt, FX lending, FX mismatch, FX position, FX stress test, Global, ISCR, Loans, Sustainability analysis

Publication Details

  • Pages:

    18

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2019/047

  • Stock No:

    1HRVEA2019002

  • ISBN:

    9781484398692

  • ISSN:

    1934-7685

You May Also Be Interested In...

Lao People's Democratic Republic: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People's Democratic Republic

November 8, 2024

Republic of Tajikistan: Technical Assistance Report-Public Investment Management Assessment with the Climate Module

November 8, 2024

Colombia: Technical Assistance Report-Report on the Mineral Asset Accounts and Carbon Footprints Mission (May 20–24, 2024)

November 8, 2024

Republic Of Tajikistan: Fiscal Risk Management and Transparency of State-Owned Enterprises

November 8, 2024