{
  "title": "Republic of Croatia: Selected Issues Paper",
  "publication": "IMF Staff Country Reports, July 1, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-croatia-selected-issues-paper-25010",
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  "summary": "Croatia’s economic vulnerability is discussed in this study. Using the balance sheet approach (BSA), this paper analyzes Croatia’s overall and sectoral vulnerabilities. Croatia’s financial sector balance sheet is exposed to liquidity, contagion, and currency risks.",
  "publishDate": "2011-07-01",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary and scope",
      "content": "- Croatia’s economic vulnerability is analyzed using the balance sheet approach (BSA).\n- The paper examines overall and sectoral vulnerabilities with a focus on the financial sector’s balance sheet exposures.\n- Publication date: July 1, 2011.\n- Pages: 16.\n- Volume: 2011.\n- Issue: 160.\n- Series: Country Report No. 2011/160.\n- DOI: https://doi.org/10.5089/9781455293698.002\n- Stock No: 1HRVEA2011002\n- ISBN: 9781455293698\n- ISSN: 1934-7685"
    },
    {
      "heading": "Key findings on vulnerabilities",
      "content": "- The financial sector balance sheet is exposed to:\n  - liquidity risk\n  - contagion risk\n  - currency risk\n- Strong pre-crisis prudential policies and parent banks’ willingness to keep or even increase exposures constrain the economy’s capacity to tackle another major macroeconomic or financial shock.\n- Given the stable exchange rate policy, coordinated policy measures are required to reduce vulnerabilities and support sustained growth."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- A consistent set of:\n  - structural policies\n  - fiscal policies\n  - monetary policies\n  - prudential policies\n  is needed to achieve sustained growth and reduced vulnerabilities under the stable exchange rate policy."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subject: Banking, Commercial banks, Currencies, Economic sectors, Financial institutions, Financial sector, Foreign currency exposure, Money, Public sector\n- Keywords: Commercial banks, CR, creating flow, Currencies, currency, currency risk, debt, debt stock, Europe, Financial sector, foreign currency buffer, Foreign currency exposure, foreign currency position, Intersectoral asset, ISCR, liability, liability position, net, net foreign currency indebtedness, prudential foreign currency buffer, Public sector, short-term debt\n\nRepublic of Croatia: Selected Issues Paper, IMF Staff Country Reports 2011, Issue 160.\n\n---\n\n Content in this bundle\n\n- Republic of Croatia: Selected Issues Paper; IMF Country Report No. 11/160; June 8, 2011\n  - Republic of Croatia: Selected Issues Paper; IMF Country Report No. 11/160; June 8, 2011 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Croatia: Selected Issues Paper; IMF Country Report No. 11/160; June 8, 2011 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-croatia-selected-issues-paper-25010"
    }
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    "Published: July 1, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455293698.002",
    "Croatia’s economic vulnerability is analyzed using the balance sheet approach (BSA).",
    "The paper examines overall and sectoral vulnerabilities with a focus on the financial sector’s balance sheet exposures.",
    "Publication date: July 1, 2011.",
    "Pages: 16.",
    "Volume: 2011.",
    "Issue: 160.",
    "Series: Country Report No. 2011/160.",
    "DOI: https://doi.org/10.5089/9781455293698.002",
    "Stock No: 1HRVEA2011002",
    "ISBN: 9781455293698",
    "ISSN: 1934-7685",
    "The financial sector balance sheet is exposed to:",
    "Strong pre-crisis prudential policies and parent banks’ willingness to keep or even increase exposures constrain the economy’s capacity to tackle another major macroeconomic or financial shock.",
    "Given the stable exchange rate policy, coordinated policy measures are required to reduce vulnerabilities and support sustained growth.",
    "A consistent set of:",
    "Subject: Banking, Commercial banks, Currencies, Economic sectors, Financial institutions, Financial sector, Foreign currency exposure, Money, Public sector",
    "Keywords: Commercial banks, CR, creating flow, Currencies, currency, currency risk, debt, debt stock, Europe, Financial sector, foreign currency buffer, Foreign currency exposure, foreign currency position, Intersectoral asset, ISCR, liability, liability position, net, net foreign currency indebtedness, prudential foreign currency buffer, Public sector, short-term debt",
    "**Republic of Croatia: Selected Issues Paper; IMF Country Report No. 11/160; June 8, 2011**"
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