Republic of Croatia : Selected Issues Paper

Publication Date: July 01, 2011
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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. With strong pre-crisis prudential policies and parent banks’ willingness to keep or even increase exposures, the economy’s capacity to tackle another major macroeconomic or financial shock is limited. Given the stable exchange rate policy, a consistent set of structural, fiscal, monetary, and prudential policies are needed for sustained growth and reduced vulnerabilities.
Series: Country Report No. 11/160
Subject(s): Banking sector | Corporate sector | External debt | Selected issues

Publication Date: July 01, 2011
ISBN/ISSN: 9781455293698/1934-7685 Format: Paper
Stock No: 1HRVEA2011002 Pages: 16
US$18.00 (Academic Rate:
US$18.00 )
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