Modelling local government unit credit risk in the Republic of Croatia

Modelling local government unit credit risk in the Republic of Croatia

The objective of this paper is to determine possible indicators that affect local unit credit risk and investigate their effect on default (credit risk) of local government units in Croatia. No system for the estimation of local unit credit risk has been established in Croatia so far causing many pr...

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Bibliographic Details
Main Authors: Petra Posedel, Marko Primorac
Format: Article
Language:English
Published: Institute of Public Finance 2012-12-01
Series:Financial Theory and Practice
Subjects:
credit risk
local government units
Tobit model
Croatia
Online Access:http://fintp.ijf.hr/upload/files/ftp/2012/4/posedel_primorac.pdf

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