Government guarantees and public debt in Croatia
Government fi nancial and performance guarantees have been issued in Croatia since 1996, to support funding and ensure favourable borrowing conditions in the fi nancial market for companies in majority state ownership. However, government guarantees have rarely been part of defi ned strategies and g...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Institute of Public Finance
2011-09-01
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| Series: | Financial Theory and Practice |
| Subjects: | |
| Online Access: | http://www.ijf.hr/upload/files/file/FTP/2011/3/bajo-primorac.pdf |
| _version_ | 1811305095771455488 |
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| author | Anto Bajo Marko Primorac |
| author_facet | Anto Bajo Marko Primorac |
| author_sort | Anto Bajo |
| collection | DOAJ |
| description | Government fi nancial and performance guarantees have been issued in Croatia since 1996, to support funding and ensure favourable borrowing conditions in the fi nancial market for companies in majority state ownership. However, government guarantees have rarely been part of defi ned strategies and goals of public debt and risk management. Despite their steady growth, the structure of active guarantees and their infl uence on Croatian public debt are still unknown. This paper analyses the amount and structure of state guarantees, their maturities and the authority and accountability for their management, and it compares the structure of guarantees in terms of economic sectors. The main objective of the paper is to determine the infl uence of government guarantees on the public debt growth. |
| first_indexed | 2024-04-13T08:19:04Z |
| format | Article |
| id | doaj.art-82b2a61b19ba4c76b87e900bc905012f |
| institution | Directory Open Access Journal |
| issn | 1846-887X 1845-9757 |
| language | English |
| last_indexed | 2024-04-13T08:19:04Z |
| publishDate | 2011-09-01 |
| publisher | Institute of Public Finance |
| record_format | Article |
| series | Financial Theory and Practice |
| spelling | doaj.art-82b2a61b19ba4c76b87e900bc905012f2022-12-22T02:54:42ZengInstitute of Public FinanceFinancial Theory and Practice1846-887X1845-97572011-09-01353253276Government guarantees and public debt in CroatiaAnto BajoMarko PrimoracGovernment fi nancial and performance guarantees have been issued in Croatia since 1996, to support funding and ensure favourable borrowing conditions in the fi nancial market for companies in majority state ownership. However, government guarantees have rarely been part of defi ned strategies and goals of public debt and risk management. Despite their steady growth, the structure of active guarantees and their infl uence on Croatian public debt are still unknown. This paper analyses the amount and structure of state guarantees, their maturities and the authority and accountability for their management, and it compares the structure of guarantees in terms of economic sectors. The main objective of the paper is to determine the infl uence of government guarantees on the public debt growth.http://www.ijf.hr/upload/files/file/FTP/2011/3/bajo-primorac.pdfgovernment guaranteesmaturitymanagementpublic debtCroatia |
| spellingShingle | Anto Bajo Marko Primorac Government guarantees and public debt in Croatia Financial Theory and Practice government guarantees maturity management public debt Croatia |
| title | Government guarantees and public debt in Croatia |
| title_full | Government guarantees and public debt in Croatia |
| title_fullStr | Government guarantees and public debt in Croatia |
| title_full_unstemmed | Government guarantees and public debt in Croatia |
| title_short | Government guarantees and public debt in Croatia |
| title_sort | government guarantees and public debt in croatia |
| topic | government guarantees maturity management public debt Croatia |
| url | http://www.ijf.hr/upload/files/file/FTP/2011/3/bajo-primorac.pdf |
| work_keys_str_mv | AT antobajo governmentguaranteesandpublicdebtincroatia AT markoprimorac governmentguaranteesandpublicdebtincroatia |