Enter the e-mail address associated with your account.
Click "send" to have your password e-mailed to you.

Email:
Institute of Public Finance

Creative Commons License
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License
Archive
print

Government guarantees and public debt in Croatia


Anto Bajo, Institute of Public Finance, Zagreb, Croatia
Marko Primorac, Faculty of Economics and Business, Zagreb, Croatia


Abstract
Government financial and performance guarantees have been issued in Croatia since 1996, to support funding and ensure favourable borrowing conditions in the financial market for companies in majority state ownership. However, government guarantees have rarely been part of defined strategies and goals of public debt and risk management. Despite their steady growth, the structure of active guarantees and their influence 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 influence of government guarantees on the public debt growth.

Keywords:  government guarantees, maturity, management, public debt, Croatia

Year:  2011   |   Volume:  35   |   Issue:  3   |   Pages:  253 - 276   

Full text (PDF)   |   DOI: 10.3326/fintp.35.3.1   |   E-mail this article   |   Download to citation manager
 September, 2011
III / 2011
DOAJ
Hrčak
RePEc
CrossRef
CrossCheck
EBSCO Publishing
ISSN 1846-887X
e-ISSN 1845-9757
In order to give you a better user experience, cookies have been stored on your computer.
By accessing the website www.fintp.hr the user has given consent to using cookies. More information