European Parliament Library

Republic of Croatia, Selected Issues, International Monetary Fund

Abstract
The first analysis focuses on external stability, an important issue in view of Croatia’s external imbalances and the requirements of the IMF’s 2007 Decision on Bilateral Surveillance. The paper shows that the real exchange rate is broadly in line with economic fundamentals and that external debt dynamics are sustainable as long as macroeconomic policies remain strong. The second analysis finds significant inefficiencies in Croatia’s social spending. It also discusses several reform measures to reduce inefficiencies in public spending and generate budgetary savings to reduce the general government deficit
Table Of Contents
Cover; Contents; Preface; I. Assessing Croatia's External Stability; A. Introduction; B. Current Account Sustainability; Figures; I.1. Income Catch-up and Current Account Deficits in Eastern Europe; I.2. Saving-Investment Balances, Credit, and Real GDP Growth; I.3. Price and Cost Competitiveness Indicators; I.4. Current Account Components; I.5. Merchandise Exports-Regional Comparisons; I.6. Competitiveness Indicators-Regional Comparisons; I.7. Structural Indicators; Tables; I.1. Real Exchange Rate Assessment Using Macroeconomic Balance Approach
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (72 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462376650

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