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Economic Trends and Economic Policy, Vol. 13 No. 97, 2003.

Original scientific paper

ANALYSIS OF PUBLIC AND EXTERNAL DEBT SUSTAINABILITY FOR CROATIA: APPLICATION OF STANDARD FINANCIAL INDICATORS

Dubravko Mihaljek

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Abstract

This article analyzes the sustainability of public and external debt of Croatia with the help of standard indicators used by international financial institutions, investment banks and rating agencies. It is shown that a thorough sustainability analysis requires the use of a whole range of indicators. A threshold at which debt sustainability becomes a problem may differ across periods and countries, and depends on the perceptions and expectations of financial market participants. The indicators of debt sustainability for Croatia are compared with those for EU candidates from Central and Eastern Europe.

Keywords

Hrčak ID:

18578

URI

https://hrcak.srce.hr/18578

Publication date:

10.1.2004.

Article data in other languages: croatian

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