hrcak mascot   Srce   HID

Izvorni znanstveni članak

Sustainability of Croatia's Public and External Debt

Dubravko Mihaljek

Puni tekst: engleski, pdf (956 KB) str. 11-52 preuzimanja: 372* citiraj
APA 6th Edition
Mihaljek, D. (2005). Sustainability of Croatia's Public and External Debt. Croatian Economic Survey, (7), 11-52. Preuzeto s https://hrcak.srce.hr/6311
MLA 8th Edition
Mihaljek, Dubravko. "Sustainability of Croatia's Public and External Debt." Croatian Economic Survey, vol. , br. 7, 2005, str. 11-52. https://hrcak.srce.hr/6311. Citirano 20.10.2020.
Chicago 17th Edition
Mihaljek, Dubravko. "Sustainability of Croatia's Public and External Debt." Croatian Economic Survey , br. 7 (2005): 11-52. https://hrcak.srce.hr/6311
Harvard
Mihaljek, D. (2005). 'Sustainability of Croatia's Public and External Debt', Croatian Economic Survey, (7), str. 11-52. Preuzeto s: https://hrcak.srce.hr/6311 (Datum pristupa: 20.10.2020.)
Vancouver
Mihaljek D. Sustainability of Croatia's Public and External Debt. Croatian Economic Survey [Internet]. 2005 [pristupljeno 20.10.2020.];(7):11-52. Dostupno na: https://hrcak.srce.hr/6311
IEEE
D. Mihaljek, "Sustainability of Croatia's Public and External Debt", Croatian Economic Survey, vol., br. 7, str. 11-52, 2005. [Online]. Dostupno na: https://hrcak.srce.hr/6311. [Citirano: 20.10.2020.]

Sažetak
This paper analyses sustainability of Croatia's public and external debt 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. By contrast, only few summary measures - such as gross public and external debt and their shares in GDP - are currently usually used in discussions of debt issues in Croatia. Against this background, the paper derives other standard indicators of debt sustainability, such as debt stabilising primary and overall deficits of general government. It is further argued that threshold at which debt sustainability becomes a problem differs across periods and countries, and depends on the perceptions and expectations of financial market participants. Debt sustainability indicators for Croatia are compared with those for EU candidates from Central and Eastern Europe.

Ključne riječi
public debt; external debt; debt sustainability; vulnerability indicators; .bond spreads; credit ratings; Central and Eastern Europe; Croatian economy

Hrčak ID: 6311

URI
https://hrcak.srce.hr/6311

Posjeta: 824 *