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10. Emergency Financial Mismanagement in Croatia During COVID-19 Crises

  • 2021
  • OriginalPaper
  • Chapter
Published in:
Author
Robert Barić
Published in
Macroeconomic Responses to the COVID-19 Pandemic
Publisher
Springer International Publishing

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Abstract

The chapter discusses the significance of emergency financial management (EFM) in addressing the economic impacts of the COVID-19 pandemic. It analyzes Croatia's financial response to the crisis, highlighting the challenges faced due to insufficient early warning mechanisms and a lack of long-term strategic planning. The text also delves into the structural issues within Croatia's public administration that hinder the development of an effective EFM system, such as politicization and underdeveloped emergency management frameworks. The analysis underscores the need for comprehensive and proactive financial planning to mitigate the economic consequences of crises. The chapter concludes by emphasizing the importance of a strategic approach to EFM and the challenges Croatia faces in implementing such a system.
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previous chapter Monetary and Fiscal Policy Response During COVID-19 Crisis in Bosnia and Herzegovina: Constraints and Potentials
next chapter Modern Monetary Theory and COVID-19 Crisis
Title
Emergency Financial Mismanagement in Croatia During COVID-19 Crises
Author
Robert Barić
Copyright Year
2021
Book
Macroeconomic Responses to the COVID-19 Pandemic

Print ISBN: 978-3-030-75443-3

Electronic ISBN: 978-3-030-75444-0

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-3-030-75444-0_10
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