Naslov
State aid and financial crisis: balancing competition and financial stability

Autori
Žunić Kovačević, Nataša ; Vapa-Tankosić, Jelena ; Stojsavljević, Miroslav

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), ostalo

Izvornik
Economics in crisis, the crisis of economics : conference proceedings of the 6th International conference "The Changing Economic Landscape: Issues, Implications and Policy Options" / Blažević, Sanja ; Sinković, Dean ; Černe, Ksenija ; Stjepanović, Saša - Pula : Fakultet ekonomije i turizma Dr. Mijo Mirković Sveučilišta Jurja Dobrile u Puli, 2014, 23-42

ISBN
978-953-7498-84-9

Skup
"The Changing Economic Landscape: Issues, Implications and Policy Options"

Mjesto i datum
Pula, Hrvatska, 30.05.2013. - 01.06.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Recenziran

Ključne riječi
state aid ; financial support ; European integration ; Croatia ; Serbia

Sažetak
This paper analyses temporary state aid framework as a policy tool that has been adopted by the European Commission‘s decision to temporarily authorise EU Member States state aid granted for rescuing and restructuring of enterprises in order to minimize the consequences of the global economic crisis. The framework has provided Member States with possibilities of ac¬cess to state aid for a initial period of two years, , with the option for prolongation of certain state aid measures targeted at facilitating companies’ access to finance justified by market conditions. The temporary framework contained two different sets of instruments: new measures and a temporary adaptation of the existing state aid measures. One of the new measures was to introduce subsidised guarantees with higher guarantee coverage, subsidized guarantee premiums, and loan subsidies to companies, either sound firms or firms which were not in difficulty on 1 July 2008 but had got into difficulty thereafter as a result of the crisis. The second part of the paper shall investigate the current situation on the State Aid Framework in EU accession countries, such as Republic of Croatia (that becomes full member in summer 2013) and Republic of Serbia (still in earlier phase of accession), with an aim to ensure macroeconomic stability and access to finance in the current crisis, and fulfilment of obligations assumed under the Stabilisation and Association Agreement with the EU.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Pravo

POVEZANOST RADA