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Scientific paper - Original scientific paper
State aid and financial crisis: balancing competition and financial stability
In: Economics in crisis, the crisis of economics : conference proceedings. / Blažević, Sanja; Sinković, Dean; Černe, Ksenija; Stjepanović, Saša (Ed.). Pula: Sveučilište Jurja Dobrile, Fakultet ekonomije i turizma "Dr. Mijo Mirković", 2014. urn:nbn:hr:118:234663
Žunić Kovačević, Nataša; Vapa-Tankosić, Jelena; Stojsavljević, Miroslav

Cite this document

Žunić Kovačević, N., Vapa Tankosić, J. & Stojsavljević, M. (2014). State aid and financial crisis: balancing competition and financial stability. In S. Blažević, (Ed.), D. Sinković, (Ed.), K. Černe, (Ed.), S. Stjepanović, (Ed.), Economics in crisis, the crisis of economics : conference proceedings. Pula: Sveučilište Jurja Dobrile, Fakultet ekonomije i turizma "Dr. Mijo Mirković". Retrieved from https://urn.nsk.hr/urn:nbn:hr:118:234663

Žunić Kovačević, Nataša, et al. "State aid and financial crisis: balancing competition and financial stability." Economics in crisis, the crisis of economics : conference proceedings, edited by Sanja Blažević, edited by Dean Sinković, edited by Ksenija Černe, edited by Saša Stjepanović, Sveučilište Jurja Dobrile, Fakultet ekonomije i turizma "Dr. Mijo Mirković", 2014. https://urn.nsk.hr/urn:nbn:hr:118:234663

Žunić Kovačević, Nataša, Jelena Vapa Tankosić and Miroslav Stojsavljević. "State aid and financial crisis: balancing competition and financial stability." In Economics in crisis, the crisis of economics : conference proceedings. Pula: Sveučilište Jurja Dobrile, Fakultet ekonomije i turizma "Dr. Mijo Mirković", 2014. Accessed 2024 April 18. https://urn.nsk.hr/urn:nbn:hr:118:234663

Žunić Kovačević, N., Vapa Tankosić, J. and Stojsavljević, M. (2014) 'State aid and financial crisis: balancing competition and financial stability', in Blažević, S. (ed.), Sinković, D. (ed.), Černe, K. (ed.), Stjepanović, S. (ed.), Economics in crisis, the crisis of economics : conference proceedings, Sveučilište Jurja Dobrile, Fakultet ekonomije i turizma "Dr. Mijo Mirković", Pula. Available at: https://urn.nsk.hr/urn:nbn:hr:118:234663 (Accessed 18 April 2024)

Žunić Kovačević N, Vapa Tankosić J, Stojsavljević M. State aid and financial crisis: balancing competition and financial stability. In: S. Blažević, ed., D. Sinković, ed., K. Černe, ed., S. Stjepanović, ed. Economics in crisis, the crisis of economics : conference proceedings. Pula: Sveučilište Jurja Dobrile, Fakultet ekonomije i turizma "Dr. Mijo Mirković"; 2014. [cited 2024 April 18] Available at: https://urn.nsk.hr/urn:nbn:hr:118:234663

N. Žunić Kovačević, J. Vapa Tankosić and M. Stojsavljević, "State aid and financial crisis: balancing competition and financial stability", Economics in crisis, the crisis of economics : conference proceedings, S. Blažević et al., Eds. Pula: Sveučilište Jurja Dobrile, Fakultet ekonomije i turizma "Dr. Mijo Mirković", 2014. [Online] Available at: https://urn.nsk.hr/urn:nbn:hr:118:234663 [Accessed: 18 April 2024]

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Metadata
Title (english)State aid and financial crisis: balancing competition and financial stability
AuthorNataša Žunić Kovačević
AuthorJelena Vapa-Tankosić
AuthorMiroslav Stojsavljević
EditorSanja Blažević
EditorDean Sinković
EditorKsenija Černe
EditorSaša Stjepanović
Author's institutionUniversity of Rijeka
FACULTY OF LAW
(Chair of Financial Law)
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Law
Financial Law
Abstract (english)
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.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Publication titleEconomics in crisis, the crisis of economics : conference proceedings
ISBN978-953-7498-84-9
URN:NBNurn:nbn:hr:118:234663
Publication2014
ConferenceTitle: 6th International conference "The Changing Economic Landscape: Issues, Implications and Policy Options"
Location: Pula, Croatia
Start date: 2013-05-30
End date: 2013-06-01
Assembly type: Lecture
Document URLhttp://bib.irb.hr/661621
Type of resourceText
PublisherSveučilište Jurja Dobrile, Fakultet ekonomije i turizma "Dr. Mijo Mirković"
Publishing placePula
Access conditionsClosed access
Terms of useLicence In copyright icon
Created on2019-07-29 06:51:52