Indeed, as I suggested earlier, they are critical for ensuring that the increased resilience of the financial system envisioned in the post-crisis strengthening of capital requirements is realized. Furthermore, just as these supervisory instruments aim for dynamic assessment of capital needs, so they will remain dynamic, adapting in response to our experience, economic and financial conditions, and advancements in risk measurement.
Resources flowed quickly and efficiently from public uses to private ones, the labor market and wages were liberalized, and price controls were lifted. Measures that helped during the war but that could potentially have harmed the economy in future were removed (Vonyó 2019). Croatia gives us another lesson in why prudent macroeconomic management and forward-looking policies are crucial for a successful recovery.