Debt conversion and Yugoslav shipping and shipbuilding

U uvodu autor objašnjava okolnosti i navodi pretpostavke koje treba ispuniti da bi se poslovi konverzije mogli primijeniti. U kontekstu šireg pojma konverzije duga definiraju se razlike u pojmovima konverzije duga, odnosno zamjene duga. Kritički se osvrće na nacrt odredaba koje je izradila Narodna banka Jugoslavije radi normiranja konverzije dugova u SFRJ. Zalaže se za korištenje swappinga u brodogradnji i brodarstvu. Autor upozorava na negativne učinke u situacijama ako se sredstva ostvarena popustom (discount-om) prilikom konverzije dugova ne usmjeravaju u oživljavanje privrednog rasta, naglašavaju da uz brodarstvo i brodogradnju konverzija dugova može korisno poslužiti za razvoj turizma, poljoprivrede, perspektivne industrije, za gradnju prometnica itd.The author explains the circumstances and identifies the conditions that should be fulfilled in order to achieve implementation of debt conversion. Within the extensive concept of debt conversion differences are defined between the concept of debt conversion and debt exchange. He refers critically to the draft provisions elaborated within the National Bank of Yugoslavia aiming at legal regulation of debt conversion in SFRY. He supports the application of swappings in the shipbuilding and shipping industry. The author reminds of the negative effects if the discount gained through debt conversion is not directed into revitalization of the Yugoslav economy pointing out that besides shipping and shipbuilding debt conversion may be applied usefully for the development of tourism, agriculture, profitable industry, road constructions, etc