Title Uloga HNB-a na financijskom tržištu Republike Hrvatske
Title (english) The role of HNB in Croatian financial market
Author Olga Lorber
Mentor Dean Učkar (mentor)
Committee member Marta Božina Beroš (predsjednik povjerenstva)
Committee member Dean Učkar (član povjerenstva)
Committee member Manuel Benazić (član povjerenstva)
Granter University of Pula (Faculty of economics and tourism "Dr. Mijo Mirković") Pula
Defense date and country 2018-09-26, Croatia
Scientific / art field, discipline and subdiscipline SOCIAL SCIENCES Economics Finance
Abstract Predmet istraživanja ovog završnog rada je uloga HNB na financijskom tržištu Republike Hrvatske. Završnim radom nastoji se odgovoriti na pitanje: „Obavlja li HNB svoju ulogu na financijskom tržištu efikasno i sukladno utvrđenim ciljevima?“. Nakon uvida u teorijski okvir problematike kao što je povijest i nastanak središnje banke Republike Hrvatske te ključne komponente i pojmova poput inflacije, kamatnih stopa i tečaja, prikazano je kretanje aktivnih i pasivnih kamatnih stopa, EURIBOR kamatne stope i eskontne kamatne stope te kretanje IPC, HIPC i srednjeg deviznog tečaja HNB. Objašnjeno je koje su značajke tržišta novca i na koji način monetarna politika utječe na kamatne stope i stabilnost cijena. Također, napravljena je analiza kretanja eskontne kamatne stope od 2008. do 2018. godine čime je utvrđena tendencija pada istih. Nadalje se, u okviru objašnjenja pojmova inflacije i njenog utjecaja na stabilnost cijena i financijskog tržišta, analizira kretanje inflacije putem navedenih metoda, a HIPC, osim kretanja hrvatskog indeksa, utvrđuje kretanje u odabranim zemljama usporedbe radi. Teorijska podloga razvoja tečajnih režima kroz povijest opisana je zajedno s definiranjem tečajnog sustava kojeg koristi HNB odnosno Republika Hrvatska. Također, opisana je važnost stabilnosti tečaja kune prema euru uz pripadajuće tablične i/ili grafičke prikaze kao i način formiranja srednjeg tečaja. Zaključak, pri samom kraju istraživanja i završnog rada, objedinjuje sve navedeno i predstavlja konačno mišljenje o efikasnosti HNB u provođenju temeljnih ciljeva i uloge središnje banke na financijskom tržištu Republike Hrvatske.
Abstract (english) The research topic of this work is the role of the CNB in the financial market of the Republic of Croatia. The final paper tries to answer the question: "Does the CNB perform its stake in the financial market efficiently and in accordance with the goals set?". After a review of the theoretical framework of problems such as the history and formation of the central bank of the Republic of Croatia and key components and concepts such as inflation, interest rates and exchange rates, the movements of active and passive interest rates, the EURIBOR interest rate and the expiry interest rates and movements of IPC, HIPC and the CNB's foreign exchange rate. It is explained which are the features of the money market and how monetary policy affects interest rates and price stability An analysis of the evolution of the discount rate from 2008 to 2018 has also been made, as the tendency of falling them is determined. In addition, in the context of the explanation of inflation terms and their impact on price stability and financial market, HIPC analyzes the flow of inflation through the above methods, apart from the Croatian index, establishes trends in the selected comparison countries. The theoretical basis for the development of exchange rates through history is described together with the definition of the exchange rate system used by the CNB and the Republic of Croatia. Also, the importance of the stability of the kuna / euro exchange rate with the corresponding tabular and / or graphical representation as well as the way of forming the middle exchange is described. The conclusion, at the very end of research and final work, brings together all the above and presents the final position on the CNB's effectiveness in implementing the core objectives and role of the central bank on the financial market of the Republic of Croatia.
Keywords
HNB
monetarna politika
kamatna stopa
inflacija
tečajni režim
Keywords (english)
CNB
monetary policy
interest rate
inflation
exchange rate regime
Language croatian
URN:NBN urn:nbn:hr:137:727280
Study programme Title: Business Economics; specializations in: Finance, Accounting and Auditing, Marketing Management, Management and Entrepreneurship, Tourism, Business Informatics Course: Finance Study programme type: university Study level: undergraduate Academic / professional title: sveučilišni/a prvostupnik/prvostupnica (baccalaureus/baccalaurea) ekonomije (sveučilišni/a prvostupnik/prvostupnica (baccalaureus/baccalaurea) ekonomije)
Type of resource Text
File origin Born digital
Access conditions Open access
Terms of use
Created on 2019-04-19 12:00:30