Title Monetarna politika Europske središnje banke Title (english) The monetary policy of the European Central Bank Author Kelly Jeromela Mentor Marta Božina Beroš (mentor)Committee member Manuel Benazić (predsjednik povjerenstva)Committee member Marta Božina Beroš (član povjerenstva)Committee member Dean Učkar (član povjerenstva)Granter University of Pula Defense date and country 2023-12-08, Croatia Scientific / art field, SOCIAL SCIENCES Abstract Monetarna politika važna je za funkcioniranje gospodarstva jedne zemlje u cjelini. U zemljama Europske unije čija je valuta euro provodi se jedinstvena monetarna politika koju donosi Europska središnja banka. Glavni cilj monetarne politike Europske središnje banke je stabilnost cijena. Stabilne cijene smanjuju volatilnost gospodarstva što zauzvrat smanjuje neizvjesnost i potiče gospodarski prosperitet. Podređeni cilj očituje se u održavanju financijske stabilnosti zbog rastuće uloge financijskog sektora u gospodarstvu, ali i društvenom životu.
Budući da je europodručje obilježeno gospodarskim različitostima između zemalja te izloženo prijetnjom prelijevanja ekonomskih šokova između zemalja, pred Europskom središnjom bankom nalaze se izazovi pravodobnog i učinkovitog provođenja monetarne politike. Navedeni izazovi posebice su bili naglašeni tokom svjetske financijske krize, krize javnog duga europodručja te krize uzrokovane pandemijom Covid-a 19. Europska središnja banka na financijske krize odgovara učinkovitim mjerama monetarne politike, ali i nekonvencionalnim mjerama monetarne politike koje nastaju kao odgovor na specifične prepreke u transmisijskom mehanizmu. Mjere, instrumente i strategije monetarne politike Europska središnja banka prilagodila je specifičnostima svake pojedine krize i gospodarskog ciklusa kako bi stabilizirala gospodarstvo europodručja.
Abstract (english) It is important for an economy to have an effective monetary policy in order for it to function properly. The European Central Bank implements a single monetary policy in European Union countries that use the euro as their currency. Price stability is the primary goal of the European Central Bank's monetary policy. Price stability lowers economic volatility, which in turn lowers uncertainty and promotes economic prosperity. Because of the growing role of the financial sector in economies and everyday life, the subordinate goal is to maintain financial stability.
The euro area is characterized by economic inequalities and is vulnerable to the threat of cross-country economic shocks. As a result, the European Central Bank faces the challenge of implementing monetary policy "right on time" and effectively. The aforementioned challenges were highlighted in particular during the global financial crisis, the Eurozone sovereign debt crisis, and the Covid-19 crisis. The European Central Bank responded to the financial crisis with effective monetary policy measures, as well as non-conventional monetary policy measures resulting from specific transmission mechanism obstacles. The European Central Bank's monetary policy measures, instruments, and strategies have been tailored to the specifics of each crisis and economic cycle in order to stabilize the eurozone's economy.
Keywords
monetarna politika
Europska središnja banka
europodručje
transmisijski mehanizam
svjetska financijska kriza
kriza javnog duga europodručja
nekonvencionalne mjere monetarne politike
Keywords (english)
monetary policy
European Central Bank
transmission mechanism
Euro area sovereign debt crisis
non-conventional monetary policy measures
Language croatian URN:NBN urn:nbn:hr:137:629679 Study programme Title: Business Economics; Financial Management, Marketing Management, Management and Entrepreneurship,Tourism, Business Informatics; specializations in: Financial Management, Marketing Management, Management and Entrepreneurship, Tourism and Development, Business Informatics, Informatics Management Type of resource Text File origin Born digital Access conditions Open access Terms of use Created on 2023-12-11 22:16:31
