Analiza smjernica upravljanja javnim dugom u Republici Hrvatskoj

master's thesis

• Title (english): Analysis of public debt management guidelines in the Republic of Croatia
• Author: Ljiljana Vlašić
• Mentor: Vlatka Bilas (mentor)
• Committee member: Gordana Kordić (predsjednik povjerenstva)
• Committee member: Mile Bošnjak (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2024-09-24, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Cilj ovog diplomskog rada bio je analizirati strategije upravljanja javnim dugom Republike Hrvatske kroz razdoblje od 2007. do 2026. godine, s naglaskom na njihovu učinkovitost i uspješnost provedbe. Javni dug je jedan od ključnih ekonomskih pojmova jer značajno utječe na gospodarska očekivanja, individualno ponašanje i tržišna kretanja. Metodologija korištena u istraživanju uključuje sekundarne izvore podataka relevantnih institucija poput Ministarstva financija, Hrvatske narodne banke i Eurostata. Za teorijski dio primijenjena je deskriptivna metoda, dok su statističke metode korištene za prikazivanje podataka kroz grafikone i tablice. Povijesna metoda omogućila je usporedbu podataka kroz različita vremenska razdoblja, a metode indukcije i dedukcije korištene su za izvođenje zaključaka. Javni dug se dijeli prema nekoliko kriterija, uključujući institucionalni obuhvat, ročnost, valutnu strukturu i kamatne stope. Glavni izazov upravljanja dugom je osiguranje optimalne strukture dospijeća i valute, kao i minimizacija rizika povezanih s fluktuirajućim kamatnim stopama i valutnim rizicima. Zaključak rada ističe kako je unaprjeđenje upravljanja javnim dugom ključno za stabilnost financijskog sustava. Potrebno je nastaviti s proširenjem i diversifikacijom baze investitora i jačanjem domaćeg tržišta državnih vrijednosnica kako bi se smanjio rizik od vanjskih šokova i povećala likvidnost domaćeg financijskog tržišta.

Abstract (english)

The objective of this thesis was to analyze the public debt management strategies of the Republic of Croatia over the period from 2007 to 2026, with a particular focus on their effectiveness and successful implementation. Public debt is one of the key economic concepts as it significantly impacts economic expectations, individual behavior, and market movements. The methodology used in the research includes secondary data sources from relevant institutions such as the Ministry of Finance, the Croatian National Bank, and Eurostat. A descriptive method was applied for the theoretical part, while statistical methods were used to present data through charts and tables. The historical method allowed for the comparison of data over different time periods, and induction and deduction methods were employed to draw conclusions. Public debt is categorized according to several criteria, including institutional scope, maturity, currency structure, and interest rates. The main challenge of debt management is ensuring an optimal structure of maturity and currency, as well as minimizing the risks associated with fluctuating interest rates and currency risks. The conclusion of the thesis highlights that improving public debt management is crucial for the stability of the financial system. It is necessary to continue expanding and diversifying the investor base and strengthening the domestic market for government securities to reduce the risk of external shocks and increase the liquidity of the domestic financial market.

• Keywords: javni dug; fiskalna održivost; strategija upravljanja
• Keywords (english): public debt; fiscal sustainability; management strategy
• Language: croatian
• URN:NBN: urn:nbn:hr:148:430621
• Study programme: Title: Business economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: sveučilišni magistar ekonomije/sveučilišna magistra ekonomije (sveučilišni magistar ekonomije/sveučilišna magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2024-09-26 16:40:32