Utjecaj monetarne politike na bankovni sustav Hrvatske

master's thesis

• Title (english): The impact of monetary policy on banking system in Croatia
• Author: Sanja Kelemin
• Mentor: Marijana Ivanov (mentor); MBZ: 210365
• Committee member: Martina Nakić (predsjednik povjerenstva)
• Committee member: Gordana Kordić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2019-09-25, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Hrvatska se ubraja u europske države s izrazitim bankocentričnim sustavom,
stoga je monetarna politika koju vodi središnja banka, uz fiskalnu politiku
najvažnija je za normalno funkcioniranje države. Utjecaj monetarne politike na
bankovni sustav odvija se kroz kreiranje i povlačenje količine primarnog novca
kroz kredite bankama, otkupe vrijednosnica i deviza od banaka te kroz promjenu u
visini stope obvezne rezerve i strukturi rezervi banaka. Kretanja kamatnih stopa na
međubankovnom tržištu rezultat su promjene u monetarnom, financijskom i
gospodarskom sustavu, stoga se kroz visinu međubankovne kamatne stope mogu
uočiti učinci krize i promjene deviznog tečaja. Osim monetarnom politikom
središnja banka djeluje na banke i prudencijalnom politikom. Hrvatska narodna
banka kao zaštitu od sistemskog rizika nalaže bankama obvezu korištenja
različitih mjera makroprudencijalne regulacije kao što su protuciklički zaštitni sloj
kapitala i zaštitni sloj za strukturni sistemski rizik. Kako bi banke ostale solventne
potrebno je da imaju dovoljno kapitala kako bi mogle pokriti neočekivane gubitke.
Pritom, potreban iznos kapitala ovisi o rizičnosti imovine banke, što bi značilo da
se za sigurniju imovinu izdvaja manje zaštitnog kapitala zbog manjeg pondera
rizika i obratno.

Abstract (english)

Croatia is part of European countries with a distinct bank – centric system, so
monetary policy and fiscal policy are the most important for normal functioning of
the country. The impact of monetary policy on the banking system is through the
creation and withdrawal of primary money through bank loans, the purchase of
securities and foreign exchange, and through changes in the amount of reserve
requirements and the structure of bank’s reserves. Interest rate movements in the
interbank market are the result of changes in the monetary, financial, and
economics system, so the effects of the crisis and the exchange rate can be
observed through the amount of the interbank interest rate. In addition to monetary
policy, the central bank acts on banks with prudential policy. As a protection
against systemic risk, the Croatian National Bank imposes on banks the obligation
to apply various measures of macroprudential regulation, such as the
countercyclical capital protection buffer and the structural systemic risk protection
buffer. For banks to remain solvent, they need to have enough capital to cover
unexpected losses. However, the amount of capital required depends on the
riskiness of the bank's assets, which would mean that less safeguarding capital is
allocated to safer assets due to the lower risk weight and vice versa.

• Keywords: monetarna politika; banke; kamatne stope; prudencijalna politika
• Keywords (english): monetary policy; banks; interest rates; prudential policy
• Language: croatian
• URN:NBN: urn:nbn:hr:148:665872
• Study programme: Title: Business Economics; Study programme type: university; Study level: graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2019-09-25 08:41:42