Uloga središnje banke u službeno euroiziranim sustavima na primjeru Crne Gore i Kosova

master's thesis

• Title (english): The role of the central bank in official euroized countries: a case of Montenegro and Kosovo
• Author: Lucija Mušterić
• Mentor: Gordana Kordić (mentor); MBZ: 282371
• Committee member: Mihovil Anđelinović (predsjednik povjerenstva)
• Committee member: Martina Nakić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2021-09-29, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; International Economics

Abstract

Tijekom ekonomskih i političkih nestabilnosti stanovništvo nastoji očuvati vrijednost svoje imovine uporabom strane valute u koju ima više povjerenja nego u vlastitu valutu. Pojava do koje pritom dolazi naziva se dolarizacija/ euroizacija. Naziv dolarizacija dolazi od riječi dolar jer je upravo ta valuta najkorištenija u svijetu i zauzima prvo mjesto svjetskih valuta. Krajnji ishod je uvođenje službene dolarizacije / euroizacije, odnosno preuzimanje strane valute kao službene i gubitak neovisne monetarne politike. Zemljama u razvoju, za očuvanje nacionalnog identiteta, iznimno su važne nacionalna valuta, središnja banka i neovisna monetarna politika. Ova pojava ponovno je aktualizirana nedavnom financijskom i gospodarskom krizom 2008. godine. U ovom radu analizirat će se proces uvođenja službene euroizacije te rad i način poslovanja središnjih banaka zemalja Crne Gore i Kosova koje su jedine dvije zemlje u kojima je provedena službena euroizacija, bez da su dijelom Europske unije ili Europske monetarne unije. Države Crna Gora i Republika Kosovo prihvatili su euro kao valutu 2002. godine. Uvođenje eura u navedene zemlje nije krenulo slučajno. Zemlje je karakterizirala monetarna nestabilnost, te se njemačka marka, prije uvođenja eura, upotrebljavala kao zaliha vrijednosti i sredstvo razmjene. U pitanju su dvije male zemlje sa otvorenim ekonomijama i hiperinflatornim iskustvima u prošlosti (Crna Gora). Cilj rada je analizirati ulogu središnje banke u službeno euroiziranim sustavima te sagledati prednosti i nedostatke tog procesa na gospodarstva Crne Gore i Kosova.

Abstract (english)

During periods of macroeconomic and political instability, the population seeks to preserve the value of its assets by using a foreign currency in which it has more confidence than in the domestic currency. It is this process of replacing the domestic currency with a foreign one that is called dollarization / euroization. The name dollarization comes from the word dollar because it is this currency that is most used in the world and ranks first in world currencies. An extreme case is the introduction of official dollarization / euroization, is the takeover of foreign currency as the official currency and the renunciation of independent monetary policy. For developing countries, the national currency, the central bank and an independent monetary policy are extremely important for the preservation of national identity. This phenomenon was brought to the fore again by the recent financial and economic crisis of 2008. This paper will analyze the process of introducing official euroization and the work and operation of the central banks of Montenegro and Kosovo, which are the only two countries where official euroization has taken place, without being part of the European union or the European monetary union. The states of Montenegro and the Republic of Kosovo adopted the euro as their currency in 2002. The introduction of the euro in these countries did not start by accident. The countries were characterized by monetary instability, and the German mark, before the introduction of the euro, was used as a stock of value and a means of exchange. These are two small countries with open economies and hyperinflationary experiences in the past (Montenegro).
The aim of this paper is to analyze the role of the central bank in officially euroized systems and to see the advantages and disadvantages of this process on the economies of Montenegro and Kosovo.

• Keywords: Euroizacija; središnja banka; funkcije središnje banke; gospodarstvo; makroekonomski pokazetelji; Europska unija; Crna Gora i Kosovo.
• Keywords (english): Euroization; central bank; central bank functions; economy; macroeconomic indicators; European union; Montenegro and Kosovo.
• Language: croatian
• URN:NBN: urn:nbn:hr:148:310723
• Study programme: Title: 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 authenticated users
• Created on: 2021-09-30 13:18:23