Monetary Transmission in Croatia: A View from the Eurozone’s “Waiting Room” (CROSBI ID 70511)
Prilog u knjizi | izvorni znanstveni rad
Podaci o odgovornosti
Benazić, Manuel ; Učkar, Dean
engleski
Monetary Transmission in Croatia: A View from the Eurozone’s “Waiting Room”
The Republic of Croatia, as a member of the European Union, is preparing for the adoption of the euro as a national currency and is currently in the so-called Eurozone’s “waiting room”. Usually, before the accession of some EU member state to the European Economic and Monetary Union (EMU), the analysis of the monetary transmission mechanism is performed in order to examine the compliance and readiness of the country for the common monetary policy. For the sake of the analysis, the vector autoregressive (VAR) model is applied. Results indicate relatively strong significance of the bank interest rate in terms of its impact on other variables, i.e., the real gross domestic product, prices, money supply and the real effective domestic exchange rate. As well, the results indicate that the bank interest rate is an exogenous variable that is not affected by other domestic variables.
Monetary transmission mechanism, Monetary policy, Banking, Croatia, VAR analysis
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
Podaci o prilogu
209-232.
objavljeno
10.1007/978-3-030-75444-0_8
Podaci o knjizi
Vidaković, Neven ; Lovrinović, Ivan
Cham: Springer ; Palgrave Macmillan
2021.
978-3-030-75443-3