Pregled bibliografske jedinice broj: 556452
Asset Prices Channel of Monetary Transmission in the Republic of Croatia
Asset Prices Channel of Monetary Transmission in the Republic of Croatia // Toward Global Governance / Božina, Lovre ; Gonan Božac, Marli ; Krtalić, Sandra (ur.).
Pula: Sveučilište Jurja Dobrile u Puli, 2011. str. 1-18
CROSBI ID: 556452 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Asset Prices Channel of Monetary Transmission in the
Republic of Croatia
Autori
Benazić, Manuel ; Učkar, Dean
Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni
Knjiga
Toward Global Governance
Urednik/ci
Božina, Lovre ; Gonan Božac, Marli ; Krtalić, Sandra
Izdavač
Sveučilište Jurja Dobrile u Puli
Grad
Pula
Godina
2011
Raspon stranica
1-18
ISBN
978-953-7498-46-7
Ključne riječi
Asset prices channel, Monetary transmission mechanism, Croatia, VAR model
Sažetak
Through the research conducted in this article, authors tried to establish the abovementioned connection between monetary policy and asset prices, i.e. it was analyzed the asset prices channel transmission mechanism of monetary policy. According to the authors’ expectations and the research results of other authors, such connection was determined in Croatian monetary system as well. By its orientation, this research incline towards those researches which do not propagate a direct interference of monetary policy into asset prices regulation, but into examination of asset prices changes as an indicators of future inflation. Direct interference of monetary policy into asset prices regulation in Croatia is not even possible due to the low capital market capitalization. In such conditions, any interference of central bank into capital market would have a strong signal effect and a significant disturbance of supply and demand relationship. Furthermore, with its low capitalization, the influence of capital market to the real conditions in Croatian economy is negligible and mostly demonstrates its speculative character.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
MZOS-303-0000000-2592 - Koliko države ili kakav sustav javnih financija treba Hrvatskoj u 21. stoljeću? (Krtalić, Sandra, MZOS ) ( CroRIS)
145-0000000-2592 - Koliko države ili kakav sustav javnih financija treba Hrvatskoj u 21. stoljeću?
Ustanove:
Sveučilište Jurja Dobrile u Puli