Naslov
Banking of Croatia in the Kingdom of Yugoslavia

Autori
Benić-Penava, Marija

Izvornik
Ekonomìka rozvitku (1683-1942) 66 (2013), 2; 10-15

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Croatia; banking; the Kingdom of Yugoslavia

Sažetak
This paper explores banking in Croatia in the interwar period on the basis of relevant economic and historical literature and archive materials. Croatia, i.e. Zagreb, became the center of economic power in the new Kingdom of Yugoslavia which arose after World War I. The citizens trusted the private Croatian banks more than the newly founded state banks. Croatian banks financed the economic growth of the new Yugoslav state and the main investor of Croatian industry in the 1920s was "Prva hrvatska štedionica" bank. Due to the conflict of interest in financial capital between Zagreb and Belgrade, the National Bank in the state "Narodna banka Kraljevine Jugoslavije" didn’t intervene in time to save this leading Croatian bank in the 1931 crisis. Thus weakened and rehabilitated, "Prva hrvatska štedionica" bank lost its leading role in the region. The exceptions to banking downfall in Croatia were the banks in its far South that turned their banking to the service industry which was less affected by the great economy crisis than the industry. The initial weakening of the Croatian economy after 1918 started in the field of monetary politics, yet the collapse of Croatian private banking which occurred after 1918 in the field of monetary politics, as well as the fall of private banking in Croatia after the Great Depression, totally destroyed the economic domination of former Austro-Hungarian provinces in the Kingdom of Yugoslavia. The result was a smashup of the Croatian banks because of losing the main source of financing and investments info its economy.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Povijest

POVEZANOST RADA