Naslov
Impact of monetary policy on the banking system in Croatia

Autori
Prohaska, Zdenko ; Olgić Draženović, Bojana ; Suljić, Stella

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
The future of economics : between rules and discretion

Urednik/ci
Marli, Gonan Božac ; Ribnikar, Ivan

Izdavač
Sveučilište Jurja Dobrile u Puli

Grad
Pula

Godina
2013

Raspon stranica
181-204

ISBN
978-953-7498-71-9

Ključne riječi
banking system, global crisis, Croatian National Bank, price stability, exchange rate, Croatia

Sažetak
The Croatian financial system is characterized by the domination of banks. Banks are the most important financial institutions and bank credits are the most common type of external financing. Although their influence declined in the last 10 years because of rapid development of non-deposit financial institutions, banks are still the leading institutions in the Croatian financial system. Monetary policy in Croatia has been successful in reducing inflation by using the exchange rate as the nominal anchor. The primary objective of the Croatian National Bank is to preserve price stability. During the crisis, the Croatian National Bank helped the banking system in a way that it had several times reduced the reserve requirement rate and the minimum rate of foreign currency. Given the important role of the banking system in Croatia during the current financial crisis, this paper examines the efforts of the Croatian National Bank to deal with problems of reduced liquidity.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Postgraduate doctoral program, 2013

POVEZANOST RADA