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master's thesis
MONETARNA NEOVISNOST U DOBA FINANCIJSKE GLOBALIZACIJE
Diplomski rad
Split: University of Split, Faculty of economics Split, 2020. urn:nbn:hr:124:152587
Perica, Klara
University of Split
Faculty of economics Split

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Perica, K. (2020). MONETARNA NEOVISNOST U DOBA FINANCIJSKE GLOBALIZACIJE : Diplomski rad (Master's thesis). Split: University of Split, Faculty of economics Split. Retrieved from https://urn.nsk.hr/urn:nbn:hr:124:152587

Perica, Klara. "MONETARNA NEOVISNOST U DOBA FINANCIJSKE GLOBALIZACIJE : Diplomski rad." Master's thesis, University of Split, Faculty of economics Split, 2020. https://urn.nsk.hr/urn:nbn:hr:124:152587

Perica, Klara. "MONETARNA NEOVISNOST U DOBA FINANCIJSKE GLOBALIZACIJE : Diplomski rad." Master's thesis, University of Split, Faculty of economics Split, 2020. https://urn.nsk.hr/urn:nbn:hr:124:152587

Perica, K. (2020). 'MONETARNA NEOVISNOST U DOBA FINANCIJSKE GLOBALIZACIJE : Diplomski rad', Master's thesis, University of Split, Faculty of economics Split, accessed 19 April 2024, https://urn.nsk.hr/urn:nbn:hr:124:152587

Perica K. MONETARNA NEOVISNOST U DOBA FINANCIJSKE GLOBALIZACIJE : Diplomski rad [Master's thesis]. Split: University of Split, Faculty of economics Split; 2020 [cited 2024 April 19] Available at: https://urn.nsk.hr/urn:nbn:hr:124:152587

K. Perica, "MONETARNA NEOVISNOST U DOBA FINANCIJSKE GLOBALIZACIJE : Diplomski rad", Master's thesis, University of Split, Faculty of economics Split, Split, 2020. Available at: https://urn.nsk.hr/urn:nbn:hr:124:152587

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Metadata
TitleMONETARNA NEOVISNOST U DOBA FINANCIJSKE GLOBALIZACIJE : Diplomski rad
AuthorKlara Perica
MentorMario Pečarić (mentor)
MBZ: 008060
GranterUniversity of Split
Faculty of economics Split
Split
Defense date and country2020-09, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Finance
Abstract
U ovom radu cilj je bio definirati pojam i značenje monetarne neovisnosti te istražiti mogućnost postizanja stupnja neovisnosti u vođenju monetarne politike u financijski integriranom svijetu. Prvo su se objasnili i kritički analizirali teorijski koncepti koji opisuju međuodnos monetarne politike, kapitalnih tokova i tečajnih režima kao što su Mundell-Flemingova Trilema, Kvadrilema i Dilema, a opisana je i hipoteza izvornog grijeha, kao alternativno objašnjenje djelovanja financijske globalizacije. U radu su prikazana i istraživanja ostalih autora te predstavljeni glavni zaključci vezani za konkretnu temu. Naposljetku, formiran je empirijski model o utjecaju kretanja inozemne na domaću kamatnu stopu čiji su rezultati doveli do prihvaćanja svih triju postavljenih hipoteza. Zaključak je da u promatranim zemljama postoji značajan transmisija inozemne na domaću kamatnu stopu. Financijska otvorenost utječe na smanjenje, a akumulacija rezervi na rast stupnja monetarne neovisnosti, dok izbor tečajnog režima ipak nije značajan.
Abstract (english)
The aim of this paper was to define the concept and meaning of monetary independence and to explore the possibility of achieving a degree of monetary policy independence in a financially integrated world. Theoretical concepts describing the relationship between monetary policy, capital flows, and exchange rate regimes such as Mundell-Fleming’s Trilemma, Quadrilemma, and Dilemma were explained and critically analyzed. In addition, Original sin is described, as an alternative explanation of financial globalization. The paper also presents research and the main conclusions made by other authors related to this topic. Finally, an empirical model was formed describing the impact of movements in the foreign interest rate on the domestic interest rate and the results led to the acceptance of all three hypotheses. The conclusion is that there is a significant transmission of foreign to domestic interest rates in the observed countries. Greater financial openness reduces, and accumulation of reserves increases the degree of monetary independence, while the choice of exchange rate regime is insignificant.
Keywords
Keywords (english)
Languagecroatian
URN:NBNurn:nbn:hr:124:152587
Study programmeTitle: Economics
Study programme type: university
Study level: graduate
Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
Type of resourceText
File originBorn digital
Access conditionsOpen access
Terms of useLicence In copyright icon
RepositoryREFST
Created on2020-09-21 10:32:33