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master's thesis
UTJECAJ MAKROEKONOMSKIH FUNDAMENATA NA TROŠAK ZADUŽIVANJA UVOĐENJEM EURA U RH
Diplomski rad
2021. urn:nbn:hr:124:426270
Zelić, Barbara
University of Split
Faculty of economics Split

Cite this document

Zelić, B. (2021). UTJECAJ MAKROEKONOMSKIH FUNDAMENATA NA TROŠAK ZADUŽIVANJA UVOĐENJEM EURA U RH : Diplomski rad (Master's thesis). Split: University of Split, Faculty of economics Split. Retrieved from https://urn.nsk.hr/urn:nbn:hr:124:426270

Zelić, Barbara. "UTJECAJ MAKROEKONOMSKIH FUNDAMENATA NA TROŠAK ZADUŽIVANJA UVOĐENJEM EURA U RH : Diplomski rad." Master's thesis, University of Split, Faculty of economics Split, 2021. https://urn.nsk.hr/urn:nbn:hr:124:426270

Zelić, Barbara. "UTJECAJ MAKROEKONOMSKIH FUNDAMENATA NA TROŠAK ZADUŽIVANJA UVOĐENJEM EURA U RH : Diplomski rad." Master's thesis, University of Split, Faculty of economics Split, 2021. https://urn.nsk.hr/urn:nbn:hr:124:426270

Zelić, B. (2021). 'UTJECAJ MAKROEKONOMSKIH FUNDAMENATA NA TROŠAK ZADUŽIVANJA UVOĐENJEM EURA U RH : Diplomski rad', Master's thesis, University of Split, Faculty of economics Split, accessed 26 December 2024, https://urn.nsk.hr/urn:nbn:hr:124:426270

Zelić B. UTJECAJ MAKROEKONOMSKIH FUNDAMENATA NA TROŠAK ZADUŽIVANJA UVOĐENJEM EURA U RH : Diplomski rad [Master's thesis]. Split: University of Split, Faculty of economics Split; 2021 [cited 2024 December 26] Available at: https://urn.nsk.hr/urn:nbn:hr:124:426270

B. Zelić, "UTJECAJ MAKROEKONOMSKIH FUNDAMENATA NA TROŠAK ZADUŽIVANJA UVOĐENJEM EURA U RH : Diplomski rad", Master's thesis, University of Split, Faculty of economics Split, Split, 2021. Available at: https://urn.nsk.hr/urn:nbn:hr:124:426270

Metadata
TitleUTJECAJ MAKROEKONOMSKIH FUNDAMENATA NA TROŠAK ZADUŽIVANJA UVOĐENJEM EURA U RH : Diplomski rad
AuthorBarbara Zelić
MentorMario Pečarić (mentor)
MBZ: 008060
GranterUniversity of Split
Faculty of economics Split
Split
Defense date and country2021-06, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Finance
Abstract
U literaturi o pozitivnim pretpostavljenim učincima uvođenja eura često se naglašavaju niže kamatne stope, odnosno trošak zaduživanja. Trošak zaduživanja rezultat je niza čimbenika. U radu se istražuje odnos troška zaduživanja i makroekonomskih fundamenata na primjeru Hrvatske. Rad je iniciran pretpostavkom da će uvođenje eura dovesti do nižeg troška zaduživanja tj. CDS spreadova. Istraživanje pokazuje da uvođenje eura prikazano na primjeru Španjolske i Portugala dovodi u dobrim vremenima do nižeg troška zaduživanja, ali dugoročno je trošak zaduživanja ovisan o makroekonomskim fundamentima zemlje. Koristeći dijagrame rasipanja prikazani su odnosi makroekonomskih fundamenata i kretanja troška zaduživanja. Dijagrami slijede već dokazane odnose u prethodnim istraživanjima. Tako viša stopa gospodarskog rasta, niži proračunski deficit i viši devizni depoziti smanjuju CDS spreadove. Dakle, samo uvođenje eura može dovesti do pada kamatnih stopa, ali dugoročan pad kamatnih stopa je prvenstveno rezultat gospodarske strategije temeljene na jasnim makroekonomskim fundamentima.
Abstract (english)
The literature on the assumed positive effects of euro adoption often emphasizes lower interest rates, i.e. the cost of borrowing. The cost of borrowing is the result of a number of factors. The paper examines the relationship between borrowing costs and macroeconomic fundamentals using Croatia as an example. The paper assumes that the introduction of the euro will lead to a reduction in the cost of borrowing, i.e. CDS spreads. Using Spain and Portugal as examples, the study shows that the introduction of the euro leads to lower borrowing costs in good times, but in the long run borrowing costs depend on the macroeconomic fundamentals of the country. Scatter plots are used to illustrate the relationships between macroeconomic fundamentals and the evolution of borrowing costs. The diagrams follow the relationships already demonstrated in previous studies. Thus, higher economic growth, lower fiscal deficit and higher foreign currency deposits reduce CDS spreads. Thus, the introduction of the euro can lead to a decline in interest rates, but a long-term decline in interest rates is mainly the result of an economic strategy based on clear macroeconomic fundamentals.
Keywords
Keywords (english)
Languagecroatian
URN:NBNurn:nbn:hr:124:426270
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 conditionsAccess restricted to students and staff of home institution
Terms of useLicence In copyright icon
Created on2021-07-05 14:44:51