National Repository of Dissertations in Serbia
    • English
    • Српски
    • Српски (Serbia)
  • English 
    • English
    • Serbian (Cyrilic)
    • Serbian (Latin)
  • Login
View Item 
  •   NaRDuS home
  • Универзитет у Нишу
  • Економски факултет
  • View Item
  •   NaRDuS home
  • Универзитет у Нишу
  • Економски факултет
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Valutna supstitucija : uzroci i posledice

Thumbnail
2017
Disertacija.pdf (7.238Mb)
Pepic_Marina.pdf (448.5Kb)
Author
Pepić, Marina R.
Mentor
Marinković, Srđan
Committee members
Krstić, Borko
Živković, Aleksandar
Metadata
Show full item record
Abstract
Currency substitution exists when currency of some other country is used parallel to or instead of the domestic currency, while foreign currency can take over from the local currency some or all of the functions of money. Currency substitution is typical for almost all developing countries and transition economies. Since it increases financial vulnerability and limits the monetary policy effectiveness, it is often in the focus of scientists and experts. However, it seems that our literature has not paid sufficient attention to this phenomenon, despite the fact that with over 70% of the assets and liabilities of the banking sector in foreign currency, Serbia is one of the countries with the highest degree of euroization in Europe. Therefore, this dissertation aims to systematize the existing theoretical knowledge about this issue and comprehensively examine the phenomenon of currency substitution. The paper analyzes the significance of the seven determinants of credit euroi...sation in the ten countries of Central and Southeast Europe for the period 2003-2015. The analysis shows that the average inflation rate, the difference between the reference rate of the national central banks and the ECB rate, and the share of foreign currency liabilities in total liabilities have a statistically significant impact on the amount of credit euroisation. Particular attention has been paid to ten determinants of euroisation in Serbia in the period 2009-2016. In this case, statistically significant factors of euroisation of loans are average rate of inflation, the difference between the reference rate of the NBS and the ECB rate.

Faculty:
University of Niš, Faculty of Economy
Date:
08-04-2017
Keywords:
Valutna supstitucija / Currency substitution / efikasnost monetarne politike / finansijska osetljivost / zvanična dolarizacija / dedolarizacija / the effectiveness of monetary policy / financial vulnerability / official dollarization / dedollarization
[ Google Scholar ]
URI
http://eteze.ni.ac.rs/application/showtheses?thesesId=5121
http://nardus.mpn.gov.rs/handle/123456789/8424
https://fedorani.ni.ac.rs/fedora/get/o:1367/bdef:Content/download
http://vbs.rs/scripts/cobiss?command=DISPLAY&base=70052&RID=533890966

DSpace software copyright © 2002-2015  DuraSpace
About NaRDus | Contact us

OpenAIRERCUBRODOSTEMPUS
 

 

Browse

All of DSpaceUniversities & FacultiesAuthorsMentorCommittee membersSubjectsThis CollectionAuthorsMentorCommittee membersSubjects

DSpace software copyright © 2002-2015  DuraSpace
About NaRDus | Contact us

OpenAIRERCUBRODOSTEMPUS