Utjecaj inflacije na tržište kapitala u Republici Hrvatskoj

undergraduate thesis

• Title (english): The impact of inflation on the capital market in the Republic of Croatia
• Author: Borna Trubelja
• Mentor: Jakša Krišto (mentor)
• Committee member: Jakša Krišto (predsjednik povjerenstva)
• Committee member: Sanja Broz Tominac (član povjerenstva)
• Committee member: Branka Tuškan Sjauš (član povjerenstva)
• Granter: University of Zagreb; Faculty of Law; (Financial Law and Financial Science); Zagreb
• Defense date and country: 2024-09-25, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Law

Abstract

U ovom završnom radu bit će provedena analiza utjecaja inflacije na tržište kapitala Republike Hrvatske. U prvom dijelu prikazat će se makroekonomsko stanje Republike Hrvatske, glavni indikatori koji pomažu u određivanju makroekonomskog stanja pojedine države s dodatnom pozornošću na inflaciju. Nadalje, usporedit će se stopa inflacije u Republici Hrvatskoj s onom u Europskoj uniji te razmotriti reakcije središnjih banaka u njihovim naporima za suzbijanje inflacije. U drugom dijelu rada definirat će se tržište kapitala, njegovi financijski instrumenti i akteri te predstaviti organizacijska struktura Zagrebačke burze. U trećem dijelu rada istražit će se kako inflacija utječe na dinamiku cijena dionica na hrvatskoj burzi te likvidnost i indeksi ZSE. Rezultati će se usporediti s nekim od vodećih svjetskih burza. Završni dio rada bavit će se utjecajem inflacije na obveznice u Republici Hrvatskoj. Analizirat će se kako promjene u inflaciji utječu na prinos obveznica i opću atraktivnost duga kao investicijske opcije. Cilj ovog rada pružiti je sveobuhvatan pregled i analizu utjecaja inflacije na tržište kapitala, uz paralele s globalnim okruženjem.

Abstract (english)

In this final paper, an analysis of the impact of inflation on the capital market of the Republic of Croatia will be conducted. The first section will present the macroeconomic state of the Republic of Croatia, highlighting the main indicators that assist in determining the macroeconomic condition of a given country, with special emphasis on inflation. Furthermore, the inflation rate in the Republic of Croatia will be compared with that of the European Union, and the responses of central banks in their efforts to curb inflation will be examined. In the second section, the capital market will be defined, including its financial instruments and participants, and the organizational structure of the Zagreb Stock Exchange will be presented. The third section will explore how inflation affects stock price dynamics on the Croatian stock exchange, as awell as the liquidity and indices of the ZSE. The results will be compared with some of the leading stock exchanges in the world. The final section of the paper will address the impact of inflation on bonds in the Republic of Croatia. The analysis will focus on how changes in inflation affect bond yields and the overall attractiveness of debt as an investment option. The goal of this paper is to provide a comprehensive overview and analysis of the impact of inflation on the capital market, with parallels drawn to the global environment.

• Keywords: inflacija; tržište kapitala; središnja banka; dionice; obveznice; Zagrebačka burza
• Keywords (english): inflation; capital market; central bank; stocks; bonds; Zagreb Stock Exchange
• Language: croatian
• URN:NBN: urn:nbn:hr:199:255811
• Study programme: Title: Tax; Study programme type: professional; Study level: undergraduate; Academic / professional title: prvostupnik/prvostupnica (baccalaureus/baccalaurea) porezne struke (prvostupnik/prvostupnica (baccalaureus/baccalaurea) porezne struke)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2024-10-02 11:55:41