Abstract
The subject of the research is an analysis of the role of central banks in the financial derivatives market and the role of the National Bank of Serbia as an intermediary in order to enable efficient hedging against currency risk. The research was conducted on the basis of the method of analysis and synthesis of available data on the market of the Republic of Serbia. The research results indicate that the domestic financial derivatives market is underdeveloped. Their use has been low in the previous period. Some progress has been noticed in the development of the futures market, and a bilateral swap arrangement between the National Bank of Serbia and the National Bank of China has been concluded as one of the steps. In order to improve the secondary market, it is necessary to develop legal regulations, to grow and develop concluded derivative arrangements with other countries, as well as to educate and raise awareness of the usefulness of using derivative instruments.
Highlights
Sastavni deo svakog privrednog sistema jedne zemlje jeste finansijski sistem
Dalje u radu će biti prikazana analiza izveštaja banaka na osnovu podataka koji se odnose na finansijske derivate i to između banke i inostranog subjekta, banke i domaćeg subjekta, kao i između dve banke sa domaćeg tržišta
Na osnovu analize tabele broj 3. može se utvrditi da je učešće u zaključivanju forvarda najveće između rezidenata i banke i to u iznosu od 2,25 milijardi evra
Summary
Predmet ovog rada je utvrđivanje uloge koju centralne banke imaju na tržištu finansijskih derivata. Pažnja će se posvetiti i ulozi Narodne banke Srbije. Cilj ovog rada je da se na osnovu relevantne literature izvrši analiza upotrebe derivatnih instrumenata u kontekstu zaštite od valutnog rizika na domaćem tržištu, dok se Narodna banka Srbije posmatra kao posrednik u aukciji svop kupoprodaje deviza. Kao i sinteza predstavljaju dve osnovne metode koje će se u radu koristiti
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