Upravljanje rizikom likvidnosti banaka u tranzicijskim drzavama

Abstract

Banks are the most important financial institution in transition countries Therefore all other sectors depend on banks safety, stability and its risk management skills. With their function of intermediaries they have strong influence on economic growth. However, they can not fulfil their function of intermediaries if they become illiquid, which additional raises the in confidence in banking sector and possibility of bank crises. Banks like the other firms borrow money and transform it in different forms of assets. Liquidity risk present possibility of negative consequences on bank's liquidity under impact of different events, like withdraws deposits. Goals of liquidity management includes: estimation of all cash outflow liabilities on daily basis, settlement of minimum reserve requirements and avoidance of additional cost of emergency borrowing and forced liquidation of assets. The basic challenge for bank's liquidity management is uncertainty about clients' behavior and inter-dependencies between taking credits and deposit withdrawing. Therefore, banks must create safety zone for liquidity risk and adopt BIS Sound principles for managing liquidity risk in order to improve liquidity management.