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Croatian National Bank
The Croatian National Bank ( hr, Hrvatska narodna banka or HNB; ) is the central bank of the Republic of Croatia. HNB was established by the Constitution of Croatia which was passed by the Parliament of Croatia on 21 December 1990. Its main responsibilities are maintaining the stability of the national currency, the kuna, and ensuring general financial liquidity within the country. HNB also issues banknotes and holds the national monetary reserves. In performing its duties HNB acts as an independent institution responsible to the Parliament. The bank has a share capital of 2,500,000,000 Croatian kunas (c. US$ 450 million). HNB acts in accordance with ''Law on Croatian National Bank''. Foundation On 21 December 1990 the Constitution of Croatia, determined in article 53,Sabor Republike HrvatskeUstav Republike Hrvatske Narodne novine. Retrieved 2011-08-29 named the Croatian National Bank as Croatia's central bank, and declared its responsibilities: "Croatian National Bank is ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Nacional, Zagreb, Croacia, 2014-04-20, DD 01
Banco may refer to: Places * Banc (Barcelona Metro), also called Banco, a closed metro stop on the Barcelona metro * Banco, Virginia, an unincorporated community * Banco, West Virginia, an unincorporated community * Banco National Park, a national park in Côte d'Ivoire * Banko, Guinea, a town and sub-prefecture in the Dabola Prefecture in the Faranah Region * Banko, Mali, a rural commune and village in the Cercle of Dioïla in the Koulikoro Region * Banko, a town in the Sekyere Kumawu district og Ghaba Arts and architecture * ''Banco'' (Banco del Mutuo Soccorso album), 1975 album by Italian progressive rock band Banco del Mutuo Soccorso * ''Banco'' (Sir Michael Rocks album), 2014 album by American rapper Sir Michael Rocks * ''Banco'' (novel), 1972 autobiography by Henri Charrière * Banco architecture, a West African type of mudbrick, and the architecture made with it * Banco (building material); fermented mud; made by fermenting mud with rice husks * Banco (typeface), a de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1990
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Of Croatia
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European System Of Central Banks
The European System of Central Banks (ESCB) is an institution that comprises the European Central Bank (ECB) and the national central banks (NCBs) of all 27 member states of the European Union (EU). Its objective is to ensure price stability throughout the EU, and improve monetary and financial cooperation between eurozone and non-eurozone member states of the EU. Organization The process of decision-making in the Eurosystem is centralized through the decision-making bodies of the ECB, namely the Governing Council and the Executive Board. As long as there are EU member states which have not adopted the euro, a third decision-making body, the General Council, shall also exist. The NCBs of the Member States that do not participate in the euro area are members of the ESCB with a special statuswhile they are allowed to conduct their respective national monetary policies, they do not take part in the decision-making with regard to the single monetary policy for the euro area and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donji Grad, Zagreb
Donji grad (, locally also , "Lower Town") is one of the 17 city districts of Zagreb, the capital of Croatia , image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = " Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capi .... It is located in the central part of the city and has 37,024 inhabitants (as of 2011). The official name of the district is rarely used, for it is dubbed ''centar'' (center) by most Zagreb residents even though "centar" encompasses some southern parts of district Gornji Grad-Medveščak. Gallery DonjiGrad.jpg, Donji grad night skyline DonjiGrad3.jpg, Donji grad skyline DonjiGrad6.jpg, Donji grad skyline Mimara Museum, Zagreb 02.jpg, Mimara Museum Regional office of the city administration center, Zagreb 01.jpg, Regional office of the city administration center References External links List of streets and squares wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank (" lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Croatia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Croatia
The economy of Croatia is a high-income service based social market economy with the tertiary sector accounting for 70% of total gross domestic product (GDP). Croatia joined the World Trade Organization in 2000, NATO in 2009 and became a member of the European Union on 1 July 2013. Croatia is about to Join the Eurozone on January 1st 2023 and adopt € as national currency. On the same date Croatia will also join the Schengen Area as 28th member of the organization. Croatia is also negotiating membership of OECD organization, which it hopes to join in coming years. the 2008 Global Financial Crisis badly affected Croatian economy which saw significant downturn in economic growth as well as progress in economic reform which resulted in six years of recession and a cumulative decline in GDP of 12.5%. Croatia formally emerged from the recession in the fourth quarter of 2014, and had continuous GDP growth until 2020. The Croatian economy reached pre crisis levels in 2019, but due t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Željko Rohatinski
Željko Rohatinski (3 August 1951 – 12 December 2019) was a Croatian economist who served as Governor of the Croatian National Bank from 2000 to 2012. Early life Rohatinski graduated from the University of Zagreb Faculty of Economics in 1974, where he also received his doctorate in 1988 with a thesis titled ''Vremenska dimenzija ekonomske aktivnosti društva'' ( en, The Dimension of Time in Society's Economic Activities). Career He started his professional career in 1974 as an intern at Croatia's Republic Bureau of Planning, and was appointed general manager of the Bureau in 1989. In 1990 he was appointed Head of the Macroeconomic Analysis and Policy Division at the Zagreb Institute of Economics, which he managed until 1998, when he became Chief Economist at Privredna banka Zagreb, where he worked until April 2000, when he took up the post of Director for Macroeconomic Analyses at Agrokor. He left that post in July 2000 upon being appointed Governor of the Croatian National Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marko Škreb
Marko Škreb (born 8 May 1957) is a Croatian economist who served as Governor of the Croatian National Bank from 1996 to 2000. Škreb graduated from the Zagreb Faculty of Economics in 1980. After spending time at the Boulder Economics Institute and University of Pittsburgh he returned to Zagreb and received his doctorate in 1990. In 1991 he started teaching at the Zagreb Faculty of Economics and in 1992 he became the director of the analysis department of the Croatian National Bank (HNB). In 1995 he was appointed President Franjo Tuđman's economic advisor and in 1996 he was appointed Governor of the HNB. His term ended in 2000 when he was succeeded by Željko Rohatinski. After 2000 he worked for the International Monetary Fund and the World Bank and in that capacity advised the Central Bank of Albania and the Central Bank of Bosnia and Herzegovina. He also took part in their projects in Montenegro, Kosovo, Romania and Ukraine. In September 2007 he was appointed Chief economis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
