THE ANALYSIS OF MACROECONOMIC DETERMINANTS OF THE BANKING SECTOR LIQUIDITY WITH ROLE IN FINANCING AGRICULTURAL SECTOR
DOI:
https://doi.org/10.5937/ekoPolj1702533MKeywords:
macroeconomic factors, the banking sector liquidity, statistical methods, agricultural development.Abstract
In this study, we aimed to identify the factors of the greatest impact on the banking sector liquidity in order to support agricultural business. The main goal of the research is based on the assessment of whether and how the variation of macroeconomic factors affect the exposure of the banking sector to liquidity risk, which is determined by the willingness of the banking sector to respond to the growing fnancial needs of agriculture. By using the appropriate statistical methods such as correlation and multiple regression analysis, we obtained signifcant results that can form the basis for monitoring and measuring il/liquidity of the banking sector in relation to the real agricultural sector. The obtained results confrm inflation and unemployment rates as determinants of liquidity in the banking sector. More importantly, this can help to plan, i.e. predict the funds for agricultural sector.
Downloads
Download data is not yet available.
References
1. Alihodžic, A. (2015): Međusobna uslovljenost performansi bankarskog i realnog sektora Republike Srbije, Bankarstvo 2, UDK 336.71:338.1(497.11)"2008/2014", Udruženje banaka Srbije, Beograd, Srbija.
2. Basel Committee on Banking Supervision (2000): Sound Practices for Managing Liquidity on Banking Organisations, Basel, Switzerland, (Available at: http://www.bis.org/publ/bcbs69.pdf)
3. Cvetinovic, M. (2008): Upravljanje rizicima u fnansijskom poslovanju, Univerzitet Singidunum, Beograd., Srbija.
4. Ćirovic, M. (2008): Bankarstvo, Bridge Company, Beograd, Srbija.
5. Jurman, A., (2004): Rizik likvidnosti u poslovnoj banci, Zbornik Pravnog fakulteta Sveucilišta u Rijeci, Vol. 25, no. 2, Rijeka, Hrvatska.
6. Klincov, R., Majstorovic, A., Miloradic, J. (2017): Vrednovanje rizika u fnansijskom menadžmentu, Oditor, Belgrade, Serbia, Vol. 3, No. 1, pp. 114-125.
7. Lukic, S., Cvetkovic, S. (2012):Razvojne banke kao oslonac u kreditiranju poljoprivrede, Civitas – casopis za društvena istraživanja, Fakultet za pravne i poslovne studije dr Lazar Vrkatic, UDK 336.77/.78:631, Novi Sad, Srbija.
8. Narodna banka Srbije (2010): Godišnji izveštaj o poslovanju i rezultatima rada u 2010. godini, (Available at: http://www.nbs.rs/export/sites/default/internet/latinica/90/90_4/godisnji_izvestaj_2010.pdf )
9. Narodna banka Srbije (2016): Izveštaj o inflaciji – Februar 2016. godine. (Available at: http://www.nbs.rs/export/download/pdf_ioi/ioi_02_2016.pdf)
10. Narodna banka Srbije (2015).:Godišnji izveštaj o poslovanju i rezultatima rada u 2015. godini, (Available at: http://www.nbs.rs/export/sites/default/internet/latinica/90/90_4/godisnji_izvestaj_2015.pdf )
11. Narodna Banka Srbije, (2016): Bankarski sektor u Srbiji, Izveštaj za III tromesečje 2016. godine, (Available at: https://www.nbs.rs/internet/latinica/55/55_4/kvartalni_izvestaj_III_16.pdf)
12. Narodna banka Srbije (2015): Statistički bilten,.(Available at: http://www.nbs.rs/static/nbs_site/gen/latinica/90/statisticki/sb_12_15.pdf )
13. Narodna banka Srbije (2011): Odluka o upravljanju rizicima, (Available at: http://www.nbs.rs/export/sites/default/internet/latinica/20/kpb/upravljanje_rizicima.pdf )
14. Narodna banka Srbije (2016): Tromesečni pregled kretanja indikatora fnansijske stabilnosti Republike Srbije, (Available at http://www.nbs.rs/internet/latinica/18/pregled_grafkona.pdf )
15. Radovic, G. (2015): Finansiranje poljoprivrede u Republici Srbiji: iskustva i mogućnosti, Ekonomija - teorija i praksa, godina VIII, broj 4, Novi Sad, Srbija . (Available at: http://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2015/2217-54581504013R.pdf)
16. Racic, Ž. (2014): Uticaj osnovnih makroekonomskih pokazatelja na likvidnost bankarskog sektora Srbije, Škola biznisa, broj 2/2014, UDC 336.71(497.11), DOI 10.5937/skolbiz2-6916, Novi Sad, Srbija.
17. Offcial gazette of the RS, 129/2007., Odluka o upravljanju rizikom likvidnosti banke, Srbija.
18. Saunders, A. (2000): Financial Institutions Management, The McGraw-Hill/ Irwin Series in Finance, Insurance, and Real Estate Irwin, New York, (Available at: http://www.bulentsenver.com/FIN5477/Financial_Institutions_Management_AntonySaunders_TextBook.pdf)
19. Trenca, I., Petria, N., Mutu, S., Corovei, E. (2012): Evaluating the liquidity determinats in the central and eastern European banking system, Finance-Challenges of the Future, Year XII, No.14/2012, 85–90, Faculty of Economics and Business Administration, Univeristy of Craiova, (Available at: http://feaa.ucv.ro/FPV/014-11.pdf)
20. Treci poljoprivredni forum, Hrana za Evropu, Investirajno u agroprivredu Srbije, Subotica, 17-19. October 2013. Godine
21. Van, G. Bratanovic-Brajlovic S. (2003): Analyzing and Managing Banking Risk – A Framework for Assesing Corporate Governance and Financial Risk, The World Bank, Washington D.C., USA, (Available at: http://documents.worldbank.org/curated/en/310191468350113153/pdf/multi0page.pdf)
22. Uprava za agrarna placanja, Ministarstvo poljoprivrede i zaštite životne sredine, Strategija poljoprivrede i ruralnog razvoja Republike Srbije za period 2014-2024. godine ("Offcial gazette of the RS" no. 85/2014) (Available at: http://uap.gov.rs/wpcontent/uploads/2016/05/STRATEGIJA-2014-2020-.pdf )
23. Vodová, P. (2013): Determinants which affect liquid assets ratio of Czech and Slovak commercial banks. Financial Assets and Investing, No. 1/2013, DOI: 10.5817/FAI2013- 1-2
24. Vodová, P. (2011): Determinants of Commercial Banks Liquidity in Slovakia, Czech Science Foundation. (Project GACR P403/11/P243). (Available at: http://www.opf.slu.cz/kf/icfb/proc2011/pdf/65_vodova.pdf)
25. Veselinovic, B., Drobnjakovic M. (2014): Qualitative and quantitative analysis of micro and macro aspects of agricultural fnance, Economics of agriculture, Vol.61,No.3,771-787, Naucno društvo agrarnih ekonomista Balkana, Beograd. Srbija. (Available.at: http://ageconsearch.umn.edu/bitstream/186525/2/15%20EP%203%202014.pdf )
26. Zakic, V., Klјajic, N. (2016): Analiza stanja fnansijske pismenosti polјoprivrednih proizvođača i modeli fnansiranja polјoprivredne proizvodnje u Republici Srbiji, Unapređenje fnansijskih znanja i evidencije na polјoprivrednim gazdinstvima u Republici Srbiji, Institut za ekonomiku polјoprivrede Beograd, Beograd, Srbija.
2. Basel Committee on Banking Supervision (2000): Sound Practices for Managing Liquidity on Banking Organisations, Basel, Switzerland, (Available at: http://www.bis.org/publ/bcbs69.pdf)
3. Cvetinovic, M. (2008): Upravljanje rizicima u fnansijskom poslovanju, Univerzitet Singidunum, Beograd., Srbija.
4. Ćirovic, M. (2008): Bankarstvo, Bridge Company, Beograd, Srbija.
5. Jurman, A., (2004): Rizik likvidnosti u poslovnoj banci, Zbornik Pravnog fakulteta Sveucilišta u Rijeci, Vol. 25, no. 2, Rijeka, Hrvatska.
6. Klincov, R., Majstorovic, A., Miloradic, J. (2017): Vrednovanje rizika u fnansijskom menadžmentu, Oditor, Belgrade, Serbia, Vol. 3, No. 1, pp. 114-125.
7. Lukic, S., Cvetkovic, S. (2012):Razvojne banke kao oslonac u kreditiranju poljoprivrede, Civitas – casopis za društvena istraživanja, Fakultet za pravne i poslovne studije dr Lazar Vrkatic, UDK 336.77/.78:631, Novi Sad, Srbija.
8. Narodna banka Srbije (2010): Godišnji izveštaj o poslovanju i rezultatima rada u 2010. godini, (Available at: http://www.nbs.rs/export/sites/default/internet/latinica/90/90_4/godisnji_izvestaj_2010.pdf )
9. Narodna banka Srbije (2016): Izveštaj o inflaciji – Februar 2016. godine. (Available at: http://www.nbs.rs/export/download/pdf_ioi/ioi_02_2016.pdf)
10. Narodna banka Srbije (2015).:Godišnji izveštaj o poslovanju i rezultatima rada u 2015. godini, (Available at: http://www.nbs.rs/export/sites/default/internet/latinica/90/90_4/godisnji_izvestaj_2015.pdf )
11. Narodna Banka Srbije, (2016): Bankarski sektor u Srbiji, Izveštaj za III tromesečje 2016. godine, (Available at: https://www.nbs.rs/internet/latinica/55/55_4/kvartalni_izvestaj_III_16.pdf)
12. Narodna banka Srbije (2015): Statistički bilten,.(Available at: http://www.nbs.rs/static/nbs_site/gen/latinica/90/statisticki/sb_12_15.pdf )
13. Narodna banka Srbije (2011): Odluka o upravljanju rizicima, (Available at: http://www.nbs.rs/export/sites/default/internet/latinica/20/kpb/upravljanje_rizicima.pdf )
14. Narodna banka Srbije (2016): Tromesečni pregled kretanja indikatora fnansijske stabilnosti Republike Srbije, (Available at http://www.nbs.rs/internet/latinica/18/pregled_grafkona.pdf )
15. Radovic, G. (2015): Finansiranje poljoprivrede u Republici Srbiji: iskustva i mogućnosti, Ekonomija - teorija i praksa, godina VIII, broj 4, Novi Sad, Srbija . (Available at: http://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2015/2217-54581504013R.pdf)
16. Racic, Ž. (2014): Uticaj osnovnih makroekonomskih pokazatelja na likvidnost bankarskog sektora Srbije, Škola biznisa, broj 2/2014, UDC 336.71(497.11), DOI 10.5937/skolbiz2-6916, Novi Sad, Srbija.
17. Offcial gazette of the RS, 129/2007., Odluka o upravljanju rizikom likvidnosti banke, Srbija.
18. Saunders, A. (2000): Financial Institutions Management, The McGraw-Hill/ Irwin Series in Finance, Insurance, and Real Estate Irwin, New York, (Available at: http://www.bulentsenver.com/FIN5477/Financial_Institutions_Management_AntonySaunders_TextBook.pdf)
19. Trenca, I., Petria, N., Mutu, S., Corovei, E. (2012): Evaluating the liquidity determinats in the central and eastern European banking system, Finance-Challenges of the Future, Year XII, No.14/2012, 85–90, Faculty of Economics and Business Administration, Univeristy of Craiova, (Available at: http://feaa.ucv.ro/FPV/014-11.pdf)
20. Treci poljoprivredni forum, Hrana za Evropu, Investirajno u agroprivredu Srbije, Subotica, 17-19. October 2013. Godine
21. Van, G. Bratanovic-Brajlovic S. (2003): Analyzing and Managing Banking Risk – A Framework for Assesing Corporate Governance and Financial Risk, The World Bank, Washington D.C., USA, (Available at: http://documents.worldbank.org/curated/en/310191468350113153/pdf/multi0page.pdf)
22. Uprava za agrarna placanja, Ministarstvo poljoprivrede i zaštite životne sredine, Strategija poljoprivrede i ruralnog razvoja Republike Srbije za period 2014-2024. godine ("Offcial gazette of the RS" no. 85/2014) (Available at: http://uap.gov.rs/wpcontent/uploads/2016/05/STRATEGIJA-2014-2020-.pdf )
23. Vodová, P. (2013): Determinants which affect liquid assets ratio of Czech and Slovak commercial banks. Financial Assets and Investing, No. 1/2013, DOI: 10.5817/FAI2013- 1-2
24. Vodová, P. (2011): Determinants of Commercial Banks Liquidity in Slovakia, Czech Science Foundation. (Project GACR P403/11/P243). (Available at: http://www.opf.slu.cz/kf/icfb/proc2011/pdf/65_vodova.pdf)
25. Veselinovic, B., Drobnjakovic M. (2014): Qualitative and quantitative analysis of micro and macro aspects of agricultural fnance, Economics of agriculture, Vol.61,No.3,771-787, Naucno društvo agrarnih ekonomista Balkana, Beograd. Srbija. (Available.at: http://ageconsearch.umn.edu/bitstream/186525/2/15%20EP%203%202014.pdf )
26. Zakic, V., Klјajic, N. (2016): Analiza stanja fnansijske pismenosti polјoprivrednih proizvođača i modeli fnansiranja polјoprivredne proizvodnje u Republici Srbiji, Unapređenje fnansijskih znanja i evidencije na polјoprivrednim gazdinstvima u Republici Srbiji, Institut za ekonomiku polјoprivrede Beograd, Beograd, Srbija.
Downloads
Published
2017-06-30
How to Cite
Milić, D., & Soleša, D. (2017). THE ANALYSIS OF MACROECONOMIC DETERMINANTS OF THE BANKING SECTOR LIQUIDITY WITH ROLE IN FINANCING AGRICULTURAL SECTOR. Economics of Agriculture, 64(2), 533–550. https://doi.org/10.5937/ekoPolj1702533M
Issue
Section
Original scientific papers
