Vol. 10, No 4, 2013 pp. 457 - 469
UDC 336.781.5(497.11)
DYNAMICS OF INTEREST MARGINS IN TRANSITION ENVIRONMENT OF SERBIA
Jelena Božović
Faculty of Economics, University of Pristina/ Kosovska Mitrovica, Serbia
High interest rates through which banking sector realizes high margins are only one of the characteristics of the banking sector of Serbia in the transition period. In its methodological approach the paper represents an empirical investigation of the amount of lending and deposit interest rates of the banking sector in Serbia in the last few years, with a special analytical reference to the interest margin indicator. For these reasons the paper is divided into two logically connected sections: in the first section, the focus of investigation is the adjustment of maturity structure of lending and deposit interest rates, and the analysis of interest margin is performed in the second section. The qualitative analysis of the results and the implementation of conclusion result was carried out by comparative analysis of interest margin in Serbia and the selected countries in the region.
Key Words: lending interest rates, deposit interest rates, interest margin, key policy rate, inflation rate
DINAMIKA KAMATNIH MARŽI U
TRANZITORNOM AMBIJENTU SRBIJE
Visoke kamatne stope na kojima bankarski sektor ostvaruje velike marže samo su jedna od karakteristika bankarskog sektora Srbije u tranzitornom periodu. Rad u svom metodološkom pristupu predstavalja empirijsko istraživanje visine aktivnih i pasivnih kamatnih stopa bankarskog sektora u Srbiji u poslednjih nekoliko godina, sa posebnim analitičkim osvrtom na indikator kamatne margine. Iz tih razloga rad je podeljen na dva logično povezana dela: u prvom delu u fokusu istraživanja je uskladjenost ročne strukture aktivne i pasivne kamatne stope, a u drugom delu izvršena je analiza kamatne margine. Kvalitativnu analizu rezultata i sprovodjenje rezultata zakljčka sproveli smo komparativnom analizom kamatne margine u Srbiji sa izabranim zemljama regiona.
Ključne reči: aktivna kamatna stopa, pasivna kamatna stopa, kamatna margina, referentna kamatna stopa, stopa inflacije
