Standardni financijski instrumenti ulaganja i kriptovalute u Hrvatskoj

undergraduate thesis

• Title: Standardni financijski instrumenti ulaganja i kriptovalute u Hrvatskoj : Standardni financijski instrumenti ulaganja i kriptovalute u Hrvatskoj
• Title (english): Standard financial instruments of investments and cryptocurrencies in Croatia
• Author: Ana Svržnjak
• Mentor: Ivan Strugar (mentor)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Informatics); Zagreb
• Defense date and country: 2019-08-30, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Business Informatics

Abstract

Interes javnosti za bitcoin počinje 2008. godine objavom članka „Bitcoin: A Peer to Peer Electronic Cash System“ od strane autora Satoshi Nakamoto. Sljedeće veliko zanimanje investitora događa se krajem 2017. godine kada bitcoin postiže najvišu tržištu vrijednost od svoje pojave. Karakterizira ga decentraliziran sustav, odvojen od nadzorne i regulatorne jedinice te velika volatilnost koja ovisi o potražnji. U radu se uspoređuju kriptovalute, odnosno bitcoin, njihova obilježja, pravna regulacija, prednosti i nedostaci, sa državnim obveznicama Ministarstva Financija. Na temelju prikupljenih podataka Zagrebačke burze izrađeni su grafikoni, kojima je prikazana zastupljenost državnih obveznica u odnosu na korporativne, vrijednost obvezničkog CROBIS indeksa, obveznički fondovi te udio u vlasništvu. Utvrđeno je da u Republici Hrvatskoj državne obveznice nemaju dovoljno razvijeno primarno, a ni sekundarno tržište te da većinom služe samo kao sredstvo disperzije rizika velikim investicijskim subjektima. Naspram obveznica, zaključeno je da za blockchain i kriptovalute u Hrvatskoj građani pokazuju zanimanje. Shodno tome, ambiciozniji poduzetnici uvrstili su bitocin na svoju listu načina plaćanja ili su se pak odlučili baviti blockchain tehnologijom. Naposljetku, izlažu se tehničke razlike standardnih oblika ulaganja i kriptovaluta, čime je rad zaokružen u cjelinu.

Abstract (english)

Public interest in bitcoin begins in 2008 with the publication of the article "Bitcoin: A Peer to Peer Electronic Cash System" by Satoshi Nakamoto. The next big interest comes at the end of 2017 when bitcoin reaches its highest market value since its appearance. It is characterized by a decentralized system, separated from the supervisory and regulatory unit and high demand-dependent volatility. The paper comparatively analyzes cryptocurrencies, ie. bitcoin, their characteristics, legal regulation, advantages and disadvantages, with government bonds of the Ministry of Finance. Based on the data collected by the Zagreb Stock Exchange, charts were created showing the representation of government bonds in relation to corporate bonds, the value of the CROBIS index, bond funds and the ownership share. It was found that in the Republic of Croatia, government bonds do not have a sufficiently developed primary nor secondary market and that they mostly serve only as a way of risk dispersion to large investment entities. As for bonds, it is concluded that citizens are interested in blockchain and cryptocurrencies in Croatia. Accordingly, more ambitious entrepreneurs have included bitcoin on their list of payment methods or have decided for blockchain technology. Finally, the technical differences of standard forms of investment and cryptocurrency are outlined, completing the work as a whole.

• Keywords: Bitcoin; Državne obveznice; Ulaganje
• Keywords (english): Bitcoin; Government bonds; Investment
• Language: croatian
• URN:NBN: urn:nbn:hr:148:393822
• Study programme: Title: Business Economics; Study programme type: professional; Study level: undergraduate; Academic / professional title: stručni/a pristupnik/pristupnica ekonomije (stručni/a pristupnik/pristupnica ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Repository: REPEFZG
• Created on: 2019-08-28 10:22:09