XX Majsko savetovanje (2024), Tom 2 (str. 87-102)
AUTOR(I) / AUTHOR(S): Jasmina Labudović Stanković 
DOI: 10.46793/XXMajsko2.087LS
SAŽETAK / ABSTRACT:
Biti zajmodavac u poslednjoj instanci jedna je od najznačajnijih funkcija centralne banke. U radu autor objašnjava poreklo, pojam, značaj ove funkcije, ali i kako centralna banka deluje u ulozi zajmodavca u poslednjoj instanci, kada treba delovati, načine delovanja i šta bi se desilo ako ona ne bi obavljala ovu svoju važnu funkciju. Kako su banke podložne nelikvidnosti, u radu se posvećuje pažnja pojmu likvidnosti i objašnjavaju situacije kada banke postaju nelikvidne. Delovanje centralne banke kao zajmodavca u poslednjoj instanci je društveno korisno jer se kriza zaustavlja, odnosno sprečava njeno produbljivanje i čuva, odnosno ponovo uspostavlja finansijska stabilnost. Nezavisno od toga, može doći i do moralnog hazarda, pa je i ovo pitanje našlo mesto u ovom radu. Iako je poželjno da postoje pravila za postupanje u kriznim situacijama, često se dešava da težina krize opredeljuje način intervencije centralne banke, te da nema univerzalnog recepta za postupanje.
KLJUČNE REČI / KEYWORDS:
entralna banka, zajmodavac u poslednjoj instanci, finansijska kriza, Bagehot-ova pravila
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