Financial system development through the prism of sustainable finance – an interdisciplinary approach to financial literacy, demography and industry profitability (SYNFINITY – synergy + finance + (in)finity of development)

The SYNFINITY project is focused on studying and advancing sustainable finance as a foundation for a green and inclusive economic transition. Through an interdisciplinary approach, the project brings together research from the fields of financial and retirement literacy, demographic revitalization, financial system efficiency, and industry profitability in the context of sustainability. The project will explore individual behavioral patterns and their level of financial literacy as key factors influencing sustainable financial decision-making at the individual and corporate levels. The role of financial institutions in supporting the goals of the green transition will also be evaluated, as well as the readiness of individual industrial sectors to operate profitably within a sustainable framework. The project aims to provide a scientifically-based proposal of measures to strengthen financial literacy, the adequate use of financial instruments, and fiscal policy adaptation, with the goal of enhancing the resilience and sustainability of the Croatian financial system. The project is being worked on by a team of ten experts who, with their analytical competencies, valuable experience in the academic and private sectors, and diverse perspectives on the development of the financial system, can contribute to the current understanding of this complex and challenging topic. Additionally, their close collaboration with students on project activities adds an extra dimension of sustainability to the project and to the future dissemination of its results across all spheres of society.

The main objectives of the SYNFINITY project are: 1. To provide a scientifically-based proposal of measures/recommendations for enhancing financial literacy with the aim of strengthening the resilience and sustainability of the Croatian financial system; 2. Propose a scientifically-founded set of measures/recommendations to enhance the appropriate use of financial instruments with the aim of strengthening the resilience and sustainability of the Croatian financial system; 3. To adopt a scientifically-based proposal of measures/recommendations for the adjustment of fiscal policy with the aim of strengthening the resilience and sustainability of the Croatian financial system.

Project Manager: Prof. Dr. Domagoj Sajter

Collaborators: Prof. Dr. Ivo Mijoč, Assoc. Prof. Dr. Domagoj Karačić, Assoc. Prof. Dr. Dražen Koški, Assoc. Prof. Dr. Blaženka Hadrović Zekić, Assoc. Prof. Dr. Dina Bičvić, Assoc. Prof. Dr. sc. Dražen Novaković, doc. dr. sc. Hrvoje Serdarušić, Marija Ileš Kaplan, Matija Kuzmić