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Ekonomija: teorija i praksa
2018, vol. 11, iss. 2, pp. 51-63
article language: Serbian
document type: Professional Paper
published on: 25/10/2018
doi: 10.5937/etp1802051I
Creative Commons License 4.0
Post-crisis situation in financial markets in Serbia and the neighboring countries
University of Kragujevac, Faculty of Hotel Management and Tourism, Vrnjačka Banja

e-mail: nenad.ivanisevic@gmail.com

Abstract

The effects of the global economic crisis are visible in capital markets around the world, as well as in Serbia, whose financial market, otherwise underdeveloped and insufficiently liquid, is additionally burdened with the effects of the global crisis. The aim of the paper is to analyze the financial market in Serbia, with a special focus on the Belgrade Stock Exchange in the post-crisis period, and to provide an overview of the measures that can contribute to the development of the aforementioned market and stock exchange operations. In the first part of the paper, we discussed the interrelationship between the economy and financial markets, the significance of people's savings and the possibilities of using savings for the development of the financial market in Serbia. In the continuation of the paper, we presented the comparative analysis of trading on the Belgrade, Ljubljana and Zagreb Stock Exchange. Then we analyzed the Serbian capital market, as well as the reasons for the insufficient development of the market, which is manifested by weak economy and absence of strategic incentives of the state. Based on the results of our observations and analyses performed by experts in the country and the region, we discussed the development opportunities for the Belgrade Stock Exchange and the capital markets in Serbia, as an integral part of the domestic economic system.

Keywords

financial markets; Belgrade stock exchange; savings; economic crisis; Ljubljana stock exchange and Zagreb stock exchange

References

*** Annual statistics for 2015, Ljubljana Stock Exchange. Preuzeto sa www.ljse.si
*** (2015) Godišnji izveštaj Beogradske berze. Beogradska berza, Preuzeto sa:
Jović, Z. (2010) Svetske berze - trendovi u uslovima globalne finansijske kriz. Singidunum revija
Stojković, D. (2012) Integracioni procesi berzi sa područja bivše SFRJ i regionalna saradnja Beogradske berze. Bankarstvo, vol. 41, br. 2, str. 34-51
Vunjak, N. (2008) Finansijski menadžment - poslovne finansije. Subotica: Ekonomski fakultet