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2018, vol. 7, br. 13, str. 50-64
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Uloga i uticaj MMF-a u kreiranju ekonomske politike - primer Srbije
Role and impact of IMF in making economic policy: Case of Serbia
Sažetak
Proces transformacije svetske privrede jeste izuzetno dinamičan i složen. Upravo u takvim uslovima je otežano vođenje uspešne ekonomske politike. Ovakve okolnosti zahtevaju kontinuirano praćenje stanja u zemlji, kao i istustva drugih zemalja u očuvanju stabilnosti i održivosti privrede. Jedna od vodećih globalnih institucija koja nadgleda svetski ekonomski sistem jeste MMF. Kao takva definiše pravila igra. Međutim za razliku od zakona koji su obligatorni, ova institucija ima savetodavnu ulogu u vođenju ekonomske politike. Cilj ovog istraživanja jeste ukazivanje na prednosti ali i nedostatke oslanjanja isključivo na preporuke MMF-a u vođenju ekonomske politike. Potvrda ovakve teze jesu i primeri uspešnih i neuspešnih fiskalnih konsolidacija i obnavljanja privreda na osnovu preporuka MMF-a. U prvom delu rada dat je uvid u osnovne karakteristike i načine funkcionisanja MMF-a. U drugom delu jestu analizirane kako pozitivne tako i negativne strane saradnje zemalja sa MMF-om, kao i prikaz odnosa sa Srbijom tokom vremena kroz ugovorene aranžmane. Poslednji segment se odnosi na potencijalnu mogućnost nastavka saradnje nakon isteka Stand-by aranžmana.
Abstract
The process of transformation the world economy is extremely dynamic and complex. In such conditions it is difficult to conduct a successful economic policy. Such circumstances require a continuous monitoring of the situation in the country, as well as other countries' perspectives in preserving the stability and sustainability of the economy. One of the world's leading institutions that supervises the world's economic system is the IMF. As such, it defines the rules of the game. However, unlike the laws that are mandatory, IMF has an advisory role in implementing economic policy. The aim of this research is to point out the advantages and disadvantages of relying entirely on the recommendations of the IMF in implementing economic policy. The confirmation of this claim are also examples of successful and unsuccessful fiscal consolidations and economic recovery based on IMF's policy recommendations. The first part of the paper gives an insight into the basic characteristics and mechanisms of the IMF. The second part analyzes both the positive and the negative sides of the countries' cooperation with the IMF, as well as evidence of relations with Serbia over time. The last segment refers to the potential possibility of continuing collaboration after the expiration of the Stand-By Arrangement.
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