Akcije

Ekonomika poljoprivrede
kako citirati ovaj članak
podeli ovaj članak

Metrika

  • citati u SCIndeksu: 0
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:7
  • preuzimanja u poslednjih 30 dana:4

Sadržaj

članak: 1 od 5  
Back povratak na rezultate
2021, vol. 68, br. 2, str. 341-355
Lending against warehouse receipts: Evidence from Serbia
(naslov ne postoji na srpskom)
aInstitut za ekonomiku poljoprivrede, Beograd
bUniverzitet u Beogradu, Ekonomski fakultet

e-adresavlado_k@iep.bg.ac.rs, irena.jankovic@ekof.bg.ac.rs, vesna_pa@iep.bg.ac.rs
Projekat:
451-03-9/2021-14

Ključne reči: warehouse receipts; public warehouses; agricultural loans; indemnity fund
Sažetak
(ne postoji na srpskom)
The paper examines factors influencing development of the public warehouse system. Public warehouse system primary role is to provide stakeholders in agribusiness financing against stored commodity as collateral. Case study is conducted in Serbia. Interviews with banks, analyses of the public warehouse results, computational analyses and intensive literature research were conducted. Most important factors for lending against warehouse receipts from bankers' perspectives are guarantee system performances followed by efficient enforcement procedure, efficient public warehouse surveillance, favourable central bank's rating of warehouse receipts and subsidies. According to the results, Serbian public warehouse legal framework is properly established resulting in fast development of the public warehouse system in first years. After 2014 system deteriorated primarily due to the absence of inspection and Indemnity fund low guarantee performance. Lessons learned from Serbia point out that besides proper legal framework, implementation and favourable business environment are paramount for successful public warehouse system.
Reference
*** (2009) The Law on public warehouses for agricultural products. Official Gazette of the Republic of Serbia, No. 41
*** (2013) Warehouse finance and warehouse receipt systems: A guide for financial institutions in emerging economies. Washington, D.C., USA: World Bank Group (WB)-International Finance Corporation (IFC), p. 132, www.mongolbank.mn/conference/books/01.pdf, 6.4.2015
*** (2010) Rule book on determining the amount of membership fee and dinar amount per tons of stored agricultural products which publicly warehouse for agricultural products salaries Indemnity fund. Official Gazette of the Republic of Serbia, No. 15
*** (2010) Rule book on the conditions that public warehouses must meet in terms of storage space for reception, storage and delivery of agricultural products, equipment for measuring the quantity and determining the quality of public warehouses, values of fixe. Official Gazette of the Republic of Serbia, No. 30
Coulter, J., Onumah, G. (2002) The role of warehouse receipt systems in enhanced commodity marketing and rural livelihoods in Africa. Food Policy, 27(4): 319-337
Dubovec, M., Elias, A. (2017) A proposal for UNCITRAL to develop a Model Law on Warehouse Receipts. Uniform Law Review, 22(4): 716-730
Food Risk Management for Africa (FRMA) (2020) Warehouse Receipt Systems. Retrieved from www.farmaf.org/en/aboutfarmaf/risk-management-systems/warehouse-receipt-system-wrs-and-commodity-marketing
Grbić, M., Jovanović, D. (2020) Comparative financial systems: Implications for economic growth. Oditor, vol. 6, br. 1, str. 49-65
Hollinger, F., Rutten, L. (2009) The use of warehouse receipt finance in agriculture in ECA countries. u: FAO-World Bank Cooperative Programme and FAO - EBRD Cooperative Programme, technical background paper, World Grain Forum 2009, St. Petersburg, Russian Federation, p. 50, www.eastagri.org/files/FAO_EBRD-Warehouse-Receipt-Financing.pdf
Indemnity Fund of the Republic of Serbia (2021) Report on the Public warehouses' licensed capacities and number of licensed public warehouses for period 2015-2020. Report received on request on 21st January 2021
Jovičić, D., Jeremić, L., Milićević, L., Zeremski, A. (2014) Warehouse receipts functioning to reduce market risk. Ekonomika poljoprivrede, vol. 61, br. 2, str. 347-365
Kovačević, V., Zakić, V. (2016) Razvoj finansijskog tržišta za potrebe poljoprivrede. u: Stanje i perspektive agroprivrede i sela u Srbiji, Naučno društvo ekonomista Srbije, 225-237
Kovačević, V., Ivkov, I., Đakov, M. (2013) Značaj razvoja robnih hartija od vrednosti za unapređenje uslova poslovanja u Srbiji. Ekonomski vidici, vol. 18, br. 1, str. 139-149
Kovačević, V., Zakić, V., Milovanović, M., Subić, J., Jeločnik, M. (2016) Electronic warehouse receipts registry as a step from paper to electronic warehouse receipts. Ekonomika poljoprivrede, vol. 63, br. 3, str. 801-815
Mahanta, D. (2012) Review of warehouse receipt as an instrument for financing in India. International Journal of Scientific & Technology Research, Vol. 1, No. 9, pp. 42-45
Miranda, M.J., Mulangu, F.M., Kemeze, F.H. (2019) Warehouse receipt financing for smallholders in developing countries: Challenges and limitations. Agricultural Economics, 50(5): 629-641
Muhović, A., Radivojević, N., Ćurčić, N. (2019) Research of factors of non performing agricultural loans by primary data panels. Ekonomika poljoprivrede, vol. 66, br. 2, str. 569-578
National Bank of Serbia (2011-2019) Decision on classification of balance sheet assets and off balance sheet items of the bank. Official Gazette of RS, No. 94/2011, 57/2012, 123/2012, 43/2013, 113/2013, 135/2014, 25/2015, 38/2015, 61/2016, 69/2016, 91/2016, 101/2017, 114/2017, 103/2018 and 8/2019
National Bank of Serbia (2021) List of licensed commercial banks. Retrieved from www.nbs.rs/sr_RS/finansijske-institucije/banke/spisak-banaka
Popović, S., Janković, I., Stojanović, Ž. (2018) The importance of bank credits for agricultural financing in Serbia. Ekonomika poljoprivrede, vol. 65, br. 1, str. 65-80
Su, L., Wang, H. (2020) Analysis on Electronic Warehouse Receipt of Bulk Commodity in Supply Chain Finance Practice. u: 2020 International Conference on Computer Information and Big Data Applications (CIBDA), Guiyang, China, IEEE, 33-36
United Nations Conference on Trade and Development (2009) Receipt Systems and Inventory Credit in Eastern and Southern Africa. Geneva, Mimeo
Vasiljević, Z., Kovačević, V. (2015) Značaj robnih hartija od vrednosti za finansiranje poljoprivrednog sektora u Srbiji. u: Zbornik radova sa Međunarodne naučne konferencija 'Menadžment, preduzetništvo i investicije u funkciji privrednog rasta i zapošljavanja', 03.10.2014., Institut za poslovna istraživanja-MBA, Udruženje, Beograd, 232-245. ISBN 978-86-85287-06-0
Yuanjian, Z., Dongmei,, Qing,, Yining, L., Songzhan, L. (2019) Design of Electronic Warehouse Receipts System Based on Blockchain. Netinfo Security, 19(6): 84-90
Zakić, V., Kovačević, V., Ivkov, I., Mirović, V. (2014) Importance of public warehouse system for financing agribusiness sector. Economics of Agriculture, vol. 61, br. 4, str. 929-943
 

O članku

jezik rada: engleski
vrsta rada: izvorni naučni članak
DOI: 10.5937/ekoPolj2102341K
primljen: 28.02.2021.
prihvaćen: 25.05.2021.
objavljen u SCIndeksu: 01.07.2021.
metod recenzije: dvostruko anoniman
Creative Commons License 4.0

Povezani članci

Ekonomika poljoprivrede (2016)
Elektronski registar robnih zapisa kao korak od papirnog ka elektronskom robnom zapisu
Kovačević Vlado, i dr.

Ekonomika poljoprivrede (2014)
Značaj sistema javnih skladišta za finansiranje agro-biznis sektora
Zakić Vladimir, i dr.

Ekonomika poljoprivrede (2015)
Tržište rada u Srbiji - šansa ili ograničenje za ekonomski rast
Tešić Aleksandra, i dr.

prikaži sve [17]