2009, vol. 55, iss. 5, pp. 20-38
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Limitations and capabilities development voluntary pension funds Serbia and some countries in transition
Ograničenja i mogućnosti razvoja dobrovoljnih penzionih fondova u Srbiji i nekim zemljama u tranziciji
aUniversity of Priština - Kosovska Mitrovica, Faculty of Economy, Serbia
bVisoka ekonomska škola strukovnih studija Peć, Leposavić
Abstract
For now, there is no more appropriate setting for the development of financial markets and the development of institutional investment in Serbia To unimpeded work of voluntary pension funds need a well-developed, healthy, competitive and free financial. Market Our financial markets, although still in infancy characterized by, before Firstly, the lack of high-quality debt securities, so the emphasis put on the investment in the action, above all with a listing Belgrade Stock Exchange and that there are bonds of old foreign currency savings, since they are the kind of safe investment, and there are currency. Diversification. Generally looking, development of new types of financial intermediaries primarily pension funds significantly enrich the institutional structure of financial systems in market economies, contributed to the faster development of capital markets in these countries, the development of competition and increasing the efficiency of financial intermediation.
Sažetak
Za sada, još ne postoji odgovarajući ambijent za razvoj finansijskog tržišta i razvoj institucionalnog investiranja u Srbiji.Za nesmetani rad dobrovoljnih penzionih fondova neophodno je razvijeno, zdravo, konkurentno i slobodno finansijsko tržište.Naše finansijsko tržište, iako je još uvek u povoju karakteriše, pre svega, nedostatak kvalitetnih dužničkih hartija od vrednosti, pa je akcenat stavljen na ulaganje u akcije, pre svih sa A listinga Beogradske berze a tu postoje i obveznice stare devizne štednje, jer predstavljaju siguran vid investiranja i postoji mogućnost valutne diversifikacije. Genaralno posmatrajući, razvoj novih tipova finansijskih posrednika pre svega penzionih fondova značajno je obogatilo institucionalnu strukturu finansijskih sistema tržišnih ekonomija, doprineo je bržem razvoju tržišta kapitala u ovim zemljama, razvoju konkurencije i povećanju efikasnosti finansijskog posredovanja.
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