Institucionalna regulacija štednje u bankarskom sektoru Srbije
INSTITUTIONAL REGULATION OF SAVINGS IN THE BANKING SECTOR OF SERBIA
Author(s): Andriana Milošević, Ivan Božović, Jelena BožovićSubject(s): Economy
Published by: Naučno društvo za promociju i unapređenje društvenih nauka AKROASIS
Keywords: Institutional regulations; Saving; interest rate; Banking sector; Global economic crisis
Summary/Abstract: Effects of the financial crisis initiated by crash of the real property market in the United States of America have been transferred at the global level, due to inherited issues and structural and functional defects of the financial systems. The first impact of the crisis on the banking sector happened in October 2008 in the form of temporary aggravation of the liquidity and net savings outflow. Owing to restrictive monetary policy prior to the crisis and prudential supervision of the financial sector, the first impacts of the crisis were amortized and the savers’ confidence in banking system and cumulative increase of saving followed. The purpose of the present paper is to indicate further protection of the banking system in Serbia from the destabilization through the institutional alignment with the European Union regulations and establishment of discipline with respect to application of systemic laws.
Journal: Socioeconomica - Naučni časopis za teoriju i praksu društveno-ekonomskog razvoja
- Issue Year: 3/2014
- Issue No: 5
- Page Range: 91-106
- Page Count: 15
- Language: English