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Since the 1990s there have been major changes in the way monetary policy is conducted. Since other monetary strategies did not result in the desired outcome, the first concept of inflation targeting was presented in New Zealand (1990), then in Canada (1991), England (1992), Sweden and Finland...
Persistent link: https://www.econbiz.de/10012522649
Persistent link: https://www.econbiz.de/10012021813
Ten years ago Serbia started transition from centrally-planned to market economy. As a latecomer, Serbia faced many challenges in that process. One of those is current account deficit. Subject of this paper is one of balance-ofpayment’s most important account – the current account and its...
Persistent link: https://www.econbiz.de/10010970415
Our research tackles inward foreign direct investments to Serbia. In the introduction we explain the reasons why the Republic of Serbia is a latecomer in the transition process and why foreign direct investments passed by Serbia until the 2000s. The first part of the paper investigates what the...
Persistent link: https://www.econbiz.de/10010599773
The Altman’s model is a multiple discriminant analysis bankruptcy model that uses ordinarily accepted criteria that may provide a useful decision rule to predict financial distress in firms. In this research, we outline the construction and interpretation of the Z-Score influenced by the stock...
Persistent link: https://www.econbiz.de/10012217836
Currency substitution/dollarization is a serious limiting factor for effective monetary policy, especially in transition economies. In addition, there is a negative impact of currency substitution on the banking industry, which is visible in the eroding quality of its lending due to indexation...
Persistent link: https://www.econbiz.de/10010835389