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...

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...

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...

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...