The Way to a Better Future: Remaining Challenges

Milica Uvalic

Chapter 9 in Serbia’s Transition, 2010, pp 249-274 from Palgrave Macmillan

Abstract: Abstract The global financial and economic crisis of 2008–9 that began in August 2007 with the sub-prime loans crisis in the US, affected Serbia very seriously, but with a delay of over a year. Like most countries in Eastern Europe, Serbia initially seemed resilient to the global financial crisis, but from mid-2008 it began to feel the effects very strongly. With the global financial and economic crisis, what emerged to the surface was not only the fragility of Serbia’s economy, due to the model of credit-driven growth and the resulting high dependence on capital inflows from abroad. The global economic crisis also revealed more general flaws of the transition strategy pursued in Serbia after 2001.

Keywords: Corporate Governance; Monetary Policy; Capital Inflow; Transition Country; Current Account Deficit (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-28174-5_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230281745

DOI: 10.1057/9780230281745_9

Access Statistics for this chapter

More chapters in Studies in Economic Transition from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().