Republic of Serbia: Selected Issues

Volume/Issue: Volume 2008 Issue 055
Publication date: February 2008
ISBN: 9781451834901
$20.00
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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , ISCR , CR , deficit , Serbia , NICs , CIT Serbia , REER adjustment , current account balance , sample company , household credit , Current account , Consumer credit , Inflation , Credit , Real interest rates , Eastern Europe , Europe , Africa , Global

Summary

High capital inflows and rising vulnerabilities underscore the importance of a comprehensive approach to ensuring stability. Standard balance sheet indicators mask a substantial build-up of exposures to exchange rate, maturity, and rollover risks. Household balance sheet risks originate from currency mismatches owing to credit euroization. The fiscal balance has a strong and significant impact on the current account in Serbia. The model is broadly able to reproduce recent economic and policy developments in Serbia. The analysis indicates that privatization can result in sizable fiscal savings.