Marinković, Srđan and Malović, Marko (2012) Serbian Credit Market after the Turmoil. In: Managing structural changes : trends and requirements. Coimbra : Faculty of Economics, Coimbra, pp. 278-302. ISBN 978-972-9344-06-0
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Abstract
The chapter explores current stance of developments in Serbian credit market, by
looking at credit aggregates and interest rates. Although, there are signs of weak
credit market, full scale credit crunch is so far avoided thanks to efforts coordinated
by the key stakeholders: IMF, National Bank of Serbia and foreign banking groups.
The chapter provides an econometric analysis of the macroeconomic and macrofinancial
determinants of the credit growth for Serbia. We employed multiple linear
regressions and found country risk premium, exchange rate risk premium and real
exchange rate to be the variables with power to explain credit growth. The chapter
also discusses some policy options to address “credit cuts – rising rates” scenario,
squeezing out SMEs, excessive liability formation and credit euroization.
| Item Type: | Book Section |
|---|---|
| Additional Information: | COBISS.SR-ID: 512188258 |
| Uncontrolled Keywords: | banking industry, credit crunch, financial crisis, net interest margin, interest spread, Republic of Serbia. |
| Research Department: | ?? H1 ?? |
| Depositing User: | Users 5 not found. |
| Date Deposited: | 06 Aug 2015 12:27 |
| Last Modified: | 04 Sep 2018 11:35 |
| URI: | http://35.240.28.64/id/eprint/186 |
| Author Links: |
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