Vol.2, No 3, 2005 pp. 229 - 236
UDC 336.7 (497)
FINANCIAL SECTOR REFORM
IN THE BALKAN COUNTRIES IN TRANSITION
Srdjan Golubović1, Nataša Golubović2
1Faculty of Law, University of Niš, Trg kralja Aleksandra 11, 18000 Niš,
Serbia and Montenegro
2Faculty of Economics, University of Niš, Trg kralja Aleksandra 11, 18000 Niš,
Serbia and Montenegro
This paper deals with the financial sector reform in the Balkan transition countries. Unlike the transition economies of Central Europe, no radical changes took place in this sector in the Balkans. A delay in the realization of structural changes is partly a result of these countries historical legacy, and partly a result of the circumstances in which the transition process took place. Essential changes in the financial sector started at the end of 90s, with the adoption of appropriate laws and subsequent application of concrete measures directed towards the growth and increase of the financial sector efficiency. After discussing the former system legacy, this paper analyses the content of the financial sector reform in the Balkan transition economies. On this basis we shall try to point out to the changes which are necessary for the establishment of an efficient financial system.
Key Words: Financial Sector, Balkans, Transition, Restructuring, Banking Sector
REFORMA FINANSIJSKOG SEKTORA
U BALKANSKIM ZEMLJAMA U TRANZICIJI
U radu se sagledava reforma finansijskog sektora u balkanskim zemljama u tranziciji. Za razliku od centralnoevropskih zemalja, u balkanskim zemljama nema korenitih promena u ovom sektoru. Ovo kašnjenje u sprovodjenju strukturnih promena delom je rezultat nasledja ovih zemalja, a delom okolnosti u kojima se ukupan proces tranzicije odvijao. Suštinske promene u finansijskom sektoru u ovim zemljama započinju krajem devedesetih godina, kada najpre dolazi do usvajanja odgovarajućih zakonodavnih promena, a zatim i primene konkretnih mera usmerenih na rast i povećanje efikasnosti finansijskog sektora. Nakon razmatranja stanja u finansijskom sektoru pre tranzicije, u radu se analizira sadržaj reforme finansijskog sektora u balkanskim tranzicionim privredama. Na osnovu te analize, pokušaćemo da ukažemo na promene koje su neophodne za uspostavljanje efikasnog finansijskog sistema.
Ključne reči: finansijski sektor, Balkan, tranzicija, restrukturiranje, bankarski sektor