Vol.7, No 3, 2010 pp. 291 - 298
UDC 330.322(497) 336.71:164.04(4-672EU:497
INSTITUTIONAL HARMONISATION AND DEVELOPING MARKETS IN THE CENTRAL BALKANS
Nada Vignjević-Đorđević
Faculty for Trade and Banking, State University, Novi Pazar
midass@orion.rs
Serbia has conducted numerous reforms since 2001. In order to achieve macroeconomic stability and sustainable economic growth, large economic entities have undergone the process of restructuring; numerous companies have been privatized; and negotiations for European Union accession have begun. A similar situation exists in the Balkans region. A number of activities and measures have been conducted to improve business environment, attract foreign and domestic investments, enable accelerated growth and the development of the real sector, enhance the level of competitiveness and productivity, and decrease unemployment. The reform of the financial system plays a significant role in the overall reform process. Thus, it is necessary to create a new regulatory framework based on European Union directives that provides a considerable level of security and protection for all participants in the financial market. This would create a fertile ground for modern trading and the implementation of new instruments in the national and international markets. A set of laws and bylaws enacted provide modern financial market functioning, stability, and development.
Key Words: government, law, foreign investments, regulation, banking sector, finance system
INSTITUCIONALNA HARMONIZACIJA TRŽIŠTA U RAZVOJU NA CENTRALNOM BALKANU
Srbija je sprovela brojne reforme počev od 2001. godine u nameri da poveća makroekonomsku stabilnost i stabilizuje ekonomski rast, što je uticalo na početak procesa pridruživanja Evropskoj uniji. Brojne mere i ektivnosti koje su sprovedene i koje se sprovode imaju za cilj da postignu atraktivnost i povećaju ulaganje kako stranih tako i domaćih investitora, što bi uticalo na razvoj realnog sektora, povećanje konkurentnosti i produktivnosti kao i na smanjenje nezaposlenosti. Reforme u finansijskom sektoru igraju veoma važnu ulogu u celokupnom procesu. Stoga je neophodno kreirati novi regulatorni okvir, set zakonskih i podzakonskih akata, koji treba da se bazira na evropskim direktivama koje obezbeđuju poverenje i sigurnost za sve učesnike na finansijskom tržištu.
Ključne reči: vlada, zakoni, strane investicije, regulativa, bankarski sektor, finansijski sistem
