Serbia's Banking Sector Reform: Implications for Economic Growth and Financial Development

Southeast European and Black Sea Studies, Vol. 7, No. 4, pp. 609-636, December 2007

Posted: 19 Dec 2008  

Gerhard Fink

IACCM International Association for Cross Cultural Competence and Management

Peter R. Haiss

WU Vienna University of Economics and Business; UniCredit Bank Austria; IES Vienna - Institute for the International Education of Students

Mina von Varendorff

affiliation not provided to SSRN

Date Written: 2007

Abstract

General experience suggests a positive and causal link between financial development and economic growth. Is this already the case in Serbia with its quite distinct political and economic transition? Drawing from successful financial sector transition in Central and Eastern Europe (CEE), we discuss ongoing reforms in South Eastern European Countries (SEE) with a specific focus on Serbia. We find that recently tightened bank regulation and supervision, and growing foreign involvement in Serbia, follows the positive experience from CEE in a way that is conducive to economic development.

Suggested Citation

Fink, Gerhard and Haiss, Peter R. and von Varendorff, Mina, Serbia's Banking Sector Reform: Implications for Economic Growth and Financial Development (2007). Southeast European and Black Sea Studies, Vol. 7, No. 4, pp. 609-636, December 2007. Available at SSRN: https://ssrn.com/abstract=1317610

Gerhard Fink

IACCM International Association for Cross Cultural Competence and Management ( email )

IACCM c/o IVM WU-Wien
Welthandelsplatz 1, Building D2
Wien, 1020
Austria
+43/1/313364553 (Phone)
+43/1/3133690724 (Fax)

Peter R. Haiss (Contact Author)

WU Vienna University of Economics and Business ( email )

Institute for Export Management
Welthandelsplatz 1
Vienna, A-1020
Austria
++43-664 812 29 90 (Phone)
++43-50505 8944214 (Fax)

UniCredit Bank Austria ( email )

Schottengasse 6-8
Vienna, A-1010
Austria
++43-(0)50505 44214 (Phone)
++43-(0)50505 89 44214 (Fax)

HOME PAGE: http://www.bankaustria.com

IES Vienna - Institute for the International Education of Students

Johannesgasse 7
Vienna, A-1010
Austria

Mina Von Varendorff

affiliation not provided to SSRN

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