MUTUAL INFLUENCE OF THE INTERNATIONAL INVESTMENT POSTION AND THE NET GOVERNMENT POSITION WITH THE BANKING SECTOR OF THE REPUBLIC OF SERBIA
Journal Title: Knowledge International Journal - Year 2018, Vol 25, Issue 1
Abstract
The growth of claims of the Banking Sector from the State and the decline in the International Investment Position of the Republic of Serbia are conditioned by the illiquidity of the public sector, which further imposes a concrete conclusion that this phenomenon is in a negative correlation with the degree of budgetary balance. One of the activities of the National Bank of Serbia, is the implementation of banking and monetary policy measures, which is implemented through engagement in the realization of foreign exchange policy objectives, such as: ensuring the international liquidity of the country, maintaining the stability of the foreign exchange rate, smooth payment transactions, balances of the balance of payments, repayment of debts, monitoring and control of foreign operations, etc. On the other hand, the inflow of foreign capital causes a number of consequences for the national economy, such as: reducing the balance of payments deficit, reducing unemployment, and so on. Тhe illiquidity of the public sector, which is primarily reflected in the inability to pay off public debt, which records constant growth, but also in the deficit of budget funds, adversely affects the international investment position, as well as on claims of the Banking Sector from the Republic of Serbia. Banking loans activity is expressed using quantitative debt data the countries in the banking sector, and the decline in investment activity was presented through data on the international investment position of the Republic of Serbia. With the help of these data, the high negative coefficient of interdependence of these two parameters is observed, which is the subject of this research.
Authors and Affiliations
Drago Cvijanović, Ivan Milojević, Goran Makismović
Keywords
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