Republic of Serbia: Selected Issues
February 5, 2008
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High capital inflows and rising vulnerabilities underscore the importance of a comprehensive approach to ensuring stability. Standard balance sheet indicators mask a substantial build-up of exposures to exchange rate, maturity, and rollover risks. Household balance sheet risks originate from currency mismatches owing to credit euroization. The fiscal balance has a strong and significant impact on the current account in Serbia. The model is broadly able to reproduce recent economic and policy developments in Serbia. The analysis indicates that privatization can result in sizable fiscal savings.
Subject: Balance of payments, Consumer credit, Credit, Current account, Current account deficits, Financial services, Inflation, Money, Prices, Real interest rates
Keywords: Africa, CIT Serbia, Consumer credit, CR, Credit, Current account, current account balance, deficit, Eastern Europe, Europe, Global, household credit, Inflation, ISCR, NICs, Real interest rates, REER adjustment, sample company, Serbia
Pages:
76
Volume:
2008
DOI:
Issue:
055
Series:
Country Report No. 2008/055
Stock No:
1SRBEA2008002
ISBN:
9781451834901
ISSN:
1934-7685
