Comparative Analysis of Financial Stability Policy of The National Bank of Serbia and The European Central Bank / Komparativna Analiza Politike Finansijske Stabilnosti Narodne Banke Srbije I Evropske Centralne Banke

• Authors: Mirjana Jemović , Borko Krstić
• Languages of publication: EN

Abstracts

EN

The Republic of Serbia has successfully completed the first part in the European Union integration process, being granted candidate status for membership in the European Union (EU). The stage of accession negotiations is in progress, and it includes the full harmonization with the EU acquis, whereby the analytical review of legislation, the so-called screening is being carried out in 35 chapters. The global financial crisis that affected our country in 2008 has required a timely reaction of the National Bank of Serbia (NBS) in order to preserve the financial system stability, especially the banking sector as its most important segment. As the financial services sector adjusts within chapter 9, the aim of this paper is to assess the level of compliance of national legislation with the EU legislation regarding banking sector. Along with the regulatory initiatives in the field of preserving financial stability in the EU countries, the NBS has paid great attention to the harmonization of its financial stability policy with the financial stability policy of the European System of Central Banks (ESCB).

Keywords

EN

crisis; financial stability; screening; NBS; ESCB

• Publisher: Sciendo
• Journal: Economic Themes
• Year: 2015
• Volume: 53
• Issue: 2
• Pages: 142-161

Dates

published

2015-06-01

received

2015-02-23

accepted

2015-06-26

online

2016-04-15

Contributors

author

Mirjana Jemović

• University of Niš, Faculty of Economics, Serbia

author

Borko Krstić

• University of Niš, Faculty of Economics, Serbia

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Identifiers

DOI

10.1515/ethemes-2015-0009