Republic of Serbia Capital Market Development
Capital markets in Serbia are shallow and relatively underdeveloped. The only market segment that functions comparatively well is the government bond market. The contribution of capital markets to financing the economy is limited. The private secto...
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| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/475341562570095897/Serbia-Capital-Market-Development-Technical-Note http://hdl.handle.net/10986/32043 |
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okr-10986-320432021-05-25T09:25:50Z Republic of Serbia Capital Market Development World Bank Group MACROECONOMIC POLICY SUPPLY SIDE MARKET SEGMENTS MONEY MARKETS SECURITIES MARKET BOND MARKET EQUITY MARKET DERIVATIVES MARKET REGULATORY FRAMEWORK CAPITAL MARKETS Capital markets in Serbia are shallow and relatively underdeveloped. The only market segment that functions comparatively well is the government bond market. The contribution of capital markets to financing the economy is limited. The private sector is not making use of non-government bond markets for its financing needs, given easy access to affordable bank loans in Serbia’s bank-dominated financial system. Until recently there was no IPO activity since 1940, symptomatic of Serbia’s shallow public and private equity markets. This Technical Note was prepared by Zsolt Bango (Senior Financial Sector Specialist, World Bank), Sonia Marie Cattarinussi Iacovella (Senior Financial Sector Specialist, World Bank) and Eddy Rodriguez (World Bank Consultant) in the context of the Serbian Capital Market Assessment mission in Belgrade during June 2018 led by Zsolt Bango. The primary objective of the mission was to conduct a diagnostic of the Serbian capital market, with a view to make recommendations for capital market development. The note contains technical analysis and detailed information underpinning the assessment’s findings and recommendations. The report was written under the guidance of Gunhild Berg (Senior Financial Sector Specialist, World Bank) and Johanna Jaeger (Senior Financial Sector Specialist, World Bank) and the team received excellent support from Tanya Konidaris (Senior Financial Sector Specialist, World Bank). 2019-07-10T16:15:34Z 2019-07-10T16:15:34Z 2019-02 Report http://documents.worldbank.org/curated/en/475341562570095897/Serbia-Capital-Market-Development-Technical-Note http://hdl.handle.net/10986/32043 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Europe and Central Asia Serbia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
MACROECONOMIC POLICY SUPPLY SIDE MARKET SEGMENTS MONEY MARKETS SECURITIES MARKET BOND MARKET EQUITY MARKET DERIVATIVES MARKET REGULATORY FRAMEWORK CAPITAL MARKETS |
| spellingShingle |
MACROECONOMIC POLICY SUPPLY SIDE MARKET SEGMENTS MONEY MARKETS SECURITIES MARKET BOND MARKET EQUITY MARKET DERIVATIVES MARKET REGULATORY FRAMEWORK CAPITAL MARKETS World Bank Group Republic of Serbia Capital Market Development |
| geographic_facet |
Europe and Central Asia Serbia |
| description |
Capital markets in Serbia are shallow
and relatively underdeveloped. The only market segment that
functions comparatively well is the government bond market.
The contribution of capital markets to financing the economy
is limited. The private sector is not making use of
non-government bond markets for its financing needs, given
easy access to affordable bank loans in Serbia’s
bank-dominated financial system. Until recently there was no
IPO activity since 1940, symptomatic of Serbia’s shallow
public and private equity markets. This Technical Note was
prepared by Zsolt Bango (Senior Financial Sector Specialist,
World Bank), Sonia Marie Cattarinussi Iacovella (Senior
Financial Sector Specialist, World Bank) and Eddy Rodriguez
(World Bank Consultant) in the context of the Serbian
Capital Market Assessment mission in Belgrade during June
2018 led by Zsolt Bango. The primary objective of the
mission was to conduct a diagnostic of the Serbian capital
market, with a view to make recommendations for capital
market development. The note contains technical analysis and
detailed information underpinning the assessment’s findings
and recommendations. The report was written under the
guidance of Gunhild Berg (Senior Financial Sector
Specialist, World Bank) and Johanna Jaeger (Senior Financial
Sector Specialist, World Bank) and the team received
excellent support from Tanya Konidaris (Senior Financial
Sector Specialist, World Bank). |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Republic of Serbia Capital Market Development |
| title_short |
Republic of Serbia Capital Market Development |
| title_full |
Republic of Serbia Capital Market Development |
| title_fullStr |
Republic of Serbia Capital Market Development |
| title_full_unstemmed |
Republic of Serbia Capital Market Development |
| title_sort |
republic of serbia capital market development |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/475341562570095897/Serbia-Capital-Market-Development-Technical-Note http://hdl.handle.net/10986/32043 |
| _version_ |
1764475645285367808 |