publication . Article . 2012

Reduction of systemic risk in Serbia through intelligent risk management in state-owned enterprises

Dragan Đuričin; Iva Vuksanovic;
Open Access
  • Published: 01 Jan 2012 Journal: SAE Journal, issue 5-6 August, pages 229-247
Abstract
These days, the effects of the combined crisis in Serbia have been larger than ever. Serbia was already in a transitional recession when it entered global economic crisis of 2008. The global double dip recession and this domestic recession, caused by structural imbalances before and during the transition, exacerbate each other's negative effects. Consequently, companies find themselves exposed to systemic (or external) risk that is beyond their control, and is continually increasing. The current global economic crisis is a result of human misconceptions about the modeling of economic system and its institutions.The prevailing macroeconomic orthodoxy asserted tha...
Subjects
free text keywords: Serbia, systemic risk, industrial policies, SOEs, anticrisis program, intelligent risk management, jel:E00, Industrial policy, Recession, media_common.quotation_subject, media_common, Economics, Inflation targeting, Deregulation, Inflation, Monetary policy, Market economy, Economic system, Systemic risk, Washington Consensus
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