Internationalization of the Shareholders Capital in Banking Sector in Serbia
This paper analyzes the basic banking sector development processes viewed through development of the financial markets, stock-exchange operations and trading with the shares -- particularly those originating from privatization -- as well as through protection of the rights and interests of minority shareholders. The special reference is made to internationalization of the shareholder capital in banks and creation of the new financial products in Serbia, primarily through intensifying the real and the banking sector’s privatization process, development of the institutional investors and higher inflow of the foreign capital, respectively. With consistent implementation of the macroeconomic and institutional reforms in the country, the foreign investors’ confidence in local economy is growing stronger and they direct the flow of their capital towards the referenced market. The overall assessment is that faster development of the financial markets, and particularly the equity markets and higher inflow of the foreign capital combined with wider assortment of new products will expand the options of a faster national socio-economic development and the extended presence of our country in the international capital flows.
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