The response of the monetary and fiscal policies on COVID 19 in Serbia

Martin, Vesna

doi:10.5937/bankarstvo2002070m

Cited by 9 publications

(6 citation statements)

References 1 publication

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“…Recommendation to use capital and liquidity-absorbing Basel III liquidity, easing specific regulatory requirements, postponing stress tests, limiting the payment of bank dividends, monitoring credit risk status (Yusdika, Purwanti, 2021; Alao, Gbolagade, 2020) have been adopted. Financial policies for borrowers have provided the companies with access to additional capital in the form of state-supported loans or credit guarantees encompassing lower interest rates, moratoriums on principal or interest for up to one year, loans to support the financing of companies with a grace period of two years, coverage of loans with government guarantees (Anderson, Drabancz, Grosz, 2021;Martin, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Influence of liquidity and solvency on profitability of agroindustrial companies in the conditions of Covid-19

Čavlin¹,

Đokić²,

Miletić³

2022

Ekonomika poljoprivrede

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Agroindustry is traditionally an unavoidable category in the analysis of any economy. The objectives of the research are to present a summary of the profit and financial positions of agro industrial companies in the period of COVID-19, and to analyze financial vitality in the context of liquidity of manufacture of food products and beverages, in the year 2020 and 2019, as well as its' average five-year parameters. The findings show that the liquidity indicators are below the desirable norms and overall liquidity assessment is unfavorable. Further analysis by subsectors has revealed differences in profit positions by subsectors, due to different effects of the crisis, so the findings can serve as an incentive to review decisions of all stakeholders, including economic creators' policy.

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Section: Literature Reviewmentioning

confidence: 99%

Influence of liquidity and solvency on profitability of agroindustrial companies in the conditions of Covid-19

Čavlin¹,

Đokić²,

Miletić³

2022

Ekonomika poljoprivrede

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“…The Ministry of Finance and the National Bank of Serbia have adopted a series of fiscal and monetary expansion measures in their respective domains to offset the economic repercussions of the COVID-19 pandemic, totaling RSD 608.3 billion or € 5.2 billion (Topić-Pavković, 2020). These collaborative measures include (1) tax policy adjustments, (2) direct help to SMEs, (3) private sector liquidity preserva-tion through preferential loans from the Development Fund, and (4) direct monetary assistance to every adult Serbian resident (Martin, 2020). According to the National Bank of Serbia (Tabaković, 2021), if the monetary and fiscal policy measures had not been implemented, Serbia's economic activity would have fallen by more than 6% in 2020.…”

Section: Marketing Activities Under the Impact Of The Covid-19 Pandemicmentioning

confidence: 99%

“…Predicting Serbia's economic trajectory when the current outbreak stops would be exceedingly difficult. There will almost certainly be a slowdown in economic development, as well as a rise in unemployment, interruptions in supply chains, and a loss of buying power (Martin, 2020).…”

Section: Marketing Activities Under the Impact Of The Covid-19 Pandemicmentioning

confidence: 99%

Measuring the impact of the COVID-19 pandemic on the marketing industry of Serbia

Adžić¹,

Ivanović²

2022

Marketing

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Although publications on the economic impact of the COVID-19 pandemic are widely available, papers on the economic impact of the COVID-19 pandemic on commercial firms, particularly marketing firms, are scarce. The aim of this exploratory study is to examine the impact of COVID-19 on the marketing industry in Serbia. Based on the variables generated from critical topics on marketing and the pandemic from the papers presented in the Literature Review section, we created a seven-pointLikert-type research scale entitled "Pandemic Impact on Marketing". The sample (n = 157) in the quantitative survey we conducted in November and December 2021 was intentional and predetermined. After confirming the sample was normally distributed, we conducted a reliability study of our 14-item scale. The calculated Cronbach's Alpha was 0.791. Since the Kaiser-Meyer-Olkin measure of sampling adequacy was 0.776 and the Bartlett'stest of sphericity was Sig = 0.000, we further reduced our scale and yielded two interpretable components, Internal Success Factors, and External Success Factors. Finally, we conducted a series of parametric tests. The assessment of marketing experts from our sample on how successfully they coped with the pandemic was above average. They gave the over all success of their activities during the pandemic a rating of 5.01 out of 7. The marketing industry of Serbia has successfully dealt with the risks posed by the coronavirus pandemic.

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“…The Program of Economic Measures for Reducing the Negative Effects of the Covid-19 Pandemic and Supporting the Serbian Economy was launched by the Ministry of Finance. Tax policy changes, direct support to SMEs with the three monthly minimum salaries, efforts to preserve liquidity for the private sector through favorable loans from the Development Fund, and a direct Finance Finance distribution of € 100 to every adult residents are all part of the program [18]. Domestic and international commercial and multilateral loans from financial institutions and foreign governments, as well as the issue of government securities and Eurobonds, will be used to support pandemic economic measures.…”

Section: Finance Industry Issues Caused By the Covid-19 Pandemicmentioning

confidence: 99%

Determining the Impact of COVID-19 pandemic on the financial system of Serbia

Adžić¹,

Milunović²,

Vuković³

et al. 2022

Ekonomika preduzeća

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The coronavirus disease has induced financial stress by destabilizing national economies, financial capital markets, financial management, financial markets, and commodity prices. The aim of the authors is to determine the impact of COVID-19 on the financial system of Serbia. For the purposes of this exploratory study, the authors developed a research scale "Impact of COVID-19 on Financial System" and conducted a quantitative survey () to understand and explain the problems and perspectives of the finance industry during the outbreak of the COVID-19 pandemic. The overall result of the success of the measures taken during the pandemic leads us to the conclusion that the financial sector in Serbia managed to survive during the pandemic with great efforts. The financial industry preserved its position mainly due to the successful digitalization and online banking transition. The authors concluded that the financial system in Serbia was efficient and sustainable during the COVID-19 pandemic and that the Serbian financial system could maintain its strong position even after the end of the COVID-19 pandemic.

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The response of the monetary and fiscal policies on COVID 19 in Serbia

Cited by 9 publications

References 1 publication

Influence of liquidity and solvency on profitability of agroindustrial companies in the conditions of Covid-19

Influence of liquidity and solvency on profitability of agroindustrial companies in the conditions of Covid-19

Measuring the impact of the COVID-19 pandemic on the marketing industry of Serbia

Determining the Impact of COVID-19 pandemic on the financial system of Serbia

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