Post-socialist financialization: the experience of Serbia
Апстракт
The paper explores the growing financialization in Serbia in the post-crisis period from 2008 to 2021. The research includes an overview of the theoretical background of financialization based on the neoclassical and heterodox understandings of this process. The empirical analysis of the financialization of residential and non-residential properties at national level will be used. From the aspect of financialization, it would provide insight into the relationship between the financial system, macroeconomic developments and urban (re)development in the post-socialist practice. Moreover, a comparative ex-post analysis of the process of financialization in Serbia and the selected post-socialist countries of CEE and SEE based on the quantitative research will be presented. The empirical exploration shall be conducted within two domains: firstly, through the identification of different dimensions of financialization, such as the transition from a bank-based to a market-based financial sy...stem, the inflows of foreign financial investment (including FDI), the financialization of non-financial corporations and the population, and urban financialization; secondly, through financialization indicators and urban real estate indicators, relevant to the main dimensions, by comparing them with the EU average and with some countries of the CEE and SEE. The findings may indicate the interweaving of the global financial and macroeconomic trends and the financial capital investment in the real estate markets with the urban re/development process.
Кључне речи:
Post-socialist financialization / real estate market / commercial and residential properties / financialization of non-financial corporations / urban financializationИзвор:
Book of Abstracts - IRASA International Scientific Conference Science, Education, Technology and Innovation (SETI IV), 30 September - 1 October 2022, Belgrade, 2022, 62-Издавач:
- Belgrade : International Research Academy of Science and Art - IRASA
Финансирање / пројекти:
- Министарство науке, технолошког развоја и иновација Републике Србије, институционално финансирање - 200006 (Институт за архитектуру и урбанизам Србије, Београд) (RS-MESTD-inst-2020-200006)
Напомена:
- Editors: Vladica Ristić, Marija Maksin and Jelena Bošković
Група
RAUmPlanTY - CONF AU - Zeković, Slavka PY - 2022 UR - http://raumplan.iaus.ac.rs/handle/123456789/814 AB - The paper explores the growing financialization in Serbia in the post-crisis period from 2008 to 2021. The research includes an overview of the theoretical background of financialization based on the neoclassical and heterodox understandings of this process. The empirical analysis of the financialization of residential and non-residential properties at national level will be used. From the aspect of financialization, it would provide insight into the relationship between the financial system, macroeconomic developments and urban (re)development in the post-socialist practice. Moreover, a comparative ex-post analysis of the process of financialization in Serbia and the selected post-socialist countries of CEE and SEE based on the quantitative research will be presented. The empirical exploration shall be conducted within two domains: firstly, through the identification of different dimensions of financialization, such as the transition from a bank-based to a market-based financial system, the inflows of foreign financial investment (including FDI), the financialization of non-financial corporations and the population, and urban financialization; secondly, through financialization indicators and urban real estate indicators, relevant to the main dimensions, by comparing them with the EU average and with some countries of the CEE and SEE. The findings may indicate the interweaving of the global financial and macroeconomic trends and the financial capital investment in the real estate markets with the urban re/development process. PB - Belgrade : International Research Academy of Science and Art - IRASA C3 - Book of Abstracts - IRASA International Scientific Conference Science, Education, Technology and Innovation (SETI IV), 30 September - 1 October 2022, Belgrade T1 - Post-socialist financialization: the experience of Serbia SP - 62 UR - https://hdl.handle.net/21.15107/rcub_raumplan_814 ER -
@conference{ author = "Zeković, Slavka", year = "2022", abstract = "The paper explores the growing financialization in Serbia in the post-crisis period from 2008 to 2021. The research includes an overview of the theoretical background of financialization based on the neoclassical and heterodox understandings of this process. The empirical analysis of the financialization of residential and non-residential properties at national level will be used. From the aspect of financialization, it would provide insight into the relationship between the financial system, macroeconomic developments and urban (re)development in the post-socialist practice. Moreover, a comparative ex-post analysis of the process of financialization in Serbia and the selected post-socialist countries of CEE and SEE based on the quantitative research will be presented. The empirical exploration shall be conducted within two domains: firstly, through the identification of different dimensions of financialization, such as the transition from a bank-based to a market-based financial system, the inflows of foreign financial investment (including FDI), the financialization of non-financial corporations and the population, and urban financialization; secondly, through financialization indicators and urban real estate indicators, relevant to the main dimensions, by comparing them with the EU average and with some countries of the CEE and SEE. The findings may indicate the interweaving of the global financial and macroeconomic trends and the financial capital investment in the real estate markets with the urban re/development process.", publisher = "Belgrade : International Research Academy of Science and Art - IRASA", journal = "Book of Abstracts - IRASA International Scientific Conference Science, Education, Technology and Innovation (SETI IV), 30 September - 1 October 2022, Belgrade", title = "Post-socialist financialization: the experience of Serbia", pages = "62", url = "https://hdl.handle.net/21.15107/rcub_raumplan_814" }
Zeković, S.. (2022). Post-socialist financialization: the experience of Serbia. in Book of Abstracts - IRASA International Scientific Conference Science, Education, Technology and Innovation (SETI IV), 30 September - 1 October 2022, Belgrade Belgrade : International Research Academy of Science and Art - IRASA., 62. https://hdl.handle.net/21.15107/rcub_raumplan_814
Zeković S. Post-socialist financialization: the experience of Serbia. in Book of Abstracts - IRASA International Scientific Conference Science, Education, Technology and Innovation (SETI IV), 30 September - 1 October 2022, Belgrade. 2022;:62. https://hdl.handle.net/21.15107/rcub_raumplan_814 .
Zeković, Slavka, "Post-socialist financialization: the experience of Serbia" in Book of Abstracts - IRASA International Scientific Conference Science, Education, Technology and Innovation (SETI IV), 30 September - 1 October 2022, Belgrade (2022):62, https://hdl.handle.net/21.15107/rcub_raumplan_814 .
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