Post-socialist urban financialization in Serbia: An empirical insight
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The paper explores Serbia’s post-socialist financialization based on the galloping urban real estate trends after the global crisis in 2008. Financialization as a global process had a significant role in the socio-economic development and urban changes in different contextual frameworks, including the post-socialist European countries. However, there are not enough studies on financialization in these countries, while in Serbia they are completely absent. Focusing on post-socialist Serbia in the post-crisis period, the paper situates the narrative of urban financialization into the broader context by: illuminating the financialization dimensions; identifying the indicators for selected financialization dimensions; analyzing concrete data for selected financialization dimensions by specific indicators, and comparing available indicators of financialization with those in some post-socialist countries of Central and Eastern Europe (CEE) and South-Eastern ...Europe (SEE). The empirical analysis provides insight into the complex nature of urban financialization which is measured by specific indicators. The findings point to a connection between the intertwining of global financial and macroeconomic trends and the urban development processes. It is assumed that there is a certain correlation and interconnection between (urban) financialization and developmental, monetary and financial policies and foreign financial inflows in Serbia.
Ključne reči:
financialization / commercial and residential properties / urban financialization / post-socialist countries / SerbiaIzvor:
The European Journal of Applied Economics, 2024, 21, 1, 30-47Grupa
RAUmPlanTY - JOUR AU - Zeković, Slavka PY - 2024 UR - http://raumplan.iaus.ac.rs/handle/123456789/936 AB - The paper explores Serbia’s post-socialist financialization based on the galloping urban real estate trends after the global crisis in 2008. Financialization as a global process had a significant role in the socio-economic development and urban changes in different contextual frameworks, including the post-socialist European countries. However, there are not enough studies on financialization in these countries, while in Serbia they are completely absent. Focusing on post-socialist Serbia in the post-crisis period, the paper situates the narrative of urban financialization into the broader context by: illuminating the financialization dimensions; identifying the indicators for selected financialization dimensions; analyzing concrete data for selected financialization dimensions by specific indicators, and comparing available indicators of financialization with those in some post-socialist countries of Central and Eastern Europe (CEE) and South-Eastern Europe (SEE). The empirical analysis provides insight into the complex nature of urban financialization which is measured by specific indicators. The findings point to a connection between the intertwining of global financial and macroeconomic trends and the urban development processes. It is assumed that there is a certain correlation and interconnection between (urban) financialization and developmental, monetary and financial policies and foreign financial inflows in Serbia. T2 - The European Journal of Applied Economics T1 - Post-socialist urban financialization in Serbia: An empirical insight VL - 21 IS - 1 SP - 30 EP - 47 DO - 10.5937/ejae21-48685 ER -
@article{ author = "Zeković, Slavka", year = "2024", abstract = "The paper explores Serbia’s post-socialist financialization based on the galloping urban real estate trends after the global crisis in 2008. Financialization as a global process had a significant role in the socio-economic development and urban changes in different contextual frameworks, including the post-socialist European countries. However, there are not enough studies on financialization in these countries, while in Serbia they are completely absent. Focusing on post-socialist Serbia in the post-crisis period, the paper situates the narrative of urban financialization into the broader context by: illuminating the financialization dimensions; identifying the indicators for selected financialization dimensions; analyzing concrete data for selected financialization dimensions by specific indicators, and comparing available indicators of financialization with those in some post-socialist countries of Central and Eastern Europe (CEE) and South-Eastern Europe (SEE). The empirical analysis provides insight into the complex nature of urban financialization which is measured by specific indicators. The findings point to a connection between the intertwining of global financial and macroeconomic trends and the urban development processes. It is assumed that there is a certain correlation and interconnection between (urban) financialization and developmental, monetary and financial policies and foreign financial inflows in Serbia.", journal = "The European Journal of Applied Economics", title = "Post-socialist urban financialization in Serbia: An empirical insight", volume = "21", number = "1", pages = "30-47", doi = "10.5937/ejae21-48685" }
Zeković, S.. (2024). Post-socialist urban financialization in Serbia: An empirical insight. in The European Journal of Applied Economics, 21(1), 30-47. https://doi.org/10.5937/ejae21-48685
Zeković S. Post-socialist urban financialization in Serbia: An empirical insight. in The European Journal of Applied Economics. 2024;21(1):30-47. doi:10.5937/ejae21-48685 .
Zeković, Slavka, "Post-socialist urban financialization in Serbia: An empirical insight" in The European Journal of Applied Economics, 21, no. 1 (2024):30-47, https://doi.org/10.5937/ejae21-48685 . .