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Visoka poslovna škola strukovnih studija Novi Sad , Novi Sad , Serbia
The collapse of the U.S. financial markets the past three years has negatively affected the global economic and financial system. The reduction of funding available as a result of reduced liquidity caused a price increase of credit and led to a slowdown in economic growth. The financial crisis has rapidly expanded and had devastating effects on the global economy: a large number of companies went bankrupt and millions of people lost their job. The banking market in Central and Eastern Europe in comparison with the European Union is relatively small and underdeveloped. Unlike emerging markets (Central and Eastern Europe), the share of banks in the global financial market is shrinking from year to year due to the new (mergers and acquisitions) or the development of existing financial institutions such as insurance companies, leasing companies and pension funds. The focus will be on the analysis of key macroeconomic indicators in the period since 2005. by 2012. with projections for the future. It will be made a comparative analysis of Serbian and developed countries in order to assess the negative impact of the global financial crisis on the development of the global and domestic economy. From makroekonosmkih indicators will be analyzed in detail the gross domestic product, gross domestic product per capita, the trade balance (balance of commodity exchange) and foreign direct investment, while the social aspect of the analysis will be done in the unemployment rate with special reference to the level of unemployment in the banking sector the global economic crisis. The first visible signs of the global economic crisis in Serbia were observed in the financial sector (decrease liquidity and difficult reform of financial institutions), first in the capital market in the form of the withdrawal of foreign investors. Before the onset of the crisis and the recession, the financial system of the country is rapidly developing, introduced modern legislation and established new financial institutions that have contributed to the maintenance of macroeconomic stability.
The global economic crisis, gross domestic product, foreign direct investment, unemployment, balance of trade.
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