INNOVATION FINANCIAL INDUSTRY IN SERBIAN CAPITAL MARKETSECURITIZATION MORTGAGE LOANS
Journal Title: Acta Economica - Year 2010, Vol 8, Issue 13
Abstract
This work deals with legal and institutional presumptions and limits of the application of financial innovation of securitization on the market of the capital of Serbia. Aim is to show the possibility of implementing this financial innovation into the market of capital of Serbia, relying on theoretical and empiric knowledge of developed markets of securitization. The securitization is defined in this study and the typical types and characteristics of securitization are identified. The main drives and motives and structures of securitization are explained. This work points out the risks and also advantages and disadvantages of securitization as well as basics of its application and functioning. The key instructions of securitization in European Union and experience in application in those countries are discussed afterwards. A short review of the problems that countries in transition confront in the course implementing of this financial innovation is given. In the end the proposition of the draft of the law about securitization in Serbia not yet accepted is analyzed. And finally certain legal and institutional presumptions of vital importance for the implementation of this financial innovation in the market of the capital of Serbia are identified.
Authors and Affiliations
Драган М. Момировић, PhD
Keywords
Related Articles
- EP ID EP43697
- DOI -
- Views 282
- Downloads 0
The external trade position and the export incentive measures of Republic of Srpska in relation to the practice of advanced economies
The importance of export for modern national economies is extremely high, because it provides a number of positive effects on the microeconomic and macroeconomic level. Therefore, countries implement a variety of export i...
ENTREPRENEURSHIP, BUSINESS DECISIONS AND ACCOUNTING ANALYSIS
Many researchers see the key factor to entrepreneurial success being the comannd over critical information. Entrepreneurs are individuals who have the ability to identify and evaluate development opportunities; the ab...
CONVERGENCE THEORY AND THE POSSIBILITY OF A "THIRD WAY"
The twentieth century is characterized by competition between two economic and political systems: the capitalist and socialist. It is not difficult to conclude that both systems have as their good, and bad sides. In the...
The impact of accounting information on share selection in the capital market in Bosnia and Herzegovina
The key issue being of interest to all investors, both big and small ones, is how to make a realistic assessment of the value of some company’s shares and which parameters should be taken into account when making a decis...
MACROECONOMIC ASPECTS OF REGIONAL POLITICS OF THE EUROPEAN UNION
Regional politics is one of the key common politics of the European Union. Its objectives are the growth of economic-social cohesion and equalizing the levels of development. Such conception of development requires high...