Book Chapter
Details
Citation
Simmons R & Nikolic M (2016) Credit Co-operatives in Serbia: Retrospect and Prospect. In: Karafolas S (ed.) Credit Cooperative Institutions in European Countries. Contributions to Economics. Dordrecht: Springer, pp. 379-404. http://www.springer.com/gb/book/9783319287836; https://doi.org/10.1007/978-3-319-28784-3_21
Abstract
This chapter takes an overview of credit co-operatives in Serbia in retrospect and prospect. It starts by examining the legal frameworks that have regulated their work, from the first Law on agricultural and handicraft co-operatives from 1898, through to the most recent Law on Banks from 2005. It moves on to consider different phases of development of credit co-operatives; before the second world war (when numbers peaked during the 1930s); during the post-war period (when the sector declined in the face of state socialism); and during the more recent period of transition (leading to the dissolution of credit co-operatives in 2005). To conclude the paper, the current situation (which places significant legal obstacles in the way of credit co-operatives) is then assessed and the possibility of the revitalization of credit co-operatives is considered. Special attention will be given to how the revitalization of credit co-operatives might play a role in the survival and effectiveness of other co-operative sectors in Serbia, particularly agriculture (since agricultural co-operatives account for 67 % of the total number of registered co-operatives in Serbia today). This analysis suggests that the situation is now critical, and an urgent review of the current position is required.
Status | Published |
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Title of series | Contributions to Economics |
Publication date | 31/12/2016 |
Publisher | Springer |
Publisher URL | http://www.springer.com/gb/book/9783319287836 |
Place of publication | Dordrecht |
ISSN of series | 1431-1933 |
ISBN | 978-3-319-28783-6 |
eISBN | 978-3-319-28784-3 |
People (1)
Professor, Sociology, Social Policy & Criminology