FOREIGN EXCHANGE BUSINESS OF RS AND THE EFFECTS OF INTERNATIONAL PAYMENT TRAFFIC
DOI:
https://doi.org/10.61837/mbuir020224028lKeywords:
foreign exchange business, exchange rate, currency, payment transactions, foreign tradeAbstract
No economy can remain isolated from the world; it must collaborate with other countries across various sectors, particularly in the economic domain. Economic transactions, such as import and export, loans, and credits, take place between entities—residents of different economies. Foreign trade transactions include various types of foreign trade transactions that involve the transfer of funds between countries. All these transactions are paid abroad by bank transfer or by various other instruments. Each currency holds different values in various countries, and exchange rates are always subject to change. While fluctuations may negatively impact some countries, the currencies of others may become more valuable. However, having an overly valuable currency is not always beneficial. Overvalued currencies can negatively impact exports and, in some cases, lead to an influx of cheaper imported products. This paper aims to determine whether Serbia has a sufficiently developed and organized foreign exchange business and payment system, which would enable it to be included in the integral payment system in Europe without major changes and investments.
References
Barać, S., Hadžić, M., Stakić, B., Ivaniš, M. (2005). Organizacija bankarstva. Beograd: Univerzitet Singidunum.
Hadžić, M. (2018). Bankarstvo. Beograd: Univerzitet Singidunum.
Hermann, U. (1983). Knaurs etymologisches Lexikon. Munich: Droemer Knaur.
Kamatne stope i pregled kretanja kursa dinara. (2024, 3 1). Copy from NBS: https://www.nbs.rs/sr/drugi-nivo-navigacije/statistika/ks_stat/
Kovač, O. (2006). Konkurentnost i politika deviznog kursa u Srbiji. Megatrend revija vol. 3, br. 1,, 5-18.
Kovačević, M., Gajić, T. (2019). Instrumenti platnog prometa. Vojno delo, br. 6, 371-379.
Lukić, V., Živković, A., Stankić, R., Marinković, S. (2018). Bankarsko poslovanje i platni promet. Beograd: Centar za izdavačku delatnost Ekonomskog fakulteta u Beogradu.
Pavlović, R., Bukvić, R. (2020). Uticaj politike deviznog kursa na trgovinsku razmenu Republike Srbije u uslovima krize - trgovinskopravni i ekonomski aspekt. Megatrend revija Vol. 17, № 4, 77-94.
Petrović, P., Mladenović, Z. (2015). Exchange Rate Pass-Through and the Frequency of Price Adjustment across Different Inflation Regimes. Panoeconomicus, Vol. 62, No. 4,, 409–427.
Šoškić, D. (2020). Valutna klauzula: Ekonomskofinansijske posledice. Revija kopaoničke škole prirodnog prava br. 1., 69-81.
Unković, M., Stakić, B. (2011). Spoljnotrgovinsko i devizno poslovanje. Beograd: Univerzitet Singidunum.
Wegmann, A. (2021, 8 3). SEPA clearing – the principle. Copy from https://www.cpg.de/en/how-consistent-is-sepa/
Zakon o deviznom poslovanju. (2006). Službeni glasnik RS, br. 62/2006, 31/2011, 119/2012, 139/2014 i 30/2018.
