Živanović, Branko; Đulić, Katarina; Jolović, Ana - In: Journal of Central Banking Theory and Practice 9 (2020) 1, pp. 45-59
Serbian local state-owned enterprises (SOEs) owed in excess of EUR 220mn in late 2015, with estimates reaching a much … annually. This paper looks at insufficient commercial borrowing by local SOEs trying to identify the causes of this financing … gap by looking at two aspects: on one hand, we look at quantitative and qualitative inputs provided by local SOEs for …