Purpose – The main objective of this paper is to critically examine the effects of the ongoing reform process on the … overall functioning of Serbia's banking system. It is essential that this reform process bears fruit by developing a sound … field research. The interviews were aimed at capturing the attitudes of bank managers regarding the country's banking reform …

shocks tend to produce growth accelerations that eventually fizzle out, while economic reform is a statistically significant … growth accelerations are unrelated to standard determinants and most instances of economic reform do not produce growth …

arise circumstances where the initial success of reform might result in it running into a political impasse. We suggest that … the key might lie in the e?ect that the reform process has on the balance of political power. In particular, if initially … opinion may turn against reform. Thus, in some sense, an initially successful reform may well end up sowing the seeds of its …

gradualist reform packages for economies in transition. …