POST-SOCIALIST URBAN FINANCIALIZATION IN SERBIA: AN EMPIRICAL INSIGHT
Scindeks Assistant SCIndeks Assistant: Journal Management System
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How to Cite

Zeković, S. (2024). POST-SOCIALIST URBAN FINANCIALIZATION IN SERBIA: AN EMPIRICAL INSIGHT . The European Journal of Applied Economics, 21(1), 30-47. https://doi.org/10.5937/ejae21-48685

Abstract

Financialization as a global process usually promotes finance as a dominant narrative (Aalbers, 2019) and  plays a strong role in the economic development and urban changes in all contextual frameworks. Nevertheless, research on financialization is relatively scarce in post-socialist European countries, with a complete absence of research on this issue in Serbia. Focusing on post-socialist Serbia in the post-crisis  period (after 2008), the paper situates the narrative of urban financialization into the broader context by: illuminating the financialization dimensions; identifying the indicators for selected financialization dimensions; analyzing concrete data for selected financialization dimensions by specific indicators, and comparing available indicators of financialization with those in some post-socialist countries of CEE and SEE. The empirical analysis provides insight into the complex nature of urban financialization which is measured by specific indicators at the national level.

Keywords

financialization, commercial and residential properties, urban financialization, post-socialist countries, Serbia
DOI: 10.5937/ejae21-48685
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This work is licensed under a Creative Commons Attribution 3.0 Serbia License.