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РINУTБEРRИVКIEАW
Djordje Gjuric (photo: http://www.mc.rs/)
Professor at the Faculty The negative interest
of Economics in Belgrade, rates are desecration
leading Serbian expert on which will costs us a lot
monetary issues
The decisions of the citizens to massively withdraw money from the bank accounts
and to put them in safes, to push them into real estate and land, and for the companies
to keep cash or to buy their shares and to close themselves in conditions of conflict rela-
tions of the central banks, secular stagnation, large stratification of the population and
rapid decline of the middle class, in the long run face the expectations for greater eco-
nomic growth, says professor Djordje Gjuric, leading Serbian expert on monetary issues.
After the world financial crisis which actually continues to last, the architecture of
the financial system changes so much that what is considered a classic cliché, such as
the beneficial effect of the declining interest rates on the growth of the real GDP in
the medium term, now it is relativized and one must search for new solutions, says Dr.
Djordje Gjuric, professor at the Faculty of Economics in Belgrade.
76 November 2016
