Financial literacy in Serbia: Recording and conducting transactions in Serbia from the early 18th to the middle of the 20th century: Part two

Bankarstvo

Štimac Milko¹ 

[1] Komisija za hartije od vrednosti;

关键词: financial literacy;    clearing and settlement;    stock exchange;   

DOI  :  10.5937/bankarstvo1404012S

来源: DOAJ

【 摘 要 】

Financial literacy is crucial for the development of society. An example of development of recording and settlement of transactions in Serbia, in the period up to the middle 20th century, unambiguously points out in that direction. Financial literacy in itself is being developed on the basis of the interest in improving the ways and conditions for business operations. Hence its natural development is linked with traders, who were the first ones to accept and develop it, in order for it to expand and disseminate on to the other commercial activities, and finally, to embrace the largest possible number of members of the given society. In Serbia, its development was clearly defined into two time periods and one interim period. The first one is characterised by a mere elementary financial literacy. In the interim period, the one between the Civil Code and the Commercial Code, what was taking place was its expansion from traders on to the other social strata. In the second period, financial transactions were fully formalised and a network of economic institutions set in place. Financial literacy started to embrace also the broader social classes. Up to the time when the Second World War broke out, financial literacy experienced its full development, while simultaneously fulfilling its great role in instigating the overall economic and social development.

【 授权许可】

Unknown