Excessive inozaduživanje, for the time, wrongly viewed only as a measure to strengthen the financia

Is the failure to adopt the law on the implementation track trace of the necessary primary issue, the instrument which gives the possibility to NBS buys government bonds and other financial assets in order to increase economic activity, Serbia lost an important instrument in the moment very difficult financial situation where it is?
Serbia with the state of the financial sector as well as its current monetary and fiscal policy in the macroeconomic environment in which it is brought into a position to implement the pressures and without any compensation. This shows the non-adoption of Article 18 of the Amendments to the Law on the work of the NBS. Pressure track trace I fired all weapons from all sides, starting with the World Bank, through the IMF, the European Commission, the Western embassies, doma'ih economic experts, the Democratic Party. LDP and the other which is faster / better for unintelligible (or obvious) reasons, rushed and URS, which is part of the ruling coalition.
All such arguments suggest that the instrument is the primary issue is actually a crocodile from the '90s, which produces fear of hyperinflation. With them you can agree when they say that it is not good for the economy. However, none of them provides an answer to the following question: Is the excessive inozaduživanje a contemporary track trace crocodile, which increasingly swallows?
Can we now conclude that Serbia, fleeing from a crocodile (primary issue), rushing another mouth (excessive inozaduživanje). Because none of them good for the economy. However, as we have objective reasons, track trace are forced to use an instrument, I do not see why not use the other to save our economy, because these two instruments in its purpose to increase domestic consumption is very similar and lead to the voluntarist pressure on the financial system.
The primary issue is the instrument through which the central bank, making money for the purchase of government bonds and other financial assets actually regulate lending to non-inflationary tendency towards optimal functioning of the financial system. This instrument is present in every country with a market economy. Instrument primary issue is the need to be applied in the functioning economic system, with no concern as long as the coverage of the money supply goods and services in the domestic market track trace and as long as the central bank by economic considerations.
Excessive inozaduživanje, for the time, wrongly viewed only as a measure to strengthen the financial system, while squinting to the fact that actually produces a destabilizing effect and jeopardize the future development of the economy.
Both instrument track trace increases the money supply in circulation and stimulate domestic consumption, and therefore inflation. Serbia inozaduživanjem finance its trade deficit of balance. Economy that money buys foreign goods and makes payments abroad. For the payment is converted into U.S. currency that go abroad dinar mass in circulation for the converted value decreases. It is understandable that in this way the effect of inflation in the country track trace was reduced, however, also should be understood that the money in foreign currency track trace in and out of the country and the rest of Serbia with foreign goods and debts. So dinar each inozaduživanjem becomes overvalued, which in its very nature encourages imports and thereby destroys the trade balance track trace of the country. track trace Now we come to the fact that the inozaduživanja there and the money, of course, no goods and service coverage in the country, which has remained in the country in dinars and whose existence is done inflationary pressure. The money and its pressure on the price of the product exactly the same pressure as it would have been pressure to the NBS conducted primary issue without track trace any goods and service coverage. Then arises track trace the withdrawal of money from circulation excess of NBS (ie sterilization), as it is usually the wrong instruments and further undermine the economic system of the country.
The Serbian government must first of all to remove the doubts and suspicions that led to onakvog pressure on the controversial proposal, if necessary, through track trace public discussion to see where and why to bother. track trace Then again, given the proposal to adopt the Serbian parliament, which allows the introduction of the possibility of using an instrument called. the primary issue as the instrument through which the central bank would be able to regulate lending.
A strategy is needed in order to arrive to full effect in the application track trace of these two instruments. To inozaduživanje be considered only if it is a favorable interest rate, if strictly controlled and is primarily directed to import strategic, production and technological resources. On the other hand, the NBS would purchase government bonds and other financial assets rules and precisely track trace fed in as much money as is necessary for the functioning of non-inflationary economic system with the aim to primarily serve the implementation of the production function imported strategic, production track trace and technological resources, and all Uiz intends to increase exports of goods and services.
Come out to us at this moment sounded bad because of the current case Agrobanka and reasonable reserves of citizens to all banks that are