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Implementation of the Programme of Monetary Reconstruction and Strategy of Economic Recovery of Yugoslavia in the First Six Months of 1994

Bukvić, Rajko and Hadžić, Miroljub and Hinić, Branko (1994): Implementation of the Programme of Monetary Reconstruction and Strategy of Economic Recovery of Yugoslavia in the First Six Months of 1994. Published in: Yugoslav Survey , Vol. 35, No. 2 (1994): pp. 31-62.

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Abstract

The article deals with the implementation of the Programme of Monetary Reconstruction and Economic Recovery of Yugoslavia in the first six months of 1994. It were explained the phases of the Programme implementation and then the global movements in Yugoslav economy in first half of 1994 (production, transport, commerce etc.). Each of these branches are then separately analyzed, particularly in 1992 and 1993, that were characterized with hyperinflation, one of the greatest in the world economic history. In further, the prices and the movements on the market were analyzed, as the employment, wages and the living standard. In last section the monetary movements and the public spending were explained. In whole, the implementation of the Programme in the first six months of 1994 let’s be very optimistic for the recovery of Yugoslav economy in the future, despite certain problems in its implementation, which are pointed out in the article.

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