CREATING ALTERNATIVE BANKING SYSTEM

Univerzitet Union „Nikola Tesla“, Poslovni i pravni fakultet, Beograd, Srbija
Serbia

Institut za međunarodnu politiku i privredu, Beograd, Srbija
Serbia


Abstract

Global level of long-term economic and financial crisis and continues to be a challenge for the financial and banking system. To prevent the return of the normal state of affairs, the fight against international financial liberalization becomes more intensive and associated with local investment and financial alternatives, which are still at the beginning. In some countries, financial alternatives bankrupt banks, including non-profit models of local credit and banking, such as credit union and financial institutions for community development, modified the model of efficient microfinance, and intended as lenders for their individual small businesses in economies that are developing or worse economic situation. In this process include other entities, such as the post office and savings and credit cooperatives. The importance of these various institutions, not just that represent the pto alternativub financial monoculture that created the bank supposedly too big to fail, but in their ability to point to the future financial system kojin to serve clients' needs instead of returning the normal work. Now, some experts believe that the nationalization of some banks lorak good start-but what about later? What would a commercial bank for ordinary people? Local, international and historical experience in the search for answers is different.

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