Nikola Tasić

Nikola Tasić
Faculty of Business Economics and Entrepreneurship · Economics and Finance

PhD

About

26
Publications
2,852
Reads
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48
Citations
Additional affiliations
October 2014 - present
Faculty of Business Economics and Entrepreneurship
Position
  • Professor (Associate)
Description
  • Undergraduate course: Principles of Macroeconomics
September 2014 - present
National Bank of Serbia
Position
  • Consultant
July 2013 - present
Governance Monitoring Association
Position
  • Research Associate
Education
August 2004 - October 2007
Georgia State University
Field of study
  • Economics
August 2002 - May 2004
San Jose State University
Field of study
  • Economics

Publications

Publications (26)
Article
Full-text available
This paper shows that weak legal and political institutions and high macroeconomic volatility shorten the maturity of cross-border bank lending. Although these results are confirmed in the previous literature, this paper uses a broader panel data set of 135 countries from 1983 to 2012. Data also suggest new finding that the maturity of internationa...
Article
Full-text available
This paper analyses the determinants of economic growth in the post WWII to the pre-crisis period (1953-2007) using the dynamic generalized methods of moments (GMM) panel approach to determine effects of the real and the monetary determinants. Our results obtained from the panel of 61 countries suggest that economic growth varies between periods, a...
Article
Full-text available
This paper follows a well-known pass-through effect of the exchange rate at the general price level in the economy. Numerous econometric models show the existence of the influence of the exchange rate on inflation. The aim of the paper is to evaluate how strong this effect is and whether the influence of the exchange rate on inflation in Serbia aft...
Article
Full-text available
This paper estimates the pass-through effect of the exchange rate to prices in Serbia. Results obtained using ADL and VAR methodology suggest that the effect of exchange rate to inflation is Serbia is relatively high, but, as it is the case in most countries and previous studies on Serbia, incomplete and well below one. The estimate of the passthro...
Article
A new data set from the transition economies shows that the private sector has increasing access to long-term bank financing. In a few transition countries credit has similar maturity structure to that in Western Europe, while in others credit remains mostly short-term. Several factors explain these differences: the political and institutional envi...
Conference Paper
Full-text available
This paper analyzes potentials for monetary cooperation and integration in Southeast Europe. We apply structural VAR model in order to recover supply and demand shocks and to determine the degree of business cycles synchronization. Our results are in line with previous research on the region: economic cycles are relatively weekly correlated. This i...
Article
Full-text available
This article analyzes potentials for monetary cooperation/integration in Southeast Europe. We apply structural VAR model in order to recover supply and demand shocks and to determine the degree of business cycles synchronization. Our results are in line with previous research on the region: economic cycles are weekly correlated, which indicates rel...
Article
Full-text available
This article analyzes potentials for monetary cooperation/integration in Southeast Europe. We apply structural VAR model in order to recover supply and demand shocks and to determine the degree of business cycles synchronization. Our results are in line with previous research on the region: economic cycles are weekly correlated, which indicates rel...
Article
Full-text available
Economic growth is positively correlated with share of long-term debt in total cross-border capital inflow. In this paper we analyze changes in cross-border debt maturity in transition countries from 2006. to 2009. Share of short-term capital for majority of countries is decreasing, which can be contributed to the enhancement of institutional and e...
Article
Full-text available
This paper investigates the efficiency of monetary policy in Serbia, а highly dollarized economy. Results suggest that the interest rate channel is shaded, and that it is dependent on the degree of dollarization. Interest rate movements are primarily determined by the movement of interest rates in the Euro zone. The impact the 2W repo rate of NBS o...
Article
We investigate a new data set on the maturity of bank credit to the private sector in 74 countries. We show that credit maturity is longer in countries with strong institutions, low inflation, large financial markets, and where banks share information about borrowers. Furthermore, we extend the finance and growth literature by showing that credit m...
Article
Full-text available
This paper investigates macroeconomic implications of using reserve requirements as a monetary policy instrument. The result suggests that reserve requirement has not been an efficient instrument. We derive this broad conclusion as this instrument does not have expected effect on the credit activity of commercial banks. Furthermore, reserve require...
Article
Full-text available
Motivated by the theory that suggests that Serbian exporters bear a burden of “strong” dinar, this paper investigates the relationship between exchange rate and foreign trade. The contribution of this paper is the estimate of the long-run impact of exchange rate on exports and imports for several industry groups. The estimated elasticity of exports...
Article
This paper investigates the efficiency of monetary policy in Serbia, ? highly dollarized economy. Results suggest that the interest rate channel is shaded, and that it is dependent on the degree of dollarization. Interest rate movements are primarily determined by the movement of interest rates in the Euro zone. The impact the 2W repo rate of NBS o...
Article
Full-text available
Motivated by the theory that suggests that Serbian exporters bear a burden of “strong” dinar, this paper investigates the relationship between exchange rate and foreign trade. The contribution of this paper is the estimate of the long-run impact of exchange rate on exports and imports for several industry groups. The estimated elasticity of exports...
Thesis
Full-text available
This dissertation is an investigation into one of the important functions of the banking system: to transform short-term liquid deposits into long-term illiquid financial assets that can fund long gestation activities and, thus, raise the rate of economic growth. To investigate this function empirically, the dissertation uses two new data sets on t...
Article
Full-text available
This report compares the reliance on various revenue sources across Georgia, its surrounding states (Alabama, Florida, North Carolina, South Carolina, and Tennessee), Colorado, Texas, and Virginia. Revenue sources at the combined state and local level, at the state level, and at the local level are considered. Revenue is measured by own source gene...
Article
Full-text available
This study reviews the major findings of the previous studies and provides a new set of estimates of the economic impact of the commercial music industry in Georgia. We find that the primary music industry in Georgia has expanded both in terms of establishments and employment, but employment and establishments in secondary music industry, which inc...
Article
Full-text available
To forecast pre-kindergarten (Pre-K) enrollment in Georgia by county for 2007 through 2011 we use data on actual Pre-K enrollment and data on the population of four year olds. Due to data limitations, we rely on forecasting the population of four year olds from 2005 forward and we forecast Pre-K enrollment based on past relationships between popula...
Article
Full-text available
In this paper, we test whether relative purchasing power parity holds for ten countries in the Balkans region. We chose to investigate food price indices because food consumed in the region is homogeneous, and food is, in general, a highly tradable good. As our results indicate slow convergence even after we control for various socio-economic facto...

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Projects (2)