Abstract
This paper sought to make clear how the concept of the cycle of money works in an actual case scenario like this of the economic system of Serbia. The index of the cycle of money suggests how an economic system ought to counteract an economic crisis and studies how well-structured is a country’s economy. The estimations of the index of the cycle of money of Serbia are compared with the global average index of the cycle of money. The estimations reveal that Serbia belongs to medium rate according to the average global value. Serbia results reveal that it is a fine structured economy and can face an economic crisis, with a moderate dynamic. The applied methodology based on the analysis of theory, mathematical, statistical, and econometrical results. Moreover, this is first published work for Serbia according to this theory and is part of a project that examines the cycle of money of multiple countries.
Highlights
This paper sought to make clear how the concept of the cycle of money works in an actual case scenario like this of the economic system of Serbia
The estimations reveal that Serbia belongs to medium rate according to the average global value
This paper examines the dynamic of the economy of Serbia, using the concept of the cycle of money
Summary
The mainstream is that the bigger companies and the international companies in most cases are saving their money to external banks and economic heavens According to this theory, the tax authorities should put an additional tax on this kind of companies to decline the losses to the economy. The results confirmed that Serbia’s economic system is properly established, as it follows the general international index of the cycle of money (the value of 0.5) which represents the average global case (Challoumis, 2018a) The countries near 0.5 and above it has an appropriate distribution of money to their financial system. Serbia should decrease taxes for small and medium enterprises, to achieve better reuse of money in the country’s economic system, and to increase taxes to big and international (OECD, July 2017)
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