P/E/315. Dissertation. Impacts of sovereign credit ratings on transition economies (with focus on Serbia)

The dissertation aims to analyse how sovereign credit ratings (SCR) and the access to international capital markets can influence transition economies arguing that SCR can speed up economic growth. A review of literature covers the issues of capital markets, countries financial risks, international capital flows, FDI, financial liberalization, etc. An overview is given of transitional economies that received credit rating in 1990s including Croatia, El Salvador, Tunisia, Thailand, etc. A case study of Serbia is conducted to show the effects of the international credit rating on its economy and work out a development plan for the countrys sustainable economic growth.