The paper suggests that the crisis strategy should target credit crunch and employment in the short run and sustainable fiscal soundness in the long run. This should enable banks to replenish funding which would enable flowsof credit on the retail market. Badly affected fiscal stance to battle the crisis requires institutional buildup. While policy mix in Slovenia was appropriate, reactions were slow and implementation weak.
COBISS.SI-ID: 18878950
The article analyzes the possibilities of the pension systems. Because of growing awareness of financial needs for public pensions, attention has been focused on their privatisation. As the capital markets in transition economies are even more volatile, privatised pension system coincides with risks, higher costs, and inability to provide retirees with affordable, indexed and certain annuities. Indeed, a reformed PAYG system appears to be the only viable system to perform well.
COBISS.SI-ID: 18877928