This diminished trust in political and economic institutions is a particularly worrying development. I fear that the path back will be a long one. In all walks of life, including finance, trust takes a long time to build, but can be quickly and easily shattered.
This is surely less than the hedging needs of our economy. The lack of competition in providing hedging instruments among banks sometimes also implies that even the simple instruments such as forwards are overpriced, discouraging businesses from using them more often. And this is the challenge for the National Bank of Serbia too.