Our results suggested that greater public disclosure had a favorable impact on stock market performance, both during the crisis period as well as afterward. Indeed, there is a large literature supporting the idea that a country can benefit by promoting transparency and disclosure.
Although today much more integrated in global production and trade chains, Serbia – owing to the responsible conduct of economic policy in the past period and coordinated and timely measures of the NBS and the Government – managed to minimise the economic fallout from the pandemic.