학술논문

The influence of the exchange rate policy on the trade of the Republic of Serbia in the conditions of the crisis: Trade legal and economic aspect
Document Type
article
Source
Megatrend Revija, Vol 17, Iss 4, Pp 77-94 (2020)
Subject
exchange of goods and services
law regulations
exchange rate
law-economic aspects
Economics as a science
HB71-74
Language
English
Serbian
ISSN
1820-3159
2560-3329
Abstract
Exchange of goods and services between the economic entities is determined by the instrument "Contract of Sale", which is one of the most common, most frequent and most numerous contracts in the economy. In the modern business conditions, and due to the process of globalization, deregulation and market liberalization, international trade has many significant aspects, first of all, having in mind the turbulence, complexity and uncertainty of business as well as the application of regulations that are subject to change. In addition, it can be significantly influenced by all kinds of the economic policy of the domicile country, but also indirectly by the dominant impact of international institutions. One of the elements of economic policy is the exchange rate, which, through the price and the exchange rate policy, has significant implications for trade agreements in legal transactions through positioning, competitiveness, growth and development of the Republic of Serbia in both the domestic and international markets. Therefore, when conducting trade relations, especially at the international level, it is necessary to have top experts in the field of law and economics in order to avoid the so-called principle of "victory of the stronger" in knowledge in this area, because in that case they would certainly make a much higher profit than usual. The aim of this paper is to link knowledge in the legal and economic domain, to focus on the effect of exchange rate policy and its impact on trade law and trade, bearing in mind all the implications listed and crucial in a crisis circumstances.