2026-05-12T10:35:05.992Z http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai

ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai:1:8236 2023-10-10T09:40:24Z 1

Role of a Government in the Contemporary Economic Crisis 2009 328:338.124.4(100+497.11) http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai/record/1/8236 B. Rakić T. Rađenović M. Ivković Very often mixed economies have a problem to define borders between government and private activities in their intents to achieve appropriate balance between public and private sector. Although, today the general accepted opinion is that superiority should be given to the market and private sector, while the government should only complement them, this attitude has been changing dramatically during economic crisis. The Great Depression (1929-1933) has proved that the market and private sector are not efficient in stabilizing economics activities and that government intervention is a necessity. The World Economic Crisis that emerged at the end of 2008 once again has actualized the role of government and pointed out the importance of government regulation and intervention in an economy at the national and international level. As a response to the great instability of banking and financing sector, the European governments have bought together specific packages of measures and initiated banks nationalizations in order to prevent their bankruptcy and financial system collapse. In addition to this, governments have taken various measures for stimulating the economy as crisis expanded on real sector. In this paper, we will stress the importance of the role of a government in crisis and packages of measures that they especially used in the current economic crisis. conferenceObject 105 117 Challenges of the World Economic Crisis