
THE NIŠ COOPERATIVE: 1921‒1947
Author(s) -
Dejan Antić,
IVAN M. BECIĆ
Publication year - 2021
Publication title -
istraživanja/istraživanja - filozofski fakultet u novom sadu. institut za istoriju
Language(s) - English
Resource type - Journals
eISSN - 2406-1131
pISSN - 0350-2112
DOI - 10.19090/i.2021.32.191-205
Subject(s) - reputation , shareholder , world war ii , government (linguistics) , business , monetary policy , financial system , economics , economic policy , finance , market economy , economy , political science , monetary economics , corporate governance , law , linguistics , philosophy
Numerous local monetary bureaus owned by shareholders were established in the Kingdom of Serbia in the late nineteenth century. Many of these institutions, such as the Niš Cooperative, not only engaged in banking services but also owned industrial and trade companies. Economic circumstances changed so significantly after World War I that bank managements often were unable to cope with them. The Niš Cooperative was an example of a stable yet not particularly powerful monetary bureau whose reputation depended on the leading members of its Board of Directors. Unlike most other monetary bureaus, the Niš Cooperative continued operating after World War II up until privately-owned monetary bureaus were closed by the socialist Yugoslav government.