FINANCING BELGRADE’S GROWTH: MUNICIPAL LOANS BETWEEN 1929 AND 1941 Cover Image

Финансирање развоја Београда путем општинских зајмова од 1929. до 1941. године
FINANCING BELGRADE’S GROWTH: MUNICIPAL LOANS BETWEEN 1929 AND 1941

Author(s): Ranka Gašić
Subject(s): History, Cultural history, Economic history, Local History / Microhistory, Social history, Recent History (1900 till today), Interwar Period (1920 - 1939), WW II and following years (1940 - 1949)
Published by: Institut za noviju istoriju Srbije
Keywords: Belgrade Municipality; State Mortgage Bank; Municipal Savings Bank; capital markets; municipal loans; infrastructure; social housing

Summary/Abstract: The article focuses on Belgrade municipal borrowing during the Great Depression and its aftermath, up until the start of the Second World War in Yugoslavia in 1941. The loan terms, the distribution of municipal spending, and developments in the Belgrade Municipality’s loan financing during the 1930s are also analyzed. From 1929 to 1941, the Belgrade Municipality received 30 loans, all obtained from the local banking institutions. During the Great Depression, all Belgrade municipal loans were short- and mid-term, whereas following the Depression, they evolved into long-term. Throughout the 1930s, there was a rising trend of investment in infrastructure, cultural and social institutions, kindergartens and schools, and social housing. In contrast, there was a reverse trend in purchasing municipal properties.

  • Issue Year: 2024
  • Issue No: 2
  • Page Range: 63-91
  • Page Count: 29
  • Language: Serbian
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