Energy is a globally important factor of production - the growth of population and income increase energy consumption, so there is an urge to decrease it. However, there are different ways to reduce energy consumption, and one of them is energy efficiency. The aim of the paper is to give a...

We study market illiquidity across eleven national markets of the Balkan Peninsula. In general the EU member countries have are more liquid markets than the non-member countries. Turkey, however, has the most liquid market, while Serbia and Bosnia are the most illiquid. Global illiquidity...

The paper explores illiquidity of the Serbian financial market for the period of 2005-2009. The financial market in Serbia is, by its type, a frontier market. We used daily data from the BELEXline index, as well as all stocks within this index in examined timeframe, provided by the Belgrade...