However, indirect effects on the emerging economy could be even more signifi- cant. In the case of Serbia, government bonds were a great chance to introduce rules of financial markets to the wider public, and an opportunity for common citizens to realize the possibility of gaining profits through securities trading. Throughout our work, we shall explain the conditions under which government bonds were intro- duced to the Serbian financial market, as well as the missed opportunities and prob- lems of bond trading, both on the stock exchange and over-the-counter-market (OTC)
