Drenovak, MikicaUrosevic B.2021-04-202021-04-2020100013-3264https://scidar.kg.ac.rs/handle/123456789/10132The objective of this paper is to estimate Serbian benchmark spot curves using the Svensson parametric model. The main challenges that we tackle are: sparse data, different currency denominations of short and longer term maturities, and infrequent transactions in the short-term market segment vs daily traded medium and long-term market segment. We find that the model is flexible enough to account for most of the data variability. The model parameters are interpreted in economic terms.restrictedAccessarticle10.2298/EKA1084029D2-s2.0-78649740487