Seychellois society is essentially matriarchal. Mothers tend to be dominant in the household, controlling most expenditures and looking after the interests of the children. Unwed mothers are the societal norm, and the law requires fathers to support their children. Men are important for their earning ability, but their domestic role is relatively peripheral.
With the collapse of the Socialist Federal Republic of Yugoslavia and its institutions from 1991 to 1992, the issue of unity of the two republics remaining in the collapsing federation, Serbia, Montenegro, as well as Serb-majority territories in Croatia and Bosnia that wished to remain united, became an issue. In 1991 diplomatic talks chaired by Lord Carrington with the leaders of the six republics of the collapsing federation, resulted in all the republics except for Serbia agreeing that Yugoslavia had collapsed and that each republic should become an independent state. The Serbian government was surprised and outraged by Montenegro's decision in favour of terminating Yugoslavia, as the Bulatovic government had previously been closely allied with Milosevic's government in Serbia. Yugoslavia's collapse began in 1991 when Slovenia, Croatia, and the Republic of Macedonia declared independence.
On 26 December 1991, Serbia, Montenegro, and the Serb rebel-held territories in Croatia agreed that they would form a new "third Yugoslavia". Efforts were also made in 1991 to include SR Bosnia and Herzegovina within the federation, with negotiations between Miloevic, Bosnia's Serbian Democratic Party, and the Bosniak proponent of union Bosnia's Vice-President Adil Zulfikarpai taking place on this matter. Zulfikarpai believed that Bosnia could benefit from a union with Serbia, Montenegro, and Krajina, thus he supported a union which would secure the unity of Serbs and Bosniaks. Miloevic continued negotiations with Zulfikarpai to include Bosnia within a new Yugoslavia, however efforts to include the whole of Bosnia within a new Yugoslavia effectively terminated by late 1991 as Izetbegovi planned to hold a referendum on independence while the Bosnian Serbs and Bosnian Croats formed autonomous territories.
The FR Yugoslavia suffered significantly economically due to the loss of previous territories of the SFRY to the seceding states and due to mismanagement of the economy, and an extended period of economic sanctions. In the early 1990s, the FRY suffered from hyperinflation of the Yugoslav dinar. By the mid-1990s, the FRY had overcome the inflation. Further damage to Yugoslavia's infrastructure and industry caused by the Kosovo War left the economy only half the size it was in 1990. Since the ousting of former Federal Yugoslav President Slobodan Miloevi in October 2000, the Democratic Opposition of Serbia (DOS) coalition government has implemented stabilization measures and embarked on an aggressive market reform program. After renewing its membership in the International Monetary Fund in December 2000, Yugoslavia continued to reintegrate with other world nations by rejoining the World Bank and the European Bank for Reconstruction and Development.
The smaller republic of Montenegro severed its economy from federal control and from Serbia during the Miloevi era. Afterwards, the two republics had separate central banks whilst Montenegro began to use different currencies it first adopted the Deutsch mark, and continued to use it until the mark fell into disuse to be replaced by the euro. Serbia continued to use the Yugoslav Dinar, renaming it the Serbian dinar.
The complexity of the FRY's political relationships, slow progress in privatisation, and stagnation in the European economy were detrimental to the economy. Arrangements with the IMF, especially requirements for fiscal discipline, were an important element in policy formation. Severe unemployment was a key political and economic problem. Corruption also presented a major problem, with a large black market and a high degree of criminal involvement in the formal economy.